Avida Finans AB
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Avida Finans AB - overview
Established
1983
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Avida Finans AB is a financial services provider that specializes in offering diverse financial solutions for individuals and businesses across Sweden, Norway, and Finland, facilitating effective borrowing and investment options. Founded in 1983 and headquartered in Stockholm, Sweden, Avida Finans AB provides financial services primarily focused on personal loans and corporate financing solutions. The company underwent a strategic shift in ownership when KKR acquired a 15. 2% minority stake in February 2020, resulting in a complete acquisition in July 2020 for NOK 236 million.
The CEO, Tord Topsholm, leads the firm as it continues to navigate the financial services landscape. Avida Finans specializes in a comprehensive range of financial solutions, including personal loans, credit consolidation, credit cards, savings accounts, factoring, and corporate loans. These offerings are designed to meet the diverse financial needs of both individual consumers and small to medium-sized businesses, promoting better control over finances and enhancing liquidity for growth. Avida delivers these services via a user-friendly digital platform, ensuring accessibility for its clientele across the Nordic region.
In the most recent fiscal year 2024, Avida Finans reported revenues of NOK 673,763,960. 30 while experiencing an EBITDA of NOK -610,370,918. 10, reflecting the financial dynamics of its operations in both consumer and business financing services. Avida Finans aims to expand its service offerings and market presence by launching new financial products in the coming year, focusing on innovative solutions to meet evolving customer needs.
The company is exploring opportunities to penetrate additional Nordic markets beyond its current base. Recent funding of NOK 236 million, secured from KKR, will support these growth initiatives, enabling Avida to enhance its product suite and improve operational capabilities.
Current Investors
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Credit Collections & Services
Website
www.avidafinance.com
Verticals
FinTech, FinTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Avida Finans AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 50,800,620 | 66,901,157 | 89,231,772 | 130,597,220 | 139,523,249 | 191,569,054 | 304,835,120 | 409,800,000 | 535,500,000 | 735,500,000 | 787,900,000 | - | - | - |
| % Revenue Growth (YoY) | - | 31.7% | 33.4% | 46.4% | 6.8% | 37.3% | 59.1% | 34.4% | 30.7% | 37.3% | 7.1% | - | - | - |
| EBITDA (USD) | 8,483,608 | 11,459,916 | 16,980,314 | 13,290,254 | 26,604,556 | 17,935,991 | 62,313,359 | 86,300,000 | 138,300,000 | 32,300,000 | 108,800,000 | - | - | - |
| Operating Income (USD) | 2,963,888 | 8,381,182 | 14,024,435 | 9,628,295 | 22,716,197 | 12,572,272 | 48,143,712 | 76,800,000 | 128,000,000 | 5,000,000 | 83,800,000 | - | - | - |
| Operating Margin | 5.8% | 12.5% | 15.7% | 7.4% | 16.3% | 6.6% | 15.8% | 18.7% | 23.9% | 0.7% | 10.6% | - | - | - |
| % EBITDA Margin | 16.7% | 17.1% | 19.0% | 10.2% | 19.1% | 9.4% | 20.4% | 21.1% | 25.8% | 4.4% | 13.8% | - | - | - |
| NET Income (USD) | 2,199,670 | 6,198,816 | 13,086,955 | 6,478,427 | 18,541,985 | 13,912,354 | 36,020,302 | 60,600,000 | 97,100,000 | 2,000,000 | 62,300,000 | - | - | - |
| % Net Margin | 4.3% | 9.3% | 14.7% | 5.0% | 13.3% | 7.3% | 11.8% | 14.8% | 18.1% | 0.3% | 7.9% | - | - | - |
Avida Finans AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Avida Finans AB | - |
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Avida Finans AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM |
BM Board Member
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