Northmill Bank AB

Northmill Bank AB is a digital financial institution based in Sweden that offers personalized banking solutions including loans, payment cards, and savings accounts to enhance financial well-being for individuals and businesses. Founded in 2006 and headquartered in Stockholm, Sweden, Northmill Bank AB specializes in providing banking services. The company has raised SEK 250. 000 mn in funding as of February 11, 2021, with investments from Coeli Asset Management and M2 Asset Management.

The CEO is Hikmet Ego. Northmill Bank provides a comprehensive suite of banking solutions tailored for individual and business clients, including personal loans, payment cards, savings accounts, and business financing solutions. Since its inception, it has served over 600,000 private customers and 3,200 businesses across Sweden and Finland, emphasizing a digital-first approach to enhance customer experience. In the most recent year, 2020, Northmill Bank generated revenue amounting to SEK 38,348,375.

9 and achieved an EBITDA of SEK 12,409,677, demonstrating a solid business model supported by consistent customer demand. Following its most recent funding round in February 2021, where Northmill Bank AB raised SEK 250 million, the company plans to utilize the funds to support continued geographical expansion and accelerate the development of new products. This strategy aims to extend its reach beyond the Nordic region and enhance its service offerings, further solidifying its position in the digital banking marketplace.