Instabank enters into a Forward Flow agreement for unsecured non-performing loan (NPL) claims with Axactor ASA in Sweden

Instabank ASA has entered into an agreement where Axactor ASA will acquire fresh unsecured consumer lending claims on a monthly basis in Sweden. Instabank will enter the Swedish market early Q1/19 and the contract with Axactor are for any claims arriving from April 2019.

For additional information, please contact: 
Robert Berg, CEO Instabank
Mobile phone: +47 974 85 610
Email: rb@instabank.no

About Instabank 
Instabank ASA is a Norwegian digital bank, launched in September 2016, with offices in Skøyen, Oslo. The Bank's vision is to create the best customer experience in its market - and has a uncompromising focus on accessibility, simplicity and innovation. Instabank currently offers competitive savings, insurance and unsecured loans to individuals. The bank is mainly owned by Norwegian investors and there is no individual shareholder who owns more than 10% of the company.

About Axactor 
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 900 employees.