SaveLend Group AB, a Nordic Fintech that enables individuals to invest in loans, says it is updating its goals due to a changing regulatory environment.
SaveLend Chairman of the Board Håkan Nyberg, stated:
“With changing regulatory conditions, a divested business, and a planned application for authorization to operate as a credit market company, the Board of Directors has identified a need to update the Company’s financial targets. The new targets are designed to support a controlled and profitable scaling of the business going forward.”
Swedish legislation requires, after June 30, 2026, that only banks and credit market companies will be allowed to conduct and mediate consumer loans, eliminating the current “consumer credit institution” licence category.
SaveLend Group is actively working towards applying for a license as a credit market company.
The online lender is also shifting from providing consumer credit to focus on SME lending.
SaveLend is divesting its billing platform subsidiary, Billecta AB, to focus solely on the savings platform and to finance the process, thereby changing its services.
Additional financial targets include a long-term ambition of generating an ROE of 20%, to grow total capital, including consumer deposits, and to pay a future dividend.
“The new targets provide a clear long-term direction for the business as the company develops towards becoming a credit market company. The next step is to submit the application to the Swedish Financial Supervisory Authority and continue developing the business in accordance with the structure and requirements associated with such authorization,” says Peter Balod, CEO of SaveLend Group.
SaveLend reported a positive EBITDA of SEK 355,000 for the full year 2025, an improvement from the SEK -7.4 million reported in 2024. Still, the company reported a net loss of SEK 21.4 million for the year.
