SaveLend Group ABThe Scandinavian Fintech, which allows individuals to invest in loans, says it is updating its ambitions due to the changing regulatory environment.
SaveLend Chairman of the Board Hakan Nyberg, stated:
“Due to changing regulatory conditions, a divested business and the planned application for authorization to operate as a credit markets company, the Board identified the need to update the Company’s financial targets. The new targets are designed to support the controlled and profitable scaling of the business going forward.”
Swedish legislation mandates that after June 30, 2026, only banks and credit market companies will be allowed to conduct and broker consumer loans.consumer credit agency” license category.
SaveLend Group is actively working to apply for a license as a credit market company.
The online lender is also shifting from providing consumer loans to focusing on SME loans.
SaveLend divests billing platform subsidiary, Invoiced EU just focusing on the savings platform and financing the process so that is changing its services.
Additional financial goals include the goal of achieving a long-term return on equity of 20%, growing total capital, including consumer deposits, and paying dividends in the future.
“The new objectives provide a clear long-term direction for the business as the company progresses towards becoming a credit market company. The next step is to submit the application to the Swedish Financial Supervisory Authority and continue to develop the business in accordance with the structure and requirements associated with this authority,” he said. Peter BalodCEO of SaveLend Group.
SaveLend reported a positive EBITDA of SEK 355,000 for the full year 2025; This is an improvement from the -7.4 million SEK reported in 2024. Still, the company reported a net loss of SEK 21.4 million for the year.
