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Nordea Finance will license Divido’s white-label point of sale lending platform for launch to retailers across several Nordic countries.
Divido, a London-based retail finance marketplace platform, announced on its blog that Finland-based Nordea will roll out its omni-channel lending platform under the Nordea brand. The initial country slated for immediate launch is Norway, which will be quickly followed by Finland, Sweden and Denmark.
Since the Nordea Finance unit, a division of bank holding group Nordea Bank Abp, services multiple countries with different currencies, it decided that it would be more prudent to use an existing platform to get to market more quickly. The payments market in the Nordic countries is rapidly evolving as cash disappears and consumers are increasingly using
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