Swedbank Acquires Digital Mortgage Specialist Stabelo to Reach Younger, Tech-Savvy Borrowers

Swedbank Acquires Digital Mortgage Specialist Stabelo to Reach Younger, Tech-Savvy Borrowers

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Swedbank acquires Stabelo to expand mortgage operations

Swedish banking group Swedbank has purchased mortgage credit institution Stabelo to further develop its mortgage business and customer services. The initial purchase price is Skr350m ($36.8m), with the final price depending on Stabelo’s performance through 2028. Stabelo operates in the mortgage market, focusing on customer groups where Swedbank sees growth potential. The company uses fully digital mortgage processes and distributes mortgages thr…

Swedbank Expands Portfolio with Acquisition of Digital Mortgage Brand Stabelo | Fintech InShorts: Latest fintech news, analysis by experts

A Strategic Move to Enhance Digital Banking Services and Mortgage Offerings Highlights: Swedbank has acquired Stabelo, a digital mortgage brand, to enhance its service offerings. The acquisition aims to improve customer experience in the mortgage application process. Stabelo’s technology will help Swedbank strengthen its position in the competitive digital banking landscape. Swedbank’s recent purchase of Stabelo marks a significant step in its …

Swedbank to acquire mortgage lender Stabelo for initial SEK 350 million - Finnoexpert

Swedbank to acquire mortgage lender Stabelo for initial SEK 350 million Source link