Swedish fintech Northmill launches new saving service
Swedish fintech Northmill has launched a new savings service, Rebilla Reduce, which enables anyone to lower their interest rates in a matter of minutes on existing credits, partial payments or credit card bills.
The 13-year-old company, with a net revenue of $45.5 million, allows customers to take a photo of their invoice and upload it to an automated platform which tells them how much it can lower it interest rate with.
“We are born in the digital economy and we believe it is about time the financial system becomes more inclusive,” says Northmill CEO and co-founder, Hikmet Ego. “Our vision to develop products and services that through technology help people simplify their financial life is more relevant than ever.”
Rebilla product owner, Babel Poli, adds: “We encourage everyone with an existing credit between one thousand and three hundred thousand Swedish kronor to test how much they can lower their interest rate with us.”
The 130-person innovation fintech wants to become Sweden’s first real neo-bank and create a data and AI-driven assistant that acts as a personal financial advisor in customer’s pocket to give them real-time savings tips.
Northmill is growing fast in the Nordic region, awarded the “Di Gasell” award two years in a row for high organic growth in 2017 and 2018.