Swedish SME lender Fedelta picks Vilja banking system
Swedish challenger bank Fedelta has selected local core banking provider Vilja to power its lending platform for small and medium enterprises (SMEs).
Founded in 2018, Fedelta provides what it calls a “fully automated loan process” targeting companies “of all sizes” in its native Sweden.
The firm is led by Micael Wiklander, a former founder partner at corporate lending firm Best Rate.
He says that as Fedelta grew it realised it needed “an agile system that could handle customer information in a smooth and automated way”.
Wiklander adds the challenger needed a partner that shared its “growth mindset” and that it found that drive in Vilja.
Core banking firm Vilja, founded in 2007, has a number of local financial institutions on its books. These include SevenDay Bank, Visma Finance, Erik Penser Bank, and Froda.
The vendor says the “booming SME loan segment” is in need of digital banking offerings that are “simple and flexible”.
Fredrik Ulvenholm, CEO at Vilja, says: “If you can offer simple and flexible business loans that will help companies grow and hire new employees, the benefits to society are enormous.”