NatWest (which supported Oneiro Solutions and BuiltAI) and Värde Partners have secured a SEK 3.1 billion ($280 million) loan facility with Stockholm-based European SME lender DBT to speed up its lending to Swedish SMEs. To date, this finance transaction represents the largest entry into the expanding Nordic SME loan market.
To Lend Up To $280M To Swedish SMEs
The money allows DBT to expand its reach and provide easy access to growth capital to more SMEs in all sectors. With major UK bank NatWest and American global investment firm Värde Partners, the SME lender has entered into a fundraising deal to lend up to SEK 3.1 billion ($280 million) to Swedish SMEs.
The finance agreement will allow DBT to keep up with small business demand for corporate loans that are focused on growth and innovation. The business observes that the present European energy crisis, rising gasoline prices, and inflationary spike, all of which have an impact on SMEs, have raised demand.
“We are enthusiastic about the potential for this partnership to develop in order to support DBT’s objectives and increase our capacity to offer commercial finance capital across Europe.
Aneek Mamik, Partner and Global Head of Financial Services at Värde Partners, stated that DBT had made significant platform investments and had established distinct SME loan underwriting capabilities.
“Working with NatWest has been a pleasure, and we appreciate their continuous assistance as a lender. We are pleased to welcome Värde Partners as a new working partnership with this new transaction. Both are famous financial institutions that share our dedication to bridging the funding gap for SMEs, said Alexis Kopylov.
DBT History
Alexis Kopylov established DBT in Stockholm in 2017. It makes use of real-time client data and a proprietary credit intelligence technology platform to provide borrowers with personalized finance that can be scaled up quickly.
Over the last six years, the platform has enabled it to lend more than SEK 2 billion ($180 million). According to DBT data, SMEs that are supported by its loans expand on average seven times more quickly than those that are not.
“With the help of this significant financial arrangement, we can help even more scaling SMEs in Sweden. According to Alexis Kopylov, CEO and co-founder of DBT, “It comes at the best possible time, as the SME enterprises we help see growing demand for flexible yet long term robust financing in light of the present energy crisis, inflation surge, and rising fuel prices.
The expansion and success of SMEs, as well as their beneficial effects on the economy, depend on stable access to financing. By supporting DBT, we are taking a further step toward our goal of lowering obstacles to business growth.
We are glad to continue to support DBT’s ambition and collaborate with them because they share our dedication to serving the expanding SME sector.
Uses Proprietary Credit Intelligence Tech
DBT provides SMEs with straightforward access to growth capital by leveraging its credit intelligence platform and combining a rational tech- and data-driven procedure with human and qualitative collaboration.
The corporate financing offered by DBT is intended for limited firms in all industries that require a loan of SEK 3–30 million. Notably, the Swedish Financial Supervisory Authority has registered DBT as a financial institution.
Faqs
Alexis kapylov
It makes use of real-time customer data and a proprietary credit intelligence technology platform to offer customised.
2017
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