About Bank Norwegian
Bank Norwegian is a company based in Oslo (Norway) founded in 2009 was acquired by Nordax Bank in December 2021.. Bank Norwegian has raised $36.07 million across 2 funding rounds from investors including Nordax Bank. Bank Norwegian offers products and services including Credit Card, Consumer Loan, Refinancing, Savings Account, and Insurance. Bank Norwegian operates in a competitive market with competitors including Lunar, Northmill, Sbanken, Resurs Holding and Instabank, among others.
- Headquarter Oslo, Norway
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Bank Norwegian, A Filial Of Noba Bank Group Ab (Publ)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$36.07 M (USD)
in 2 rounds
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Latest Funding Round
$44.7 M (USD), Debt – Conventional
Sep 10, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
Nordax Bank
(Dec 03, 2021)
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Products & Services of Bank Norwegian
Bank Norwegian offers a comprehensive portfolio of products and services, including Credit Card, Consumer Loan, Refinancing, Savings Account, and Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers credit with no annual fee and rewards for purchases.
Provides loans from 5,000 to 600,000 kr for personal expenses.
Helps consolidate debts into one loan to save on costs.
Allows flexible saving with interest on deposited amounts.
Includes travel and other optional insurances for customers.
Funding Insights of Bank Norwegian
Bank Norwegian has successfully raised a total of $36.07M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $44.7 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $44.7M
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First Round
First Round
(05 Apr 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Bank Norwegian | Valuation |
investors |
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| Apr, 2016 | Amount | Private Equity Round - Bank Norwegian | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bank Norwegian
Bank Norwegian has secured backing from 1 investor. Prominent investors backing the company include Nordax Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided by Nordax Bank in Sweden.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bank Norwegian
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bank Norwegian
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Norwegian Comparisons
Competitors of Bank Norwegian
Bank Norwegian operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lunar, Northmill, Sbanken, Resurs Holding and Instabank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lunar is recognized as a digital bank offering innovative financial solutions.
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| domain | founded_year | HQ Location |
Wealth data is aggregated and lending is provided for businesses.
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| domain | founded_year | HQ Location |
Digital bank for consumers and businesses
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| domain | founded_year | HQ Location |
Digital retail banking services and payment solutions are offered.
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| domain | founded_year | HQ Location |
Internet first bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Norwegian
Frequently Asked Questions about Bank Norwegian
When was Bank Norwegian founded?
Bank Norwegian was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Bank Norwegian located?
Bank Norwegian is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Is Bank Norwegian a funded company?
Bank Norwegian is a funded company, having raised a total of $36.07M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $36.07M, raised on Apr 05, 2016.
What does Bank Norwegian do?
Bank Norwegian was founded in 2009 in Oslo, Norway, as a digital bank focused on individual customers. Savings accounts, consumer loans, refinance loans, and NFC-enabled credit cards are provided through its platform. Additional services encompass money transfers, bill payments, and expense management. The operations are supported by a mobile app available on iOS and Android devices, serving users primarily in Norway.
Who are the top competitors of Bank Norwegian?
What products or services does Bank Norwegian offer?
Bank Norwegian offers Credit Card, Consumer Loan, Refinancing, Savings Account, and Insurance.
Who are Bank Norwegian's investors?
Bank Norwegian has 1 investor. Key investors include Nordax Bank.
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