About Nordax Bank
Nordax Bank is a company based in Stockholm (Sweden) founded in 2003.. Nordax Bank has completed 2 acquisitions, including Bank Norwegian and The Swedish Mortgage Pension. Nordax Bank offers products and services including Privatlån, Bolån, and Sparkonto. Nordax Bank operates in a competitive market with competitors including Nordea, Swedbank, Scotiabank, Bank of America and SEB, among others.
- Headquarter Stockholm, Sweden
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Noba Bank Group Ab
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Annual Revenue
$1.68 B (USD)0as on Dec 31, 2025
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Net Profit
$370.26 M (USD)0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Bank Norwegian
& 1 more
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Products & Services of Nordax Bank
Nordax Bank offers a comprehensive portfolio of products and services, including Privatlån, Bolån, and Sparkonto. 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.
Loans for personal expenses without security requirements.
Mortgage loans for housing and property purchases.
Accounts offering up to 2.55% interest with state guarantee.
Funding Insights of Nordax Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Nordax Bank
Nordax Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bank Norwegian and The Swedish Mortgage Pension. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital bank for individuals
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2009 | ||||
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Mortgage pension loans are provided to Swedish homeowners.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nordax Bank
| 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 |
Nordax Bank Comparisons
Competitors of Nordax Bank
Nordax Bank 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 Nordea, Swedbank, Scotiabank, Bank of America and SEB, 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 |
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| domain | founded_year | HQ Location |
Nordea is recognized as a leading Nordic universal bank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and corporates.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
SEB is recognized as a leading Nordic corporate bank.
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| domain | founded_year | HQ Location |
Handelsbanken is recognized for personal and corporate banking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Nordax Bank
Frequently Asked Questions about Nordax Bank
When was Nordax Bank founded?
Nordax Bank was founded in 2003.
Where is Nordax Bank located?
Nordax Bank is headquartered in Stockholm, Sweden.
What is the annual revenue of Nordax Bank?
Annual revenue of Nordax Bank is $1.68B as on Dec 31, 2025.
What does Nordax Bank do?
Nordax Bank was established in 2003 as a commercial bank headquartered in Stockholm, Sweden. Operations are focused on the financial sector, where retail and corporate banking services, including loans, deposits, and investment products, are offered. The banks domain, nordax.se, supports its digital presence. Activities are conducted primarily within the Swedish market, with emphasis on sustainable financial solutions for individuals and businesses across the region.
Who are the top competitors of Nordax Bank?
Nordax Bank's top competitors include Scotiabank, Nordea and Swedbank.
What products or services does Nordax Bank offer?
Nordax Bank offers Privatlån, Bolån, and Sparkonto.
How many acquisitions has Nordax Bank made?
Nordax Bank has made 2 acquisitions, including Bank Norwegian, and The Swedish Mortgage Pension.