About Spar Nord
Spar Nord is a company based in Aalborg (Denmark) founded in 1824 was acquired by Nykredit in December 2024.. The company has 5,942 employees as of September 30, 2022. Spar Nord has completed 1 acquisition, including Bankivik. Spar Nord offers products and services including Konfirmandkonto, Mortgage Calculator, Energy Renovation Calculator, and Pension Advice. Spar Nord operates in a competitive market with competitors including Scotiabank, Danske Bank, lan & spar, Kiwibank and Jyske Bank, among others.
- Headquarter Aalborg, Denmark
- Employees 5942 as on 30 Sep, 2022
- Stage Public
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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
*********
- Legal Name Spar Nord Bank A/S
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
5942
as on Sep 30, 2022
- Investments & Acquisitions
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Acquired by
Nykredit
(Dec 17, 2024)
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Products & Services of Spar Nord
Spar Nord offers a comprehensive portfolio of products and services, including Konfirmandkonto, Mortgage Calculator, Energy Renovation Calculator, and Pension Advice. 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.
Account offering high interest for young savers up to a limit.
Tool to estimate housing loan affordability and options.
Calculator for assessing energy improvement costs and savings.
Guidance on retirement planning and pension strategies.
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Funding Insights of Spar Nord
| 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 |
Investors in Spar Nord
Spar Nord has secured backing from 1 investor. Prominent investors backing the company include Nykredit 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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Nykredit Bank is engaged in banking, mortgage, and savings services.
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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 Spar Nord
Spar Nord has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bankivik. 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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Bankivik is recognized as a major financial institution in Greenland.
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1906 |
| 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 - Spar Nord
| 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 |
Spar Nord Comparisons
Competitors of Spar Nord
Spar Nord 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 Scotiabank, Danske Bank, lan & spar, Kiwibank and Jyske Bank, 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 |
Commercial banking services are provided internationally by Scotiabank.
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Financial services including banking and insurance are provided globally.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses in Denmark.
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| domain | founded_year | HQ Location |
Commercial banking services are offered throughout New Zealand.
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| domain | founded_year | HQ Location |
Commercial banking services are offered across Denmark and abroad.
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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 Spar Nord
Frequently Asked Questions about Spar Nord
When was Spar Nord founded?
Spar Nord was founded in 1824.
Where is Spar Nord located?
Spar Nord is headquartered in Aalborg, Denmark.
How many employees does Spar Nord have?
As of Sep 30, 2022, the latest employee count at Spar Nord is 5,942.
What does Spar Nord do?
Spar Nord was founded in 1824 in Aalborg, Denmark, where its headquarters are located. Operations are focused on the commercial banking sector, with services including deposit accounts, loans, and payment processing offered primarily to businesses and individuals across Denmark. The bank maintains a network of branches throughout the country, supporting regional economic activities while adhering to Danish financial regulations.
Who are the top competitors of Spar Nord?
Spar Nord's top competitors include Scotiabank, Danske Bank and lan & spar.
What products or services does Spar Nord offer?
Spar Nord offers Konfirmandkonto, Mortgage Calculator, Energy Renovation Calculator, and Pension Advice.
How many acquisitions has Spar Nord made?
Spar Nord has made 1 acquisition, including Bankivik.
Who are Spar Nord's investors?
Spar Nord has 1 investor. Key investors include Nykredit Bank.
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