Lendo is a leading marketplace for loans with a presence in several markets. Since it was started in 2007, Lendo has had a strong growth foremost as the Scandinavian market leader of marketplaces for loan products towards consumers and small and medium enterprises. Part of the growth strategy has been to expand to new European countries and Lendo has therefore expanded operations to
Lendo now plans to shift its strategic focus to grow and strengthen its market positions in
Andrew Kvålseth, EVP Chief Investment Officer in Schibsted and Board Chair in Lendo, supports this strategic change: “This shift in strategic focus will enable Lendo to accelerate its market leading position in the Scandinavian markets, and to strengthen its profit growth which we see as value creating in the current market environment.”
Lendo consequently plans to cease operations in
Contacts
Atle Lessum , Head ofSchibsted Group Communications , +47 415 05 645, atle.lessum@schibsted.comJann-Boje Meinecke , VP, Head of Investor Relations, +47 941 00 835, jbm@schibsted.com- Johanna Björnbäck, Communication Manager Lendo, +46 72 855 22 95, johanna.bjornback@schibsted.com
Attachments
- Download announcement as PDF.pdf
© NTB Norway, source