Axo acquires LendMe
Axo Finans , a distributor of personal finance products in the Nordic region and portfolio company of Corsair, a private equity firm targeting services, software, and payments investments in financial services, announced that it has agreed to acquire digital loan broker LendMe . The financial terms of the transaction were not disclosed.
Founded in 2016, LendMe is one of the first independent loan brokers in Denmark. LendMe also provides income protection insurance as an integrated part of its services. The company’s three co-founders will hold local and group management positions within Axo, and all LendMe employees will continue to serve in the group.
“We are delighted to partner with a high-caliber business that shares our commitment to customer success, and with LendMe as part of the Axo family, we will continue to innovate and develop solutions that strengthen our offerings to both consumers and banking partners. We are thrilled to join forces with our new colleagues at LendMe to accelerate our ambitious growth agenda.” – Carl E. Endresen, CEO of Axo.
“This transaction is great validation for the LendMe team’s work over the years as we’ve developed a highly effective strategy and market-leading offering. I am proud of how far we have come in such a short period of time and look forward to entering this exciting new chapter as part of Axo.” – Frederik Murmann, CEO and Co-Founder of LendMe.
“This transaction extends Axo’s market leading status to Denmark and is an important step in its continued international expansion. LendMe has a deeply experienced management team with significant operational strength, and an innovative IT platform that will enable further expansion into adjacent product verticals. We remain deeply committed to Axo’s long-term success and we look forward to supporting the leadership team as they capitalize on a number of compelling future growth opportunities.” – Corsair Partner Derrick Estes and Managing Director Edward Wertheim.