Axo Announces Acquisition of Defero, a Leading Digital Credit-Scoring and Financial Management Platform
Summary
Axo AS (“Axo”), a leading distributor of personal finance products in the Nordic region and portfolio company of Corsair, a leading private equity firm targeting payments, software and business services investments in the financial services sector, today announced that it has acquired Defero, a digital credit-scoring and financial management platform in the Nordic region. “Under Axo’s ownership, we will be able to invest in new products and technologies, improve conversion rates by implementing an end-to-end customer journey within our platform, and capture a greater share of the market throughout the Nordic region and beyond. "We continue to see significant room for growth and adding Defero’s consumer-focused personal finance products will further accelerate Axos strong trajectory by increasing customer engagement, enhancing its ability to provide consumers with tailored financial solutions, and creating additional value for partners. In 2021, Axo acquired the leading Danish digital broker, LendMe, accelerating its journey in becoming the premier pan-Nordic platform for personal financial products. The firm has almost three decades of experience partnering with businesses at the crossroads of technology transformation and financial services complexity and established its complementary infrastructure investment practice in 2015.