Avida Finans Ab

Avida is a credit market company under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). Since its founding in 1983, Avida has focused on providing financing services to businesses, consumer lending, and deposit accounts for the general public. Avida has approximately 170 employees, with its head office in Sweden and branches in Norway and Finland. The company also operates cross-border services in Belgium, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Austria, and Poland, serving customers in these countries. Avida’s business idea is to offer competitive financial products for businesses and private individuals seeking loans, financing, or savings solutions at attractive interest rates. The aim is to support both large and small financial needs in everyday life – as an alternative to traditional banks. At the turn of the year 2024/2025, Avida acquired the credit card operations in Sweden and Norway from Santander Consumer Bank AS, as well as the sales finance business previously operated by Santander in cooperation with Elkjøp in Norway and Elgiganten in Sweden.This acquisition added approximately new retail customers and now forms the foundation of Avida’s consumer offering. Avida is majority-owned (over 64%) by Kohlberg Kravis & Roberts (KKR), one of the world’s leading investment firms. The company has two bonds listed on Nasdaq Stockholm.