Nordic Secondary Fund has acquired a stake in Fiizy.
Fiizy is a multi-lender consumer financing platform. Established in 2015 and headquartered in the Nordic tech hub Estonia, Fiizy’s home markets are Spain, Poland and Mexico.
„We are delighted to welcome Nordic Secondary Fund among our shareholders. As we are preparing to launch our multi-lender buy-now-pay-later (BNPL) solution later this year, NSF’s experience in the fintech sector has proven to be very valuable”, said Andres Meier, Fiizy’s CEO.
Fiizy’s white-label, plug-and-play platform connects consumers with financial services providers, allowing them to instantly receive comparative offers for different financing needs. Unified customer onboarding and real-time access to a broad range of high-quality financial data helps the banks and lenders on Fiizy’s platform to better automate and target financing offers. Fiizy works with over 100 different lenders, including major players such as Santander, BNP Paribas, Citibank, American Express, etc. The company plans to launch a white-label, plug-and-play BNPL solution in Spain in Q4 2021.
“We are proud of having a front runner like Fiizy in our portfolio, and are looking forward to being a part of the company’s future journey. Fiizy is a unique team of talents with the ability to reach great heights”, said Peter Sandberg, Nordic Secondary Fund’s CEO.
Nordic Secondary Fund is the first and only fund in the Nordics to exclusively invest in secondaries. Besides Fiizy, Nordic Secondary Fund’s has invested in companies such as Klarna, Funderbeam, GoMore, Norlase, Varjo, Mintos, etc.