Nordax is a leading niche bank in the Nordic region providing unsecure consumer loans and deposits to around 120,000 customers in Sweden, Norway, Finland, Denmark and Germany. Nordax employs over 200 people, all working in one office in Stockholm. Nordax was founded by six entrepreneurs with extensive risk management experience and over the course of over ten years, we have built a customer centric and low risk culture, signifying our day-to-day operations and every decision we make.
Our underwriting process is our core competency, it's thorough, sound and data driven. We pride ourselves in taking no short cuts. Consequently, our customers can always feel confident they will be offered a loan they can afford. They can always make well-informed decisions in peace and quiet based on transparent and clear pricing models.
Through a centralized and highly scalable platform, Nordax is on a journey to become a leading niche bank in Northern Europe.
Nordax is supervised by the SFSA and is part of the Swedish deposit guarantee scheme. As of March 31, 2016 lending to the general public amounted to 11.3bn SEK and deposits from customers to 6.1bn SEK.