Brixo is a Swedish fintech company, allowing users to apply for digital credits up to SEK 30,000 (2,750 euros). Finances are analysed to determine whether the consumer will be able to repay the credit and once that is established, the application is processed and the credit can be utilised the same day as the application is approved.
“We want to improve the financing experience for everyone, making the application process smooth and easy to understand, while also being secure and user friendly. We have partnered with Nordigen to add an open banking approach to the procedure, letting us connect to bank accounts and gather the vital financial data we need to process applications rapidly, carefully and effectively,” says Martin Johansson, CEO of Brixo.
Brixo’s aim is to make credits accessible to a wider public by utilising new credit solutions and modern approaches. By continued development of its own adaptive technology platforms, the company aims to simplify and enhance the market for finance services.
“We are delighted to be collaborating with Brixo and helping them to add an extra level of automatisation and streamlined processing to their mix of effective services and products. Brixo is focused on creating a better financing experience for their users and we believe that open banking is a key element to elevating financial customer satisfaction, due to the simplified process offered to customers and the elimination of manual input and lengthy waiting times,” explains Rolands Mesters, co-founder and CEO of Nordigen.
Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Nordigen’s free API connects to more than 2,100 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.
Brixo is a Swedish fintech company that challenges the traditional banking system by offering digital credits to private individuals in Sweden. The company strives to simplify and improve the market for financing services by making credits available to a wider public with innovative credit products and careful credit reviews. Brixo was founded in 2014 and is a consumer credit institute under the supervision of Sweden’s financial supervisory authority Finansinspektionen.