Niche digital bank Collector partners with NFT on fintech venture fund

Source: Collector

Collector AB (publ.) (Nasdaq Stockholm: COLL). Collector is establishing a new company, Collector Ventures KB, jointly with NFT Ventures.

Collector’s cooperation with NFT shall focus on investments in FinTech companies. The purpose is to develop new digital products and technology solutions, mostly for banking operations.

Collector currently cooperates with a number of FinTech companies. To enable continued high innovative power, Collector shall now invest, jointly with NFT, in a number of companies with financial and digital focus.

“This is yet another way for Collector to evolve into the leading digital niche bank in the Nordic region. By taking on ownership and participating in the development of new FinTech companies, we increase our ability to offer our customers the best and most cutting-edge solutions. NFT creates the conditions needed for Collector to invest in documented and evaluated FinTech companies and develop our own products.” Stefan Alexandersson, CEO, Collector.

NFT is a leading Venture Capital company within FinTech in Northern Europe, which has invested in 17 companies to date.

“At NFT, we view Collector as a very exciting and inspiring partner. Collector has taken up a clear position as a leader within digital innovation, seeing the growth opportunities within the next generation of bank services. Together, we create the right conditions for identifying and developing new and exciting FinTech companies in Northern Europe.” Johan Lundberg, CEO, NFT Ventures.

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