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Fellow Finance to merge with Evli Bank

Tuesday 20 July 2021 11:54 CET | News

Fellow Finance has merged with Evli Bank, creating two new entities in the process.

Fellow Finance will be absorbed by Evli, creating Fellow Bank, to continue its banking services for SMEs and individuals as well as create new savings accounts for its customers, while New Evli will become the group’s asset management arm.

All staff will remain onboard as part of the merger, which is expected to be completed in the first half of 2022, and despite having operations in Germany, Poland, Denmark, Sweden. and the Czech Republic, Fellow Bank will be focused on the Finnish market for now, with hopes to expand in the future.


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Keywords: merger, fintech, banks
Categories: Banking & Fintech
Companies:
Countries: Finland
This article is part of category

Banking & Fintech