STOCKHOLM, Feb. 28, 2019 /PRNewswire/ -- TF Bank has
within its segment Ecommerce Solutions signed an agreement with
Estonia's largest online retailer
Hansapost.
Hansapost was founded in 1997 and is today the market leading
online retailer in Estonia with
more than 300,000 products in its portfolio.
The cooperation with Hansapost marks a breakthrough in a new
market for TF Bank's offering to online retailers. The agreement
runs for several years and is expected to generate significant
volumes over time.
"TF Bank's payment and financing solutions continue to gain
ground among online retailers in the Nordics, and now also in the
countries around the Baltic sea. Through the agreement with
Hansapost, we show the scalability in our business model, where the
products easily are commercially and technically adapted for new
markets. Our loan portfolio within the Ecommerce Solutions segment
amounted to approximately SEK 1
billion at year-end, and we see good opportunities for
further growth," said Mattias
Carlsson, CEO of TF Bank.
TF Bank in brief
TF Bank is an internet-based
niche bank offering consumer banking services and e-commerce
solutions through a proprietary IT platform with a high degree of
automation. The platform is designed for scalability and
adaptability to different products, countries, currencies and
digital banking solutions. TF Bank carries out deposit and lending
activities for about 1 million consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia, Latvia and Lithuania through subsidiary, branch or
cross-border banking. In its Ecommerce Solutions segment, TF Bank
offer next-generation payment and checkout solutions for online
retailers in the Nordics, Estonia
and Poland. TF Bank is listed at
Nasdaq Stockholm.
For further information, please contact:
Mikael
Meomuttel, CFO and Head of Investor Relations
+46(0)70-626-95-33
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/tf-bank-ab--publ-/r/hansapost-selects-tf-bank-for-payment-and-financing-solution,c2752874
The following files are available for download:
https://mb.cision.com/Main/13973/2752874/999749.pdf
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