- Merger Details:
- Alisa Bank in Finland is set to acquire invoice financing fintech Puro Finance through a share exchange.
- The acquisition will result in Puro Finance becoming a subsidiary of Alisa Bank.
- The transaction will give Puro Finance’s shareholders a 40% stake in the combined entity, valued at €10.4 million.
- Continued Operations:
- After the merger, Puro Finance will continue to operate its invoice financing service, offering support for invoicing, financing, credit insurance, collection, and bookkeeping functions.
- Strategic Focus:
- Alisa Bank’s strategy post-merger will primarily concentrate on expanding digital banking and finance services for SMEs.
- The bank aims to promote its Banking-as-a-Service (BaaS) and corporate lending operations, targeting 25% annual growth in corporate lending through 2026.
- Leveraging Puro Finance’s partner network, including its largest shareholder Accountor, Alisa Bank plans to tap into new growth opportunities in customer volumes.
- Partnership Opportunities:
- Alisa Bank has agreed with its largest shareholder, Accountor, to launch integrated banking services for Accountor’s clients.
- The bank will explore cooperation with other finance service providers to expand its offerings further.
- Key Drivers:
- The merger is driven by objectives such as capital-efficient growth, increased customer volume, technological innovation, and synergies between the two entities.
- CEO Statement:
- Juha Saari, interim CEO of Alisa Bank, believes that the merger will generate significant synergies in the short and medium term, enhancing the bank’s profitability and growth potential.
