Aprila

The first real-time factoring bank in Norway

The Challenge

Aprila Bank's business idea was to raise capital from the private market and to offer loans and factoring/invoice purchase to the corporate market, wanting to be the first real-time factoring bank in Norway.

The Solution

Stacc delivers the Core Ledger platform including support for deposits, factoring, invoice purchase, loans and revolving credits.

In addition, we delivered fully automated and digitised onboarding process including KYC/AML, scoring, authentication and signing of documents by eID, my page and case management system for manual onboarding.

The Result

Aprila was recently listed by fintech analysts C-Innovation as one of the fastest-growing digital banks in Europe, the only one from Norway.

Aprila Bank 2023 numbers are impressive.

68% revenue jump from 2022 to 2023
15% Return on Equity (ROE)

Aprila runs their own proprietary onboarding and credit origination. Granted loans or credit is then automatically created in the Core Ledger solution from Stacc.

Stacc Core Ledger handles the complete life cycle management of loans and credits from disbursement to full repayment.