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Aprila is pleased to announce that an agreement has been signed with SpareBank 1 SR-Bank (“SR-Bank”) for the distribution of Aprila’s digital and automated Credit Line through SR-Bank channels.
SR-Bank and Aprila have a shared vision of helping small businesses succeed. Our common goal is to contribute to the creation of new jobs and the growth and success of small businesses and thereby the strengthening of local communities.
“With this credit line, companies will have money available for example to pay for variable expenses or for investments. Aprila has developed a simple application process, responds very quickly, and the funds are available shortly after signing” says Marianne Bakke, head of SMB and agriculture at SR-Bank.
“In Aprila, our goal is to help finance and build the jobs and the companies of the future. It corresponds very well with SR-Banks corporate promise to provide growth and development for small businesses. The cooperation with SR-Bank will mean that we can contribute to more jobs and more sustainable local communities. We can succeed in this even better together” says Halvor Lande, CEO of Aprila Bank.
“SMBs are the backbone of Norwegian business. When we say that we must add strength to these companies, it means that we must contribute to their success. Many of our smallest corporate customers are in need of credit, and with our partnership with Aprila we are now able to offer them an even broader array of credit products” adds Marianne Bakke.
Aprila's technology platform enables real-time credit scoring, pricing and credit decision based on machine learning technology. With transparent and understandable pricing and without pledge in assets, Aprila Credit Line can be offered even to start-ups.
The entire process of customer onboarding, credit application and credit decision won’t take more than around two minutes of the customers’ time. Aprila's technology is built on using “real time” data from multiple sources as well as traditional sources such as credit scoring, payment remarks etc. The models have been developed and trained over years to predict outcomes and price risk automatically. This high level of automation enables offering credit even to small companies.
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Contact person Aprila Bank:
Halvor S Lande, CEO
+47 924 32 305
Halvor.lande@aprila.no

Contact person SpareBank 1 SR-Bank:
Marianne Bakke, Head of SMB and Agriculture
+ 47 958 93 388
Marianne.bakke@sr-bank.no