Norion Bank AB (“Norion Bank”), through its payment and checkout solution Walley, has entered into an agreement to acquire Verkkokauppa.com’s consumer financing business. Verkkokauppa.com is among Finland’s largest e-commerce actors and a leading retailer of consumer electronics and home products, serving consumer and business customers. The acquisition includes a credit portfolio of approximately 90,000 end customers, expected to amount to approximately SEK 350 million upon completion of the transaction, representing a substantial increase of Walley’s current credit portfolio as well as transaction volumes in Finland. Further, a long term consumer financing partnership has been entered into, building on Walley’s and Verkkokauppa.com’s already established partnership.

Norion Bank's payments segment, Walley, constitutes a strategic focus area for Norion Bank and represents an attractive player in the payments market. Walley places significant attention to comprehensive customer solutions, including product development, loyalty programs and customized client offerings. The acquisition aims to enhance Verkkokauppa.com’s commercial success while further strengthening Walley's market position in Finland.

– We are truly excited to deepen our partnership with Verkkokauppa.com through this acquisition. Finland is one of our fastest growing markets and this marks a significant milestone in Walley’s ongoing expansion across the Nordics. Taking over Verkkokauppa.com’s financing business and payment solutions gives us a unique opportunity to accelerate our growth journey and deliver additional value to our partners and their customers, says David Lundqvist, CEO, Walley.

– Walley has been a trusted partner since day one. We’re confident our customers are in good hands and excited to continue growing our business together, says Panu Porkka, CEO, Verkkokauppa.com.

The acquisition is expected to be completed during the second half of 2025 and is anticipated to contribute positively to Norion Bank's profitability from start.