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Vilja introduces a multi-country setup for deposit services in Euro

As of March 13, Vilja is introducing a multi-country setup for its customer Hoist Finance by including deposit services in Euro for the Netherlands, in addition to Germany.

Vilja Deposit is supporting Hoist Finance’s new offering of deposit solutions to the Dutch market. By providing state of the art technical solutions, Vilja is helping Hoist Finance in executing on their funding strategy. Vilja Deposit aggregates Hoist’s internal administration and ensures correct reconciliation. In addition, the solution compiles all reporting to the relevant supervisory authorities to stay compliant.

“Offering saving accounts in the Netherlands is yet another step to diversify our financing structure and expand our European deposit base. Vilja Platform supports us to leverage a seamless and automated solution and thereby achieving improved scalability and operational efficiency” says Max Ehrengren, Head of Treasury at Hoist Finance.

“We are proud to continue supporting Hoist Finance exciting growth journey, one of Europe’s leading debts restructuring and financial services company. Implementing multi-country support in our platform is essential for internationalization. It enhances user experience, facilitates administration and demonstrates our commitment to global expansion continues Fredrik Ulvenholm, CEO at Vilja.

For more information, please contact:

Fredrik Ulvenholm, CEO at Vilja, [email protected], +46 708-725128

Max Ehrengren, Head of Treasury at Hoist Finance, [email protected]

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing credit portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable instalment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.

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