JZI invests in Finnish loan company My Lender
JZI finalized its investment in Finnish company My Lender in November 2015. JZI owns a majority stake in the business, while the existing management team and co-founders retain a minority stake.
My Lender provides unsecured personal consumer loans in Finland, targeting a certain under-served customer niche in the country. The average loan ticket size is targeted to be in the range of €5,000-10,000, with an average tenor of 72 months. The management team provides an extensive experience in the sector, having set up Citigroup’s consumer finance business in Finland in the early 2000s as well as having founded and developed other businesses in the same space in the following years.
JZI will provide financial resources for My Lender to expand its business in Finland; JZI also plans to incorporate MyLender into a larger, pan-Scandinavian consumer lending platform. Future investments to expand the business may involve companies active in Sweden and Norway.
For more information on My Lender, visit www.mylender.fi
JZI Partners with Collingwood Insurance
In October 2015, JZI entered into a partnership with the founder and management of Collingwood Insurance Group.
Collingwood is a UK niche motor insurance company based and regulated in Gibraltar with its entire back office, claims, call center and processing functions situated in Newcastle, England. Collingwood currently focuses on non-standard motor risk where a non-automated approach to risk can deliver superior underwriting results.
The business is currently focused on four specific niche products in the UK motor market, namely: short-term taxi, learner drivers, fleet and younger drivers.
For more information on Collingwood, visit www.collingwood.co.uk
S.A.C Looks to Expand Following JZI Investment
JZI is pleased to announce that it will provide financial resources for S.A.C, a niche van leasing company, to expand its business in Denmark and potentially into other Scandinavian countries.
With two main offices (Copenhagen and Viborg) and in-house mechanical workshops, S.A.C is able to offer flexible leasing contracts tailored to each client’s needs.
With JZI’s investment and the management team’s more than 15 years of experience in the sector, we believe S.A.C can become a leading van leasing business in Scandinavia.
You can visit S.A.C’s webpage here: sacbiler.dk