Schibsted Faces Regulatory Hurdles in Lendo Sale
Funding | Jan 23, 2025 | Aim Group
Norway-based Schibsted Marketplaces, soon to be rebranded as Vend, is encountering regulatory challenges in its plan to sell its fintech subsidiary, Lendo, amid uncertainties in Sweden. Schibsted Marketplaces, which is a key player in digital marketplaces, believes this move is in line with a strategy to sharpen focus on core operations. With Lendo described as a fintech enterprise that facilitates customer comparisons of loan options, its divestment strategy is pivotal. However, upcoming regulatory changes in the Swedish market are complicating the planned transaction, potentially delaying or altering the intended pathway for transferring ownership. This situation underscores the complexities involved in navigating the regulatory landscape in cross-border financial services transitions.
Sectors
- Financial Technology
- Digital Marketplaces
Geography
- Norway – Schibsted Marketplaces is based in Norway, indicating the origin of the company planning the divestiture.
- Sweden – The regulatory challenges affecting the sale of Lendo arise from Sweden, where the subsidiary operates.
Industry
- Financial Technology – The article focuses on Lendo, a fintech company, and the regulatory challenges impacting its sale.
- Digital Marketplaces – Schibsted Marketplaces, which operates digital marketplaces, is the parent company planning the divestment.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Schibsted Marketplaces | Selling Company | Company | A Norwegian company planning to divest its fintech subsidiary, Lendo. |
| Lendo | Target Company | Company | A fintech company facilitating customer loan comparisons, being sold by Schibsted Marketplaces. |