Since March 24, Hoist Finance, one of Europe’s leading debt restructuring companies and its savings offering HoistSpar, is live with Vilja Deposit in Spain, offering savings accounts to the public through the HoistSpar direct channel.

Vilja delivers a cloud-native end-to-end deposit solution including on-boarding and My Pages. The solution integrates seamlessly with other technology providers, ensuring an efficient and scalable setup. An important driver for banks and financial institutions to take deposit in own channel is to diversify the funding base and to optimize the funding cost over time.

“By partnering with Vilja, HoistSpar can launch deposit products with flexibility and speed across Europe to optimize funding costs. Spain is a new market for HoistSpar and we are delighted to now be live, offering a range of fixed-term savings products. We have a long-term partnership with Vilja and look forward to continuing our journey together.” says Max Ehrengren, Head of Treasury at Hoist Finance.

“We are very pleased to be live in Spain with our first customer. We have partnered with Hoist Finance for many years and are proud to continue supporting the company’s impressive growth journey. We see growing demand from banks to complement their funding via direct channels across Europe, helping them diversify and optimize funding costs. At the same time, end customers increasingly expect a modern, seamless and fully digital onboarding experience.” continues Fredrik Ulvenholm, CEO at Vilja.