The Swedish fintech company Vilja secures 40 SEK million in new capital to accelerate its international expansion outside the Nordics and secure long-term growth. At the same time, the company is establishing its own AI development center in Kuala Lumpur.

The capital injection consists partly of a new share issue being carried out in September and partly of a SEK 8.5 million loan from DBT Capital. The investment will strengthen Vilja’s efforts in international markets and contribute to further development of the company’s cloud-based core banking platform, with a focus on deposits. Today, Vilja is the market leader in the Nordics in this segment, with 20 banks and financial institutions on the Vilja Platform.

“Our owners believe in us and in our strategy. We will continue with stable SaaS growth of 30–40% per year and aim to become a billion-krona company within 8–9 years. We will be profitable again next year. We have a clear ambition to grow outside the Nordics, following our customers into Europe and expanding from there. Today, the company has established a sales office in the UK and has installations in nine European markets,” says Fredrik Ulvenholm, CEO of Vilja.

Vilja has a sales office in Kuala Lumpur and is now taking the next step by establishing an AI development center there.“We see strategic value in building our own center since AI as a tool is crucial for the development of our platform. In Malaysia, we find the cutting-edge expertise we are looking for, and we have already started the recruitment process,” says Fredrik Ulvenholm.