Vilja, partnership with local mortgage origination platform, Mast.
In brief:
- Stockholm-based Vilja was founded in 2007. “Five seasoned IT and banking experts thought there was a better and more cost-efficient loan and deposit system waiting to happen,” it says on its website.
- The two firms are targeting the UK’s building societies sector with an integrated, cloud-native, “end-to-end mortgage experience offering” that combines Mast’s mortgage origination solution and Vijla’s platform for deposits and mortgage servicing.
- Mast already has a couple of building societies on its client list, such as Melton Building Society and Cumberland Building Society.
What does this mean?
Fredrik Ulvenholm, CEO of Vilja, says the two fintechs “share the same mindset” and have solutions that “complement each other perfectly”. He adds: “We believe now is the right time to enter the UK market, and we are here to stay.”
