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Press Release 02 July 2026 19:19:00 CEST SaveLend Group SaveLend Group Acquires Refino AB's Debt Consolidation Loan Business SaveLend Group AB ( " SaveLend Group " ) , through its subsidiary SBL Finans AB ( publ ) ( " SBL Finans " ) , has entered into a conditional agreement to acquire Refino AB's debt consolidation loan business ( the " Business " ) . The Business will be transferred in its entirety with effect from 1 August 2026. No purchase consideration will be paid upon completion . Instead , Refino AB will receive an ongoing royalty equal to 45 per cent of the Business's profit before tax until 31 July 2032. In addition , Refino AB has undertaken to invest in SaveLend Group through a convertible instrument . The terms of the convertible issue are expected to be announced once SaveLend Group's Board of Directors has formally approved the issuance , which is anticipated to take place during the evening of 2 July 2026 . The acquisition adds a new credit product to SBL Finans in the form of debt consolidation loans for consumers , together with an existing customer base and established distribution channels . Since the first quarter of 2026 , the financing of Refino AB's existing debt consolidation loan portfolio has already been managed through SaveLend Group's investment platform , meaning that part of the income generated by the current loan portfolio already accrues to SaveLend Group . Founded in June 2023 , Refino AB is still in an early growth phase . Between 2024 and 2025 , the Business increased its revenue by 30 per cent from a low base , while its total assets grew by 320 per cent , demonstrating strong growth potential . As part of SaveLend Group , the Business is expected to substantially expand its loan portfolio and contribute at least SEK 500 million in revenue and more than SEK 100 million in earnings through 31 July 2032 . Transaction Highlights : • SBL Finans acquires the Business , including the licensed right to use the Refino trademark . Completion will take place through the transfer of operations effective 1 August 2026 . • No purchase consideration will be paid on completion , and SaveLend Group will not incur any acquisition - related debt . • Refino AB will receive a royalty equal to 45 per cent of the Business's profit before tax during the period from 1 August 2026 to 31 July 2032 . • Refino AB has committed to invest in SaveLend Group by subscribing for a convertible instrument to be issued by SaveLend Group . • Refino AB retains a unilateral right to repurchase the Business at no cost should the Swedish Financial Supervisory Authority ( Finansinspektionen ) reject SBL Finans's application for authorisation as a credit market company . • As part of the acquisition , SaveLend Group will assume ownership of the technology , employees , and existing customer and supplier relationships . SaveLend Group AB | Kammakargatan 7 | 111 40 Stockholm