Client stories

SEK2.5bn funding to support Nordic SMEs

Redefining SME lending

Since its inception in 2017, DBT has built a unique growth-financing proposition for SMEs using its credit intelligence technology platform, which leverages real-time client data to expedite the tailoring and scaling of funding for borrowers.

DBT was founded in 2017 with the ambition of creating better growth opportunities for Sweden’s small and medium-sized companies. Leveraging its credit intelligence platform, DBT combines a technological and data-driven process with qualitative human analysis, to offer SMEs access to growth funding. In the last six years, DBT has lent more than SEK2 billion, with the data suggesting that DBT’s borrowers have outperformed other SMEs by 7x in terms of growth*. 

Meeting the demand for innovation-oriented corporate loans

Seeking a financing package to help accelerate its lending to Swedish SMEs, DBT approached NatWest, who worked closely with them to understand their specific requirements before structuring a SEK 2.5 billion debt facility. NatWest’s senior note allows for flexible funding which can be drawn in line with new loan originations as DBT continues growing.

An entity controlled by Värde Partners, a leading global alternative investment firm specialising in credit and credit-related assets, will act as the mezzanine noteholder in the facility. The mezzanine note will also allow for flexible funding over the same revolving period, aligning the senior and mezzanine tranches and providing added support for DBT’s growth.

The funding agreement will enable DBT to continue meeting the strong demand for innovation-oriented corporate loans, demand which has increased in light of the current European energy issues, fuel price increase and inflation surge – all of which have impacted SMEs.

DBT and NatWest share commitment to remove barriers for enterprises

Alexis Kopylov, CEO and co-founder of DBT, said: “This is a milestone financing arrangement which enables us to support even more SMEs across Sweden. It comes at the best possible time, as the SME companies we support see increased need for flexible yet long-term financing in light of the current energy crisis, inflation surge and rising fuel prices. NatWest has been a great partner to work with, and we’re grateful for their continued support as a lender, sharing our commitment to close the SME funding gap.” 

Olmo Montesanti, Co-Head of Private Financing Sales Europe at NatWest, commented: “Access to credit is crucial to the success and growth of SMEs and their positive impact on the economy. Our backing of DBT demonstrates our commitment to remove barriers and support businesses to grow.”

*Source: DBT (based on DBT client data vs overall Swedish SME growth data (www.scb.se) October 2022)

Disclaimer

This article has been prepared for information purposes only, does not constitute an analysis of all potentially material issues and is subject to change at any time without prior notice. NatWest Markets does not undertake to update you of such changes.  It is indicative only and is not binding. Other than as indicated, this article has been prepared on the basis of publicly available information believed to be reliable but no representation, warranty, undertaking or assurance of any kind, express or implied, is made as to the adequacy, accuracy, completeness or reasonableness of the information contained in this article, nor does NatWest Markets accept any obligation to any recipient to update or correct any information contained herein. Views expressed herein are not intended to be and should not be viewed as advice or as a personal recommendation. The views expressed herein may not be objective or independent of the interests of the authors or other NatWest Markets trading desks, who may be active participants in the markets, investments or strategies referred to in this article. NatWest Markets will not act and has not acted as your legal, tax, regulatory, accounting or investment adviser; nor does NatWest Markets owe any fiduciary duties to you in connection with this, and/or any related transaction and no reliance may be placed on NatWest Markets for investment advice or recommendations of any sort. You should make your own independent evaluation of the relevance and adequacy of the information contained in this article and any issues that are of concern to you.

This article does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any investment, nor does it constitute an offer to provide any products or services that are capable of acceptance to form a contract. NatWest Markets and each of its respective affiliates accepts no liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However this shall not restrict, exclude or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.

NatWest Markets Plc. Incorporated and registered in Scotland No. 90312 with limited liability. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. NatWest Markets N.V. is incorporated with limited liability in the Netherlands, authorised and regulated by De Nederlandsche Bank and the Autoriteit Financiële Markten. It has its seat at Amsterdam, the Netherlands, and is registered in the Commercial Register under number 33002587. Registered Office: Claude Debussylaan 94, Amsterdam, the Netherlands. Branch Reg No. in England BR001029. NatWest Markets Plc is, in certain jurisdictions, an authorised agent of NatWest Markets N.V. and NatWest Markets N.V. is, in certain jurisdictions, an authorised agent of NatWest Markets Plc. NatWest Markets Securities Japan Limited [Kanto Financial Bureau (Kin-sho) No. 202] is authorised and regulated by the Japan Financial Services Agency. Securities business in the United States is conducted through NatWest Markets Securities Inc., a FINRA registered broker-dealer (http://www.finra.org), a SIPC member (www.sipc.org) and a wholly owned indirect subsidiary of NatWest Markets Plc.

Copyright 2022 © NatWest Markets Plc. All rights reserved.

Related articles

AFD’s third Sustainable Bond for 2022 has global appeal

The Agence Française de Développement (AFD), supports, and accelerates the transition to a fairer and more sustainable world.

Helping to develop the UK care home market

Selba Care and NatWest work closely on the financing package to acquire and invest in Balhousie Care Group, supporting long-term business growth strategy.

PELF successfully taps into capital markets

Formed in August 2007 with the purpose of owning and operating core industrial distribution properties across Europe, Prologis European Logistics Fund (“PELF”) (ticker PRIFII) is Europe’s largest open-ended logistics fund with a high-quality portfolio, managed by Prologis.