Reinforcing our positive view on Fortnox Finance

Research Note

2019-06-13

14:47

The application strengthens our positive view on Fortnox Finance, which we believe will be the main ARPC growth contributor from 2021 and forward. It is also indicating – like the start of in-house factoring services – that management is ramping up its efforts to increase the penetration (~2% in 2018) of Fortnox Finance among Fortnox’ customers.

FN

Fredrik Nilsson

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