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
Disclosures and disclaimers