Better Collective receives financing for expansion
Better Collective has secured financing to continue its strategy of growth through mergers and acquisitions in the form of a loan agreement with Nordea for $41.3m.
The Danish-based developer of educational platforms within the iGaming industry also secured a loan agreement with Danske Andelskassers Bank for $12.16m bringing the company’s total bank credit facilities to $53.46m for future mergers and acquisitions.
The credit facilities are part of Better Collectives partnership with Nordea which began in 2017. The Interest rate for the credit is set at the banks standard rate.
Jesper Søgaard, Founder and CEO of Better Collective, comments: “With eight successful acquisitions in 2017 and the first two secured in 2018, we are rapidly strengthening our position on the top of the European iGaming affiliate market. To have this financing in place now means that we can keep the pace and make room for accelerating Better Collectives successful acquisition growth.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
