The Bank of Entrepreneurship
We fund, found and run financial businesses across Europe. By bringing entrepreneurs and financial specialists together with capital and technology, we build companies that address real financial needs.
Growth in Numbers
As of Q2 2026, unless stated otherwise.
0TO9 AB (publ) is a credit institution supervised by Finansinspektionen, the Swedish Financial Supervisory Authority.
Our model
Specialist Businesses. Collective Strength.
We build specialist financial businesses around clear market opportunities, combining dedicated teams with shared infrastructure and capital. Together, we turn deep customer understanding into a compelling offer, an attractive brand, and a profitable market position, backed by the group’s technology, financial expertise, and operational support.
As active owners, we stay involved from the first investment through day-to-day operations, with a focus on profitable growth and long-term value creation.
Our approach
Financial Discipline. Entrepreneurial Drive.
As a licensed credit institution, we combine robust AML (anti-money laundering) and compliance frameworks with an experienced board. Our team has worked with established partner banks for over ten years, bringing financial expertise and entrepreneurial drive to specialist lending.
Each business is led by a dedicated team, giving our partners a direct counterpart with deep market knowledge and responsibility for performance.
Built by Europe. For Europe.
Financial needs differ from market to market. We bring local understanding together with shared experience, capital, and technology, building businesses around the opportunities we see across all markets. Together we contribute to a stronger and more competitive Europe.
• 8 markets
• 5 offices
A letter from the CEO, Annual Report 2025
A year of triple milestones
Becoming the Bank of Entrepreneurship
As we conclude 2025, I can with great confidence state that this has been a transformative year for 0TO9. We have successfully navigated a strategic pivot, transitioning from a specialist in consumer credit to a multifaceted European financial ecosystem — the “Bank of Entrepreneurship.”
2025 marked our formal emergence as a European venture builder and investor. This evolution was mirrored by the rebranding of our core pillar, Plus 1 (formerly Nstart). Together, these initiatives have performed beyond our projections. With the successful launch of Nordkronan, Fuels, and Flow & Partners, we now steward a diversified portfolio that spans consumer, real estate, and corporate credit sectors.
A European Platform for Visionaries
During the past year, we have solidified our position as a pan-European actor. 0TO9 is today a financial group dedicated to supporting exceptional entrepreneurs in building world-class financial institutions. A key milestone in this journey was our entry into the heart of the continent, with the establishment of our Berlin office. This presence brings us closer to a market of 450 million Europeans. Furthermore, we have taken an active role in shaping the future of our industry, submitting formal proposals to the EU regarding the transition from 27 fragmented markets toward a unified European financial landscape.
Tord Topsholm
CEO 0TO9
“100 MSEK in earnings, a team of over 100 employees, and growth exceeding 100%. 0TO9 has reached a new stage of maturity.”
Tord Topsholm, CEO 0TO9
Financial Resilience and Proven Scalability
The most notable development remains our financial performance. Following a 2024 characterised by significant capital investment, 0TO9 returned to a position of strong profitability in 2025. Group earnings before tax amounted to 93.2 MSEK, a significant shift from the previous year’s -5.3 MSEK. Our trajectory is clearly reflected in our key metrics:
- Net Interest Income strengthened significantly to 44.9 MSEK (15.1 MSEK).
- Net Commission Income showed exceptional progression, reaching 267.4 MSEK (81.1 MSEK). This is driven by our strategic blend of direct lending and mediated credit, which generates stable revenue streams while maintaining a disciplined balance sheet.
The Human Capital Behind our Success
The foundation of our progress resides in our ability to attract and retain extraordinary talent. Over the course of the year, we have expanded our team from approximately 50 employees to over 100 at the close of 2025. By curating teams with specialised expertise in technology, credit analysis, brand, and entrepreneurship, we have built the structural scalability required to meet our long-term ambitions.
Outlook
While we leave a record-breaking year behind us, the journey of 0TO9 is only just beginning. We stand today financially and structurally more robust than ever, providing a solid vantage point from which to scale our operations further. With a proven business architecture, a seasoned leadership team, and a diversified portfolio, our objective remains to double our volumes once again as we continue to architect the financial services of tomorrow.
Group Management Team
Andreas Gomm
Chief Technology Officer
Anna Fyrklund
Chief Compliance Officer
Daniel Gleisner
Chief Risk Officer
Erik Bäckström
Deputy Chief Executive Officer
Filip Hildebrandt
Chief Operating Officer
Jesper Engman
Head of Credit
Malin Indal
Talent Lead
Mina-Niqole Sandberg
Chief of Staff
Nicole Norrestad
Chief Legal Officer
Niklas Bergman
Chief Strategy Officer and Head of M&A
Oskar Hjärtemyr
Interim Chief Financial Officer
Sanna Altun
Chief Product Officer
Siduri Poli
Chief Marketing Officer
Tord Topsholm
CEO
Board of Directors
Investor Relations
Financial reports, corporate governance, and regulatory disclosures for 0TO9’s bondholders and other stakeholders.
People, businesses and ideas moving finance forward.
