On-line banking services

Bankia Bank (now Santander Consumer Bank) is an Internet based niche bank in Norway offering fee-free Visa credit cards independent of the customers’ other bank account. Bankia also offers no-fee saving accounts with high interest rates. Bankia utilize new web-based and call centre technology to serve its customer base without any physical branch location. The company is based in Oslo and as since 2005 been part of Banco Santander.

• Building a low cost operation less than 20 employees
• Strong growth from zero to more than 100.000 customers over four years

Invested in 2001.
Sold to Banco Santander in 2005 and renamed Santander Consumer Bank
Co-investors: Kistefos Venture Capital

http://www.gebyrfri.no