Case Study: Aprila Bank becomes Norway’s first real-time factoring bank with Stacc’s core banking ledger

Aprila Bank - Customer Case Study

The customer, Aprila Bank, a Norwegian digital bank focused on small and medium-sized business (SMB) financing, sought to become the country's first real-time factoring bank. Their challenge was to raise capital and efficiently offer loans and factoring services to the corporate market, an area where they identified a significant need for SMBs. To achieve this, they partnered with vendor Stacc.

Stacc implemented its Core Ledger platform to handle the complete lifecycle of deposits, factoring, invoice purchases, loans, and revolving credits. The solution included a fully automated digital onboarding process with KYC/AML and eID signing. As a result, Aprila Bank was named one of Europe's fastest-growing digital banks, achieving a 68% revenue jump from 2022 to 2023 and a 15% Return on Equity.

Aprila Bank