Brixo, a Swedish fintech company, offers digital private loans and account credits to individuals in Sweden. Established in 2014, it operates under the supervision of the Swedish Financial Supervisory Authority. Brixo’s product portfolio includes loans ranging from SEK 10,000 to SEK 75,000 with payment periods between 36 and 72 months. They emphasize a straightforward application process, with decisions typically made within 24 hours and funds disbursed the same day approval is granted.

The company provides various loan types, including short-term, long-term, and personal loans. Interest rates for these loans are set at 23.40%. Brixo differentiates itself by not using UC (Upplysningscentralen) for credit checks, opting instead for alternative sources like Bisnode. This approach allows for the possibility of loan approval for individuals with payment remarks, focusing more on the applicant’s current ability to repay rather than their financial history.

Brixo’s operations reflect a commitment to responsible lending, adhering to good credit practices. Their credit assessments are thorough, utilizing a well-tuned regulatory framework and a proprietary lending system to ensure loans are granted only to those with sufficient repayment capacity. Information from external sources, including PSD2 and Open Banking data, is also considered in their credit decisions.

In addition to its primary offerings, Brixo’s portfolio includes other brands like Flexkontot, Merax, and Kontantfinans, providing a range of credit options from high-cost to low-cost credits. The company’s transparent pricing model does not include hidden fees. Brixo has also expanded through acquisitions, adding larger loans of up to SEK 400,000 with interest rates starting from 3.8% to its product range.

For consumers considering Brixo’s services, it’s important to note the company’s emphasis on flexible repayment terms and the lack of setup fees or hidden charges. Their approach to lending aims to accommodate a wide range of financial needs, catering to individuals seeking straightforward, digital financial solutions in Sweden.