SaveLend Agrees to Acquire Refino AB's Debt Consolidation Loan Business

Sweden-listed fintech company SaveLend Group (YIELD.ST) conditionally agreed to acquire the debt consolidation loan business of Refino AB. The operations are scheduled to be transferred on Aug. 1, and the deal does not include a purchase consideration, according to a Thursday release. Refino will receive an ongoing royalty of 45% of the target business's pre-tax profit from Aug. 1, 2026, to July 31, 2032. Additionally, Refino AB will invest in SaveLend through a convertible instrument.