Through this acquisition Folkia AS becomes part of the NASDAQ listed consumer finance group, Dollar Financial Corp.
Folkia was founded in Sweden in 2006 by the entrepreneur Hördur Bender, who has founded and sold several companies, including Mr Jet within the airline travel industry. Folkia is a leading company within small consumer loans in the Nordic area. The company has grown rapidly and will now play an important part in the continued European expansion of Dollar Financial Corp (DFC). DFC has been a leading company in small consumer loans for over 30 years, along with providing a number of other financial services to consumer markets in the USA, Canada, Great Britain and Poland. The acquisition of Folkia will expand DFC’s operations to include markets in the Nordic countries and parts of the Baltic’s.

 ‘DFC has worked within the consumer credit area for more than 30 years and operates in several countries where standards for consumer protection are high. This ensures an...