Kravia, a Norwegian fintech and debt collection firm, has acquired PayQ, a Netherlands-based collection platform, and has established Kravia Netherlands as part of the deal. The acquisition is Kravia’s first step outside the Nordic region and is intended to serve as a platform for growth in the Dutch market.
The company said the move will strengthen its capabilities in invoice follow-up and debt collection across Europe. Kravia has recorded an annual growth rate of 44 percent over the past five years and plans further country expansion as part of its growth strategy.