As of November 28, Vilja is expanding its business to include deposit services in Poland. The regulated credit market company Hoist Finance has launched a savings offering to the general public in Poland under the HoistSpar brand, supported by Vilja Deposit.

Vilja Deposit is supporting Hoist Finance’s new offering of deposit solutions to the Polish market. By providing state-of-the-art technical solutions, Vilja is supporting Hoist Finance in executing on their funding strategy, which now also includes deposits in Polish zloty. Vilja Deposit aggregates Hoist's internal administration and ensures correct reconciliation. In addition, the solution compiles all reporting to the relevant supervisory authorities to stay compliant.

“We are happy to be able to offer saving accounts at competitive rates to the general public in Poland. This is an important step in executing on our long-term funding strategy and in line with our expansion going forward. Vilja Platform supports us to leverage a seamless and automated solution and thereby achieving improved scalability and operational efficiency” says Max Ehrengren, Head of Treasury at Hoist Finance.

“We are proud of the continued trust and our ongoing growth journey together with Hoist Finance. Our presence in Poland marks a significant milestone, representing another important step in our expansion strategy” continues Fredrik Ulvenholm, CEO at Vilja.