Swedish fintech Northmill insures its customers with new loan insurance platform

Northmill

Hikmet Ego, CEO, & co-founder at Northmill

Northmill, a Sweden-based fintech, has announced the release of a loan insurance platform aimed at its financial management product Rebilla’s customers.

“We have made long-term investments in our advanced and in-house developed technology platform which means that we can develop very competitive and tailored products, and at the same time stand prepared and innovate the insurance products of the future, said Hikmet Ego, CEO, and co-founder at Northmill.

According to the fintech, the loan insurance takes up the users’ monthly payments during the period of sickness or unemployment up to a year in a bid to withhold the same standard of living during times of irregularity.

“We are constantly exploring with new technology and believe that we in a longer perspective, will be part of re-shaping the insurance industry in the same way that we are about to do with the finance industry. For us, technology has always been in the center and we are convinced that we through new technology will be able to create even better products for the policyholder of the future. We have seen that our insurance products are very much appreciated and we are happy to be able to continue to bring stability and safety to our Rebilla customers”, said Simon Nilsson, Chief Customer Officer, and Product Owner Insurance at Northmill.

The fintech has recently launched two new products under the brand Rebilla, i.e. Rebilla Reduce and Rebilla Rewards. Rebilla Reduce enables users to lower their interest rates on existing credits, partial payments, and credit card bills. Rebilla Rewards is a rewards program that allows customers to reduce interest rates every time they pay their invoice on time.

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