Mimir acquires PayEx unit to launch FinTech Everspring

By Vriti Gothi

Private investment firm Mimir has acquired a payments and loyalty platform from PayEx, a subsidiary of Swedbank, to establish a new FinTech company, Everspring.

The carve-out brings together an existing customer base, operational team, and a technology platform focused on digital payments, loyalty programmes, and merchant services. The newly formed entity, Everspring, will target expansion across the Nordic region, aiming to simplify payment and value-added service delivery for merchants and partners.

The divested business has historically supported digital services within PayEx, including digital gift cards, value codes, and sector-specific payment and financing solutions. Among its key offerings is Medipay, a healthcare payments solution currently deployed in Norway, with plans to expand into Sweden and other Nordic markets.

The transaction is structured as a long-term partnership, with PayEx retaining a significant minority stake while Mimir assumes majority ownership. The move reflects a broader trend in the FinTech sector where banks are separating non-core or high-growth digital units to enable faster scaling under independent structures.

”Over time, PayEx has built a strong technical infrastructure and a growing base of customers and partners. By establishing Everspring as an independent company, we create the right conditions to accelerate further growth. PayEx remains a committed co-owner and partner, and I look forward to following the company’s continued journey,” said Raymond Klavestad, CEO of PayEx Group. 

“This is exactly the type of platform we look to build and scale,” said Erik Bork, CEO at Mimir. “It combines proven technology, real commercial traction and a clear path to expansion. As a standalone company, we can now accelerate growth, expand into new verticals and scale beyond its current footprint.”

Existing customers and partners will continue to be served without disruption, with all services maintained under the new entity.

The launch of Everspring underscores increasing investor interest in modular, platform-based payment ecosystems, particularly in the Nordics where digital adoption is high and demand for integrated loyalty and payments solutions continues to grow.