Borgo

About Borgo

Borgo is a Swedish mortgage company that leverages a modern digital platform to offer competitive mortgage rates. The company also provides savings accounts that are covered by the state deposit guarantee, providing a secure savings option for its customers. Borgo operates as a partnership-based mortgage provider, distributing its mortgage products through a network of partners including ICA Banken, Ikano Bank, Sparbanken Syd, Söderberg & Partners, and Ålandsbanken. This distribution model allows Borgo to reach a broad customer base through established financial institutions and intermediaries.

The company was founded in 2018 and is led by CEO Martin Källkvist. It is owned by a consortium of financial players: ICA Banken, Ikano Bank, Söderberg & Partners, Ålandsbanken, and Sparbanken Syd, along with other financial investors. This ownership structure provides Borgo with significant financial backing and a strong distribution network from its inception. Borgo is authorized to conduct financing activities and issue covered bonds, operating under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen).

Borgo's business model focuses on generating revenue through the interest on mortgages. By using a digital platform for its operations, the company aims to maintain efficiency and offer market-leading interest rates to attract and retain customers. Its target market consists of Swedish homeowners and prospective buyers seeking mortgage financing, as well as individuals looking for secure savings options. The collaboration with its owner banks and partners is a key component of its strategy, enabling it to offer its products to the partners' existing customer bases.