Fintech company Nowonomics has entered into a conditional credit agreement with the company's largest shareholder Gomobile for a credit line of up to SEK 10 million. This is stated in a press release.

In connection with the conclusion of the credit agreement, the company and the lender have also entered into a pledge agreement regarding the pledge of the shares in the wholly owned subsidiary Nowo Fund Management in favor of the lender as security for the loans that may be disbursed under the credit facility.

The transaction is a related party transaction subject to approval by an extraordinary general meeting.

The credit facility is primarily intended to be used to repay the loan raised under the existing credit facility issued by Formue Nord Fokus in accordance with the loan agreement entered into on March 6, 2023.