Enhanced Cooperative, a Danish firm renowned for crafting platforms that enlighten users regarding the internet gambling sector (iGaming), has obtained supplementary capital to propel its expansion plan, which significantly depends on mergers and acquisitions.
They’ve secured a substantial credit agreement valued at $41.3 million from Nordea Bank. This augments an existing arrangement with Danske Bank for $12.16 million. With these transactions, Enhanced Cooperative now commands a remarkable $53.46 million prepared for absorbing other businesses.
This financial impetus represents an extension of Enhanced Cooperative’s robust partnership with Nordea Bank, initiated back in 2017. The loan interest rates are established at customary banking conditions.
Jesper Søgaard, the Chief Executive Officer and originator of Enhanced Cooperative, conveyed his enthusiasm, proclaiming, “We’re experiencing a surge! We effectively integrated eight companies in 2017 and two more already in 2018. This capital infusion enables us to maintain momentum and reinforce our standing as the leader in the European iGaming affiliate market.”
