Investors – Capfore

CapFore manages bank-originated, unsecured consumer NPL portfolios on behalf of the institutions that own them. We handle the portfolio across the full recovery cycle: sourcing, due diligence, data migration, collection, legal enforcement and reporting. We do not invest in portfolios ourselves. Our institutional capital partners provide the capital and hold the position.

For banks and lenders

Our role in a portfolio sale

We work with banks and lenders selling unsecured consumer non-performing loans. That covers one-off transactions, carve-outs and forward flow agreements.

We handle the buy-side work for our capital partners: analysing the data tape, modelling the expected recoveries and completing the due diligence. After closing we migrate the data and service the portfolio through the full recovery cycle. The seller deals with one counterparty from first contact to final report.

What this means for the seller

A higher price for the same portfolio. A bid is capped by what the portfolio will cost to collect. Ours costs less, so more of the recovery value goes into the price instead of into servicing fees.

No conflict of interest. CapFore does not buy portfolios. We are not a competing bidder in a process we are also advising on.

Our own technology. Data analysis, portfolio transfer and collection all run on a platform CapFore built and owns. Automation handles the routine work at each step, which is what keeps the cost of servicing low.

For investors, NPL portfolio purchasers and collection agencies

Servicing for portfolio owners and acquirers

We service portfolios for institutional investors, credit funds and debt collection agencies. The mandate covers sourcing and pricing analysis before an acquisition, and collection, enforcement and reporting after it.

The cost of servicing is the largest single variable in the net return on an unsecured consumer NPL portfolio, and our platform is built to keep it low. An owner that already holds a portfolio can outsource the servicing to us without selling it: ownership stays where it is, the cost of collecting falls, and no new capital is deployed. For a collection agency carrying its own back book, this is the fastest available improvement to the return on assets it already owns.

Regulation and compliance

Authorised in Finland and Norway, passported into Sweden

CapFore operates as a credit servicer under Directive (EU) 2021/2167, the Credit Servicers Directive, which sets one authorisation and supervision standard for servicing bank-originated non-performing loans across the EU. Our home authorisation is Finnish, and under the directive it extends to other EU Member States without a separate licence in each one. Norway sits outside that framework for now, so we hold a separate national authorisation there. The result is that every market we operate in is supervised, and two regulators have authorised us on their own assessment.

Authorisation. CapFore Oy is authorised as a credit servicer by Finanssivalvonta, the Finnish Financial Supervisory Authority, under Directive (EU) 2021/2167. We are separately registered as a debt collection operator with the Regional State Administrative Agency of Finland, which regulates collection activity itself.

Sweden. Our Finnish authorisation is passported into Sweden under the directive, with Finansinspektionen as host-state supervisor. No separate Swedish licence is required.

Governance. Compliance, reporting and risk controls are built to the standard expected of a regulated banking counterparty, and have been reviewed in full institutional due diligence.

We operate in the following countries

Capfore serves its customers across the Nordic and Baltic countries. We will expand our operations into Central Europe during 2027.

Where we operate

Finland, Sweden

Coming soon

Norway, Poland

About CapFore

The company and the people running it

CapFore was founded in 2024 by Joona Hertola and Lauri Kosloff, who remain its principal owners. Lauri Kosloff is Chief Executive Officer and Joona Hertola is Chairman of the Board. We operate from Helsinki and Gothenburg and serve Finland and Sweden, with Norway and Poland from early 2027.

Both founders have worked in this industry since 2012. Our team has worked at Intrum, Myntro, PayEx, and CreditVisor, where they built and ran NPL businesses before starting this one. The company is run to institutional standards: banking-grade compliance, reporting and risk control, and a technology platform owned outright.