MIKAEL GELLBÄCK — Nordiska An idea few understood at the time.
A banking licence in four months. And a blank sheet of paper instead of Söderberg & Partners. Mikael Gellbäck left the company he co-founded to build a bank from scratch — today Nordiska has 10.7 MDSEK in lending, grew its operating income by 32 per cent in Q1 2026, has a return on equity of 17 per cent and a market value of 1.68 MDSEK.
In this episode we talk about what he saw that no one else did, how Nordiska got its banking licence faster than is usual in the industry, the balance between four business areas, the acquisition of Bliq AB and the route out into Europe via Card-as-a-Service — in Mikael's first ever podcast appearance.
The Nordiska share can be traded on the unlisted secondary market via Eqvor's platform.
