Enfuce and Avida achieve record-breaking Nordic card migration
Over 500,000 customers migrated in just seven months with zero downtime, setting a new standard for complex portfolio transitions in the Nordics.
Web Summit, Lisbon – November 13 2025 – Card issuing and processing powerhouse Enfuce has successfully partnered with Avida, the Swedish consumer and SME financing specialist, to deliver one of the largest and fastest credit card migrations ever completed in the Nordics.
In just seven months, from contract signing in February to full completion by October 2025, Avida and Enfuce successfully migrated more than 500,000 customers, including 556,039 consumer credit cards and 94,009 installment plans, all delivered seamlessly, with no service disruption.
The migration followed Avida’s 2024 acquisition of Santander’s sales finance and credit card portfolio in Norway and Sweden, with Enfuce selected to integrate the portfolio into Avida’s existing ecosystem while ensuring a seamless transition for all customers.
Setting a new benchmark for large-scale migrations.
Completing a migration of this scale in just seven months sets a new benchmark for the Nordic region. From contract signing to full delivery, the project was executed with exceptional speed and precision.
Despite the complexity, including the migration of digital wallets like Apple Pay and Google Pay, the transition was completed with zero downtime, ensuring uninterrupted service for customers throughout. This achievement reflects the strength of the partnership between Avida and Enfuce, and the proven effectiveness of Enfuce’s structured migration model.
Precision in every step.
The success of this migration is a testament to the effectiveness of Enfuce’s structured seven-step migration process. Built on meticulous planning, rigorous testing, and close collaboration, the framework ensures that every stage, from data mapping to go-live, is executed safely, efficiently, and with absolute precision.
Completing one of the most complex migrations in Enfuce’s history in record time is a clear demonstration of the scalability and strength of its modular, cloud-native platform. For Avida’s customers, the outcome is a smooth, uninterrupted credit experience across both digital and physical channels, powered by secure, future-ready technology.
This project marks a significant milestone for both companies and builds on Enfuce’s strong momentum through 2025, a year defined by new partnerships and market launches. Looking ahead to 2026, this success underscores Enfuce’s strategic focus on deepening its European footprint, supporting financial institutions with smooth digital transformation journeys, and proving that even the most challenging migrations can be done safely and seamlessly.
Denise Johansson, Co-Founder and Co-CEO of Enfuce, said: “This migration was a strategic and operational milestone, not only for its scale and speed, but for the remarkable collaboration that made it possible. Both the Avida and Enfuce teams worked side by side, combining expertise, determination, and trust to build something of a scale neither of us had done before. It’s a true demonstration of what strong partnerships can achieve.”
Monika Liikamaa, Co-Founder and Co-CEO of Enfuce, said: “This was one of the most complex migrations we’ve ever undertaken, half a million customers, two markets, multiple product types, and we delivered it in record time, with zero downtime. That’s not luck; it’s the result of our proven migration model combined with the dedication and teamwork from both sides. Avida and Enfuce pushed boundaries together, showing what’s possible when you share a vision and work as one.”
Mikael Johansson CEO of Avida, said: “I am genuinely impressed by the dedication and professionalism shown by both the Avida and Enfuce teams. From the very beginning, the cooperation has been characterized by a positive atmosphere and strong teamwork. Dedicated to deliver. Successfully migrating a card portfolio of this scale in such a short time is a remarkable achievement.”
About Enfuce
Founded in 2016, Enfuce is a female-founded and led company with a unique vision: to bring the brightest minds and the best technology together to break down the barriers to prosperity. As a leading global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities, Enfuce is one of Finland’s most valuable scaleups, and is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud.
By focusing on collaboration, Enfuce is able to efficiently provide customers with cutting edge features – offering in-house experts and white labelled technology to help companies create scalable payment solutions with ease. Supporting debit, credit, prepaid, gift, fleet and fuel card programmes in any form – for consumer, commercial and B2B applications – Enfuce’s no-nonsense approach helps customers create bespoke payment solutions that are flexible, scalable and secure.
Holding an Electronic Money Institution (EMI) licence from the Finnish FSA and from the UK’s Financial Conduct Authority (FCA), enabling operations across Europe and the UK, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programmes and integration with digital wallets. Enfuce has raised €73.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution, 2022 FF Award for Mobile Payments and the 2023 FF Award for Authentic ESG. Propelled by the forward-looking vision of its Co-CEOs and Nordic ingenuity, Enfuce is set to expand globally, shaping the future of payment solutions.
About Avida
Avida is a credit market company under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). Since its founding in 1983, Avida has focused on providing financing services to businesses, consumer lending, and deposit accounts for the general public. Avida has approximately 170 employees, with its head office in Sweden and branches in Norway and Finland. The company also operates cross-border services in Belgium, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Austria, and Poland, serving customers in these countries. Avida’s business idea is to offer competitive financial products for businesses and private individuals seeking loans, financing, or savings solutions at attractive interest rates. The aim is to support both large and small financial needs in everyday life – as an alternative to traditional Banks.
At the turn of the year 2024/2025, Avida acquired the credit card operations in Sweden and Norway from Santander Consumer Bank AS, as well as the sales finance business previously operated by Santander in cooperation with Elkjøp in Norway and Elgiganten in Sweden.This acquisition added approximately 500,000 new retail customers and now forms the foundation of Avida’s consumer offering. Avida is majority-owned (over 64%) by Kohlberg Kravis & Roberts (KKR), one of the world’s leading investment firms. The company has two bonds listed on Nasdaq Stockholm.
