Norion Bank has issued a financing facility worth €15 million to Vapaus, an employee mobility benefits provider based in Helsinki. The money will support the company’s market presence in Finland and its growth throughout Sweden.
Vapaus’s net revenues jumped from €4.5 million in 2021 to over €30 million in 2023, the business reports.
Employers can choose a version of Vapaus that is possibly healthier than other modes of transportation.
Customers of Vapaus and their subsequent beneficiaries “own” their ride for the duration of the service, with the opportunity to buy the vehicle after a predetermined amount of time, in contrast to bike subscriptions or e-mobility ride-sharing services.
Numerous partner networks offer a variety of cycles, enabling riders to choose the bike of their choice and claim a personal employee benefit as part of their income without having to pay tax on the first €100 each month.
totalbulletin
15/02/2024
