Northmill Bank

Northmill Bank: Origin and Ownership

Northmill Bank is a prominent Swedish neobank founded in 2006 by George Jabbour, Hasan Bakhtiari, and Hikmet Ego. Originally established as a fintech company focusing on credit and lending solutions, it has since expanded into a full-scale digital bank with a mission to simplify financial life for its users through innovative technology and customer-centric products.

Headquartered in Stockholm, the bank operates primarily in the Nordic region, including Sweden and Norway. Northmill Bank AB was granted its Swedish banking license in 2019, allowing it to offer deposit accounts and a broader range of financial services. Unlike traditional banks, it remains a tech-first institution that develops its proprietary platforms in-house.

Northmill is privately held, with its ultimate ownership residing within the Northmill Group AB. The founding partners and early investors continue to hold significant stakes in the company, ensuring that the brand maintains its original vision of leveraging automation and data to provide fair and transparent financial services. As of 2026, the company continues to focus on European expansion and the integration of AI-driven financial management tools.