CapitalBox enlists new Strategy Officer eyeing further expansion

credit: Shutterstock
credit: Shutterstock

European fintech CapitalBox has appointed Nemira Palamiené as its new Chief Strategy & Growth Officer to oversee strategic expansion across the continent. 

Palamiené will also be tasked with partnership management and product development in a bid to expand CapitalBox’s expansion efforts in both partnerships and M&A. 

She will be behind the offering of CapitalBox’s lending solutions as an embedded, white-label service and introducing factoring and revenue-based financing. 

With offices in Sweden, Finland, the Netherlands, Lithuania and Denmark, CapitalBox aims to serve the financially underserved SMEs within the European Union. The fintech company provides SMEs with capital using a fully digital suite of lending applications and management tools.

Palamiené will also continue scaling the company’s recently-introduced purchase of invoices products, by making day-to-day banking services as convenient and manageable as possible for SMEs. 

She commented on her new appointment: “It’s exciting to join CapitalBox at a time like this in the alternative lending sector, when we’re seeing an increased demand for human interactions alongside huge AI improvements that make lending more seamless than ever. Finding this balance will be integral to my work here. 

“Beyond that, I’m ready to spearhead product development and mutually beneficial partnerships that will make this company even better at what it already does well. There’s a common thread through my professional life of working directly to address the financing gap for SMEs in Europe, and I can’t think of anywhere better to continue that work than here.”

Palaimienė worked within the Baltic financial sector at Nordea Finance Baltic, where she served as Deputy CEO and Member of the Baltic Management Team. In 2019, she moved on as the CEO and Board Member of European Merchant Bank, where Palaimienė spearheaded the launch of neobank activities.