No, Avida Finance is not a bank. Avida is a credit market company with the right to operate and provide financial services, such as savings accounts, debt collection, factoring, leasing etc. We also offer lending to private customers in the form of private loans and online credits. We abide to Finansinspektionen's () and Finanstilsynet's () supervision.

Even though we currenly don't offer savings accounts for the Finnish market, we of course abide to Finansivalvonta's supervision for the rest of our business operations.