Stacc is a Norwegian software company that provides a composable, cloud-native credit platform for banks and other lenders. The platform covers loan origination, portfolio management and back-office operations for lending, and it is offered as a service to financial institutions, several of them in the Nordic region. Stacc is headquartered in Bergen and has offices across the Nordics, including Oslo and Stockholm.
Norway is a member of the European Economic Area, so Stacc is established inside the EEA and its processing of personal data is subject to the GDPR. Its largest holding is held by the investment firm Amp Eleven in partnership with Verdane, according to the investor page, and the company does not name a single controlling owner. The sources do not state the hosting provider or data region for customer data. The software is proprietary and cannot be self-hosted by customers. A European bank evaluating it should confirm hosting, sub-processors and exit provisions in the contract.