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Business Description
Vend Marketplaces ASA (Vend) is a Nordic online marketplaces, that connects users with services and products across sectors such as Mobility, Real Estate, Jobs, and Recommerce. It is also involved in diversified businesses, such as e-commerce, real estate, mobility and delivery. The company facilitates transactions through its digital platforms, manages delivery services, distributing newspapers and parcels. The company operates under the brand names of FINN, Blocket, Bytbil, Nettbil and AutoVex.
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R&D Overview
Vend's R&D arm focuses on unifying technical solutions across markets to enable faster feature rollouts, improved stability, and a consistent user experience. The company prioritizes infrastructure and simplification to support faster development and enhanced cost control. As part of innovation efforts, Vend Marketplaces focuses on artificial intelligence (AI), and platforms development. Vend has expanded the use of machine learning and artificial intelligence, integrating these technologies into areas such as smarter recommendations, natural language searches, and automated content creation. The company plans to leverage first-party data to train niche models tailored to marketplace-specific use cases and deploys AI-based tools internally to streamline workflows like coding and data analysis. The company's internal research advances proprietary language models, focusing on natural language searches, generative AI for recommendations, and optimization for the company's business context. In FY2024, the company incurred an expense of NOK132 million, which stood as 1.7% of company’s total revenue.
Business Segments
Overview
Offers equal job opportunities, serving industries related to employment and recruitment. It operates primarily in Norway, with a mission to ensure no talent is lost and to offer the best jobs marketplace for candidates and customers. Operates under FINN brand.
Performance
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Overview
Provides digital platforms that connect buyers and sellers in the used car market. It serves the automotive industry across Norway, Sweden, and Denmark. Major brands include FINN, Blocket, Bytbil, Bilinfo, and Bilbasen.
Performance
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Overview
Offers second-hand trade. It serves industries related to consumer goods and sustainability. The geographic regions served include the Nordic countries: Norway, Sweden, Finland, and Denmark. Prominent key brands associated with this segment are FINN, Tori, DBA, and Blocket.
Performance
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Overview
Offers media distribution and ecommerce parcel deliveries in Norway. It serves industries related to second-hand goods and fresh food delivery. Provides under Helthjem and Morgenlevering brands name.
Performance
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Overview
Include operations comprising the company’s headquarters Schibsted ASA and centralised functions such as product and technology.
Performance
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Overview
Offers digital platforms that facilitate buying, selling, and renting homes. It serves the real estate industry across Norway, Finland, and Sweden. Major brands include FINN, Oikotie, Blocket, Qasa, HomeQ.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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