The first step was factoring services for companies, then invoice and partial payment for consumer purchases, then with mail order trading as a distributor. Later, e-commerce has been the main target group, but retail chains are also represented. For private individuals loans without collateral and savings accounts were added.
Product development has been gradually adapted to customer needs and market demand. In 2010, Collector Bank introduced credit cards to its offering. Corporate loans to factoring customers were added to the factoring services. In 2013, real estate loans were introduced in the form of junior loans for professional real estate players, and today the offer largely also includes senior loans.
In May 2015, Collector Bank received permission to conduct banking operations and in June 2015, the parent company Collector AB conducted an IPO on Nasdaq Stockholm.