CampX focuses on fintech as Volvo Group looks to cultivate more transformation in the transport industry

CampX by Volvo Group says it has recently expanded its innovation focus areas to include financial technology, or fintech. 

In February CampX by Volvo Group kicked off a new Incubator track in Gothenburg in Sweden for early-stage start-ups with promising cutting-edge technologies. 

“Our industry is undergoing a profound transformation, both in terms of the products we help customers acquire and through different business models that make it easier for customers to succeed in their business,” says Allen Atchley, senior vice president, strategy and innovation at Volvo Financial Services. “With this new focus area under the CampX umbrella, we have a tremendous opportunity to cultivate new, disruptive innovations that will not only speed up the transition to sustainable, fossil-free transport, but also create value for our customers and the Volvo Group.”

CampX supports innovation through its incubators, accelerators and venture builders. Since 2019, CampX has hosted more than 50 start-ups and it focuses on innovation in connectivity, electro-mobility, automation, sustainability, and now also, fintech.

“The CampX concept has proven itself successful, with strong innovations resulting from collaboration,” says Helene Niklasson, Head of CampX by Volvo Group. “Now with fintech as a focus area, we will even better support our customers with productivity and sustainable solutions.”