Volvo Group’s CampX Expands Innovation Focus to Fintech

Volvo Group’s innovation hub, CampX, has broadened its focus to include financial technology, or fintech. The move is expected to accelerate the transition to sustainable transport solutions by exploring new ways of working with customers and changing how they can use the Volvo Group’s products and services. 

Fintech is already transforming the financial services industry, by enhancing collaboration and connectivity between stakeholders, and improving the accessibility and dynamism of insurance products. CampX, which operates in three tracks – incubator, accelerator, and venture builder – has already hosted more than 50 startups as they developed their innovative ideas in connectivity, electromobility, automation, sustainability, and now fintech. 

Volvo Financial Services, the captive finance arm of the Volvo Group, offers financial services and solutions that cater to the current needs of businesses while continuously innovating to meet the changing world’s demands. Through innovation, Volvo Financial Services helps customers acquire sustainable transport and equipment solutions while having a positive and lasting impact on the environment.