Tagged: sweden

Stockholm Set to Open Fintech Hub

Flag of Sweden

The Stockholm Fintech Hub, an independent, not-for-profit hub, is set to launch in the first quarter of 2017. The hub’s mission is to accelerate and promote the development of Sweden’s fintech, insurtech, and regtech startups. It was created by Matthew Argent, Partner BLC Advisors, KPMG,… Read More

FundedByMe Awarded License to Operate in Malaysia

scxsc2016-fundedbyme-malaysia

FundedByMe Malaysia has been awarded one of six licenses to operate as a “peer to peer” finance platform in Malaysia.  The announcement came during the Securities Commission Malaysia (SC) conference: SCxSC. Berhormat Datuk Johari Abdul Ghani, the Second Finance Minister of Malaysia, made the announcement… Read More

FrontOffice Shares Jump on Nordic Growth Market Following Crowdfunding Round on FundedByMe

frontoffice-chalkboard-fundedbyme

FrontOffice Nordic AM (FRNT MTF B), a company that conducts corporate restructuring and provides advisory services such as economics, law and finance, raised capital on FundedByMe in early 2016.  FrontOffice raised just shy of €600,000 on FundedByMe. FrontOffice then went on to list its shares… Read More

Wheelys Said to Break Overfunding Record on FundedByMe

Wheelys success

Wheelys Café has just closed their equity crowdfunding round on FundedByMe having raised over €740,000 from 167 investors. The final tally comes after over-funding by 410%, according to FundedByMe. The previous most “overfunded” offer on FundedByMe was for Berries by Astrid that hit 380% of its… Read More

Sweden Update: Crowdfunding Committee is First of its Kind

Swedish Flag painted

Recently the Swedish government announced the creation of a Committee to review the regulatory environment for investment crowdfunding. The former Supreme Court Justice, Severin Blomstrand, was appointed to chair the ten person Committee and oversee the review. The initiative will look into such issues as… Read More

Swedish Government Appoints Commission to Analyze Crowdfunding

per-bolund-press

The Swedish government announced last week it had appointed a commission to investigate crowdfunding and the potential for improved opportunities to provide access to capital. Swedish Finance Minister Per Bolund stated there was a need for innovative solutions for the funding of small and emerging… Read More

Y Combinator Startup Wheelys Cafe Funds in “Record Time” on FundedByMe

Coffee Croissant Breakfast

The Wheelys Café campaign launched on FundedByMe on Monday, June 27th, has confirmed more than €350,000 from 78 investors in the first 18 hours. This is according to information provided by FundedByme. Wheelys Inc is a Swedish Y Combinator startup operating “hi-tech organic bike cafés in 50 countries.”… Read More

FundedByMe Self-Crowdfunding Round Moves into Overfunding as it Tops Goal

stockholm Sweden Fintech companies

FundedByMe has topped its minimum funding goal, according to co-founder and CEO Daniel Daboczy.  In an email, Daboczy stated their crowdfunding for equity hit 102% in 2 weeks. 231 investors will join this round. “We have decided to allow for overfunding and let the round run its… Read More

TrustBuddy Update: Trustee Secures SEK 50 Million. No Embezzlement Uncovered

Trustbuddy Best Yet

TrustBuddy, a peer to peer lending platform that spectacularly collapsed into bankruptcy last year, has been in the hands of bankruptcy trustees since its demise.  The entire saga became a cautionary note on the emerging online lending industry. Trustbuddy, a publicly traded entity, entered a… Read More

First SE Asian Campaign on FundedByMe Hits Goal in 36 Hours

Halal Speed Dating

Sweden-based investment crowdfundin platform FundedByMe messaged its intent to start operations in Southeast Asia with the opening of an office in Singapore several years back. FundedByme became the first European-based platform to receive a license to operate in the region when the Securities Commission Malaysia approved… Read More

Crowdfunded Company FrontOffice Nordic Commences Trading on Swedish Exchange

FrontOffice Nordic AB

FrontOffice Nordic AB (FRNT MTF B) has become the first crowdfunded company to list on a public exchange in Sweden. Earlier this year FrontOffice raised about €600,000 from 183 investors on FundedByMe.  The company went on to apply for a listing on the Nordic Growth Market… Read More

FundedByMe Launches Self Crowdfunding Round

Daniel Daboczy

FundedByMe has opened a self-crowdfunding round seeking to raise a minimum €1 million.  The offer comes after FundedByMe received regulatory approval to become a publicly traded company by the Swedish Companies Registry Office. CEO and co-founder Daniel Daboczy stated; “With the force of more than 500… Read More

FundedByMe Receives Approval to Become a Publicly Traded Company in Sweden

FundedByMe Team

International investment crowdfunding platform FundedByMe has received approval from the Swedish Companies Registry Office to publicly list shares as a limited public company. In a statement today, FundedByMe explained by having over 544 shareholders the company was already complying as if it was a publicly… Read More

FundedByMe Prepares for Upcoming Self-Crowdfunding Round

FundedByMe Team

FundedByMe has announced that it was launching a new (and predicted to be its last) equity crowdfunding campaign as it continues to build upon its international expansion. The investment crowdfunding platform shared: “FundedByMe is growing and has great plans for the future. We will soon invite our users… Read More

Swedish Chili Beverage Company Caliente Seeks Funds on FundedByMe For International Expansion

Caliente 2

This week, Swedish drink brand, Caliente, launched an equity crowdfunding campaign on FundedByMe to raise nearly 3.5 million SEK as it continues its international expansion of its chili-flavored beverages. Caliente is described as a unique chili-infused premium non-alcoholic drink. The beverage is organic and full… Read More

Brief: Sweden FSA Approves FundedByMe’s Loan Making Process

FundedByMe Team

This week, Swedish crowdfunding platform, FundedByMe, announced it has received approval from the FSA for its loan making process. FundedByMe revealed: “In light of the material FSA has received, in the request, judges FSA to FundedByMe Crowdfunding Sweden Aktiebolag [does not] need to take any… Read More

FundedByMe Launches Referral Program for Companies Raising Capital

FundedByMe Team

International investment crowdfunding platform FundedByMe has announced a referral program that may provide a finders fee from €2000 to up to €20,000. Other investment crowdfunding platforms have enacted similar programs to the FundedByMe bounty. The launch of the partner program was described as giving the opportunity to… Read More

Brief: Swedish Fintech Investor NFT Ventures Launches Fund Targeting Finnish Startups

johan lundberg

Swedish fintech investor NFT Ventures is launching a second fund targeting startups in Finland through a partnership with local broadcaster MTV. MTV, owned by the Swedish media conglomerate Bonnier Group, has reportedly invested 150 million krona ($17.5 million) into the fund and will also ensure “nation-wide media… Read More