Minna Technologies, a Sweden-based subscription software management business, has secured €15.5 million through its Series B investment round, which was reportedly led by Element Ventures, with participation from MiddleGame Ventures, Nineyards Equity, and Visa,
Launched in 2016, Minna Technologies is an FSA authorized FinTech partner (AISP & PISP) helping retail banks and subscription providers reach new business success. Our leading subscription management solutions are live in six European markets powering 18.7 million active digital banking users.
“The subscription economy is one of the largest megatrends in society – transforming personal finance. It makes life easier for consumers, but it also introduces new challenges. We believe that subscription management is the area where banks have the best opportunities to meet new customer needs and add new revenue streams.”
According to EU-Startups, the Series B funds takes the total amount raised by Minna Technologies to more than €23 million. The funds will notably be used to scale the company’s technology and expand its services to more customers around the globe. Speaking about the investment, Joakim Sjöblom, CEO and Co-Founder of Minna Technologies, added:
“This new funding will help us take Minna across the globe to reach more banks and customers than before, and we look forward to working with Element Ventures to achieve our next period of growth.”