Tagged: sweden

FundedByMe Implements Stripe to Facilitate Smaller Transactions

Investment crowdfunding platform FundedByMe has added Stripe to its platform to more easily facilitate smaller transactions. The recently listed company said in a release: This to solve the complexity of the numerous smaller transactions in equity crowdfunding. During 2018 the smallest investment on the platform… Read More

Fintech Friendly Bank Nordea May Get Sucked into Money Laundering Scandal

Nordea Bank may be the next Scandinavian bank to get sucked into the money laundering scandal. Bloomberg is reporting that an upcoming broadcast that may reveal more details on money laundering have caused shares to drop. Apparently, a broadcast that will air by tomorrow will… Read More

Investment Crowdfunding Platform FundedByMe to List Shares on Nordic Growth Market

Sweden based FundedByMe has received approval to list its shares on the Nordic Growth Market (NGM), a regulated exchange that operates in Sweden, Finland, Denmark, and Norway. NGM is a wholly-owned subsidiary of Boerse Stuttgart. Shares in FundedByMe will commence trading on Friday, March 8, 2019 under… Read More

Swedish Fintech Tink Secures €56 Million Through Latest Investment Round Led By Insight Venture Partners

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it secured €56 million through its investment round, which was led by Insight Venture Partners. Founded in 2012, Tink stated its mission is to make banking “better” by creating technology to improve… Read More

Updated: Uniti Surpasses £1.2 Million During the Final Days on Crowdcube

Uniti, a Sweden founded electric car manufacturer, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.2 million in funding from over 1900 investors. The company launched the round in December, originally seeking £1 million for a 1.02% equity stake in the… Read More

Scammers Selling “E-Krona,” Warns Swedish National Bank. There Isn’t One

The Riksbank of Sweden has issued a warning to the public that, “On certain websites and in social media, false information is circulating claiming that the Riksbank is selling e-kronas.” The Riksbank also says it has been contacted by individuals saying they have been solicited… Read More

Overfunding: Uniti Scores £1 Million Funding Target Through Crowdcube Round

Uniti, the Sweden founded electric car manufacturer, has secured its initial £1 million equity crowdfunding target on Crowdcube. The round was launched last month and has attracted more than 1450 investors. The funding round is reportedly part of a larger €30 million round that is expected… Read More

Uniti Promotes “Green Vision” as Crowdfunding Campaign Continues on Crowdcube

Electric car concept Uniti is promoting their “Brexit proof” approach and green cred as the company’s most recent crowdfunding campaign continues on Crowdcube. Uniti recently touted its “bold strategic next step in sustainable electric vehicle production. The company is also expected to pursue “Mobility-As-A-Service” in… Read More

Nordic Healthtech Naava Crowdfunds on Invesdor in Advance of Expected IPO

Nordic healthtech company Naava is looking to raise up to €2.5 million on Finland based Invesdor crowdfunding platform. The company recently said this funding is in advance of a planned initial public offering (IPO) that management intends on pursuing around 2020 or 2021. This is not… Read More

Investment Crowdfunding Platform FundedByMe Expands into the Netherlands

Sweden based FundedByMe has expanded into the Netherlands. The company is opening a new office and has hired Mikael Royson to manage the operations. FundedByMe says the expansion is part of a broader strategy of boosting its position in the European marketplace. Kristin Svärd, Head… Read More

FundedByME: When Uniti First Crowdfunded it was Valued at €9.8 Million. Today, Uniti is Valued at €109 Million

Investment Crowdfunding Success. Global crowdfunding platform FundedByMe is out with a note commenting on the rise of Uniti. Uniti is an electric car manufacturer startup that started in Sweden. Uniti first launched in 2015, is the creation of entrepreneur Lewis Horne.  Uniti is an electric city… Read More

Crypto Mining in Sweden Stalls in Bear Market

The prolonged bear market of 2018 appears to have affected two cryptocurrency mining operations in the county of Norbotten,Sweden, Sverige Radio reports. Power officials in the town of Älvsbyn are suing Miami-based company NGDC for millions in unpaid electricity bills, and the municipality of Kalix is looking… Read More

Swedish Man Accused of Sending Bomb to London Cryptopay Exchange Jailed for 6 Years

A Swedish man has been sentenced to 6 years in prison for sending a “viable” mail bomb to the Lond0n-based cryptocurrency exchange Cryptopay after an exchange employee refused to change the man’s password. Jermu Michael Salonen, 43, received an additional six months detention for mailing… Read More

Crowdfunded Electric Car Uniti Plans Crowdcube Campaign as it Expands into UK

Uniti, an electric car that was developed in Sweden, is planning to raise capital on Crowdcube as it expands into the United Kingdom. In 2016, Uniti sold equity on FundedByMe a valuation of €9.8 million. The following year, Uniti launched a self-crowdfunding campaign that received the backing… Read More

H&M Invests in Payment Fintech Klarna, Enters Into Global Partnership

Global retailer H&M has invested in Swedish payments Fintech Klarna. According to reports, H&M invested $20 million in Klarna, a company that has now raised over $680 million. Additionally, H&M announced a new global partnership in a release posted on its site. and Klarna will… Read More

P2P Lending Marketplace Mintos Partners with Payments Company Trustly

Mintos, an online marketplace for peer to peer loans for retail investors, has partnered with European payments Fintech Trustly. Founded in 2008, Trustly Group AB is a Swedish Fintech firm. Mintos will now allow investors to transfer funds in real time from banks in 29 different… Read More

Nordea Announcement: Open Banking Goes Live in Sweden

European financial group Nordea announced on Friday the launch of its open banking services in Sweden. According to the company, the open banking launch gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. Nordea reportedly launched the Open Banking platform… Read More

US Securities and Exchange Commission Suspends Trading in OTC Listed Ether Tracker One & Bitcoin Tracker One

The Securities and Exchange Commission (SEC) issued a temporary suspension of trading of two cryptocurrency related securities. Both the Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) traded on OTC Markets saw trading halted as ordered by the SEC. The temporary suspension went into effect… Read More

FundedByMe Reports Strong Growth for 6 Months in Semi Annual Report

FundedByMe, a European investment crowdfunding platform, has published semi-annual numbers that indicate strong growth. According to the company, during the first 6 months of 2018, FundedByMe saw top line revenue increase by 495%. The company called the report  a “very successful first 6 months, with… Read More

FundedByMe Appoints Emma Leven as Group CFO

FundedByMe, a multi-national investment crowdfunding platform, has appointed Emma Levén as the new group CFO. This new role is part of FundedByMe’s ongoing expansion plans. Levén, previously CFO at Swedeltaco AB, has a background in international growth and public offerings and is described as a… Read More

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