Tagged: sweden

Payment Provider Klarna Purchases BillPay

Klarna, one of Europe’s leading payment providers, has acquired Berlin-based BillPay thus expanding its reach in Europe. BillPay operates in Germany, Austria, and Switzerland. Klarna works with 65,000 merchants to offer payment solutions to more than 45 million users in Europe and North America. BillPay was… Read More

Swedish Food Startup Select Cook Seeks SEK500,000 Through FundedByMe Initiative For App Growth & Development

Select Cook, a Swedish startup that connects food lovers through its smartphone app, has recently launched an equity crowdfunding campaign on FundedByMe to raise SEK500,000 as it continues its growth and expansion. The company notably offers an app for both eaters, who are looking for… Read More

Invesdor Updates on Progress in Norway: Three Successful Funding Rounds & Three to Follow

Invesdor is reporting on progress in Norway.  The equity crowdfunding platform set up shop in Norway in February of 2016 becoming the first licensed platform to launch in the country.  All 3 Norwegian companies received investments from several countries notably from Finland, Sweden, and Germany…. Read More

Stockholm Set to Open Fintech Hub

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

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 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 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

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

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

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

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, 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

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 (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

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

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 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

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