Tagged: sweden

Uniti: Here is How You Crowdfund an Electric Car & the Pitch Video is Awesome

There are more than a few investment crowdfunding offers that are based only on a photo shop concept paired with outlandish valuations. Some of these will successfully raise money but investors are pretty much guaranteed to be aggressively diluted – if the company moves beyond… Read More

Fintech Firm Sharpfin AB Crowdfunds on Invesdor

Fintech Funding Fintechs Invesdor has listed a new investment opportunity on its European crowdfunding platform. Sharpfin AB, a Stockholm based Fintech, is seeking funding to develop the next generation of wealth management software. Sharpfin sees a finance industry that is riddled with high maintenance legacy… Read More

Swedish Fintech Firm Klarna Receives Strategic Equity Investment From Permira

Swedish Fintech company Klarna Bank announced on Friday it received a strategic equity investment from Permira, a global investment firm that advises funds and accounts with a total committed capital of circa €32 billion. According to Klarna, the investment partnership will acquire shares from existing… Read More

Visa Invests in Swedish Fintech Unicorn Klarna

This week, it was announced that Visa was purchasing a stake in Swedish fintech company Klarna. Details of the deal were not released, but numerous sources report that Klarna will be issuing a new series of equity following the deal. E-commerce Payments Solution Klarna, which was… Read More

Stockholm Based Payments Platform Klarna Receives Full Banking License

This trend is picking up speed. Fast growing Fintech firms are looking to receive regulatory approval to operate more like a bank. Klarna, a Sweden based payments platform, was granted a full banking license by the Finansinspektionen, (the Swedish Financial Supervisory Authority) last week. Klarna management… Read More

First Swedish Crowdfunding Campaign for Invesdor is TidyApp

Invesdor has launched its first crowdfunding offer for a Swedish startup. Based in Helsinki, Invesdor has previously listed crowdfunded securities for campaigns in Finland, the UK and Norway. Invesdor’s first issuer is for Swedish start-up TidyApp, a mobile platform for domestic services. The company is… Read More

Invesdor Adds to Executive Bench with Two New Appointments

Invesdor, one of the leading equity crowdfunding platform in the Nordics, has announced two additions to its team. Erik Rehn has been appointed as sales director at Invesdor. Rehn will be responsible for planning and overseeing Invesdor’s global business-to-business sales. Invesdor said his most important… Read More

Brief: FundedByMe Sees Record Number of Investments

FundedByMe, says they have broken their internal record for the most number of investments on the platform. The Sweden-based crowdfunding platform said it had launched 12 new campaigns in the past 10 days driving investor interest. FundedByMe did not disclose details on the activity but… Read More

FundedByMe Reports Annual Results

FundedByMe, a full-service crowdfunding platform operating in Europe and Asai, reported 2016 results today at a meeting of its annual General Assembly. FundedByme reported the company experienced a 90% growth on sales from the previous year. “The year has been a turnaround year for FundedByMe… Read More

Droshi, Described as the “Alibaba of Europe” is Crowdfunding on FundedByMe

Droshi, self-described as the Alibaba of Europe – with a twist – is raising capital on FundedByMe. Droshi is said to be Northern Europe‘s largest drop shipping service. Drop shipping is, “a fulfillment model that allows you to buy products individually from a wholesaler and… Read More

Kreditbörsen Launches Peer-to-Peer Lending Service in Sweden

Kreditbörsen (the credit exchange), a part of Sweden-based LendyTech , has launched a peer-to-peer lending service for borrowers and investors. The LendyTech group is described as a Fintech group with a global focus. LendyTech currently operates Kreditbörsen, SCG and LendySoft.  Each of the platforms forcuses on the credit… Read More

Equity Crowdfunding Platform FundedByMe Launches Secondary Trading for Crowdfunded Securities

Sweden-based investment crowdfunding platform FundedByMe has launched a secondary trading platform in partnership with Skandinaviska Enskilda Banken.  The new platform was announced during a breakfast event at Stockholm’s Stureplan and is designed to provide liquidity for investors in crowdfunded securities. Skandinaviska Enskilda Banken or SEB,… Read More

Stockholm Fintech Hub Sets Up Shop at No18

Stockholm Fintech Hub launched in late 2016, now has a permanent home in No18.  The new space will act not just as a collaborative workspace but will also allow Fintech companies to hold events. “Over the last 6 months, we have looked at many potential… Read More

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