Tagged: sweden

May 8, 2022 @ 12:00 pm By Omar Faridi  |  

Payer recently announced that Dominik Belloin, one of its board members, has been appointed as the new Chairman of the Board. Dominik Belloin “succeeds Annika Javestad, who served in the role during the development phase.” The appointment now “awaits the approval of the FSA.” Payer… Read More

May 6, 2022 @ 5:46 pm By Omar Faridi  |  

LexisNexis Risk Solutions, part of RELX, has announced the acquisition of BehavioSec, “an advanced behavioral biometrics technology provider.” Founded in Sweden in 2008 with a presence in the U.S., Canada and EMEA, BehavioSec provides “a highly predictive behavioral biometrics solution that uses behavior analysis for… Read More

April 24, 2022 @ 9:34 am By Omar Faridi  |  

Dreams, the financial wellbeing platform and “leader” in engagement banking solutions, recently announced the appointment of Russell Prince-Wright, Jason Curtis and Peter Hedlund, to join Dreams’ senior management team “as Regional Directors and drive the company’s B2B expansion.” Collectively, Russell, Jason and Peter “bring more… Read More

April 7, 2022 @ 10:27 am By Omar Faridi  |  

Kassio, a “crypto-for-everyone” platform that allows users to buy, sell, borrow, earn and utilize cryptos, has raised funds worth $1.6 million via its pre-seed round. Kassio has acquired the capital from two major European investment funds, and Aalto Capital, which has led the investment round…. Read More

March 30, 2022 @ 8:03 am By Omar Faridi  |  

Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

March 16, 2022 @ 10:46 pm By Tony Zerucha  |  

Medius, a provider of source-to-pay solutions, today announced that global private equity firm Advent International has acquired a minority stake in the company. Following the deal, Marlin Equity Partners remains the firm’s majority shareholder. The terms of the transaction were not disclosed. Founded in Stockholm… Read More

March 11, 2022 @ 3:35 pm By JD Alois  |  

Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More

March 3, 2022 @ 8:31 am By Omar Faridi  |  

Fintech firm Freetrade reveals that they have received their license from Sweden’s financial regulator, Finansinspektionen. Freetrade confirms that their mission “to get everyone investing got a big boost this week, as we secured our licence from the Swedish financial regulator.” The company wrote in a… Read More

February 22, 2022 @ 2:20 am By Omar Faridi  |  

Swedish VC company Wellstreet has introduced a Fintech fund with an expected total of around $40 million. The funds will reportedly be directed towards early-stage B2B and infrastructure tech firms promoting greater overall efficiency in the international banking and Fintech sectors. Supported by experienced industry… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 3, 2022 @ 9:04 am By Omar Faridi  |  

TrueLayer, which is one of Europe’s Open Banking platforms, has announced its expanding operations into Sweden with the appointment of ex- Adyen executive Karl Hagner as its Country Manager. An experienced commercial manager, with a sharp focus on payments in digital commerce, Stockholm’s Karl will… Read More

February 3, 2022 @ 8:47 am By Omar Faridi  |  

Proprietary straight-through processing (STP) payments platform Billhop – which provides businesses process and capital efficiencies based on credit card infrastructure –  has acquired €10.5 million in capital, via a round led by EQT Ventures along with contributions from Element Ventures (currently awaiting SFSA approval). The… Read More

January 18, 2022 @ 11:16 pm By JD Alois  |  

Doconomy has raised $19 million in an equity round led by CommerzVentures. Doconomy is a climate tech firm that helps banks, brands, and consumers to measure and reduce their environmental impact. Other backers include two new investors, Ingka Investments, part of the largest IKEA retailer… Read More

January 17, 2022 @ 11:36 am By JD Alois  |  

SaveLend Group has announced the hiring of Olle Asplund as Chief Product Officer as part of an expansion plan. According to SaveLend, Asplund will focus on business development, strategically as well as operationally. Starting in April, He will also be in charge of structuring new… Read More

December 27, 2021 @ 3:51 am By Omar Faridi  |  

European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More

December 16, 2021 @ 1:17 am By JD Alois  |  

Last week, CI reported that Uniti, a Swedish electric vehicle (EV) company that has raised capital several times with securities crowdfunding offerings, was close to shuttering operations. In recent years, Uniti has raised funding on both Crowdcube and FundedByMe. Uniti said it needed to raise… Read More

December 11, 2021 @ 3:43 pm By Omar Faridi  |  

Norwegian climate and expense management developer Sonya has reportedly entered a partnership agreement with Swedish impact technology provider, Doconomy. As noted by its management, Doconomy aims to “provide digital solutions to help us all live in a more sustainable way.” The company added: “We believe… Read More

December 5, 2021 @ 5:37 pm By JD Alois  |  

Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More

November 28, 2021 @ 11:53 pm By Omar Faridi  |  

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

November 25, 2021 @ 9:27 am By Omar Faridi  |  

Swedish Fintech firm Näktergal, which supports financial institutions with Cloud-powered platform solutions for digitized lending, has acquired EUR 1 million in capital via an investment led by Katalysen & Partners. Other investors are Stefan Backlund, ex- VP Marketing & Communications at Trustly, Jon Wimmercranz, ex-… Read More