Latest Conmio News
Mar 22, 2021
Swedish fintech company Zaver secures US $ 5 million in new funding round By Zaver , a Stockholm based Swedish fintech company, announced early in the 4th week of March 2021 that it has raised US$ 5 million in its new funding round. The round witnessed major participation from Inbox Capital and Inventure , along with generous contributions from angel investors including Fredrik Österberg, Magnus Rausing, Joen Bonnier, Johannes Hobohm and more. Investors: Inventure is a Finland based venture fund that was founded in the year 2005 by Sami Lampinen and Timo Tirkkonen. With over 70 portfolio companies and more than US $ 230 million in assets under management, it is easily one the most experienced and accomplished Nordic venture funds. Its portfolio includes companies from diverse sectors such as Blueprint Genetics, Almotive, Insurello, Detectify, Conmio and more. Inbox Capital on the other hand is a family-owned private equity firm based in Stockholm, Sweden. Purpose of investments: The new round of investments brings the total funds raised by Zaver to around US $ 8.3 million. Primarily founded as a P2P payments system for marketplace transactions, Zaver is now planning to increase its focus on the durables sector ( Ex: Automotive sector, Kitchen renovation etc. ) About Zaver: Founded in 2016 by Amir Marandi and Linus Malmen, Zaver is an innovative payment solutions platform that seeks to accelerate the revolution in mobile payments. Its payment solution, as it claims, enables organisations to go completely digital (when it comes to transactions), improve their margins and increase their liquidity. All organisations have to do is send a payment link to their customers via text message, e-mail etc; and once customers open the link they will have the option to choose from multiple payment methods. And finally, after the customer makes the payment through the link, the amount is immediately transferred to the organisation in a lightning-fast manner. What the founder has to say: “What makes us different is that we focus on the shift to mobile payments in a sector with low margin sales, and high average transaction values. By focusing on new customer behaviours (e.g. BNPL, direct debit, instalments at point-of-sale) and real-time settlements, we can offer the same frictionless payment experience online and offline, no matter the size of the tickets”—Amir Marandi, founder of Zaver For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay . We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know -if there are any discrepancies in any of our published stories, -how we can improve, -what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!