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woila.se

Founded Year

2016

Stage

Acq - Talent | Acquired

Total Raised

$3.88M

About Woila

Woila is an automated service spotting price changes for online stores. If a price drops up to 90 days after a purchase, Woila will automatically get users the money back.

Woila Headquarter Location

Munkbron 3

Stockholm, 111 28,

Sweden

+46 79 348 13 09

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Expert Collections containing Woila

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Woila is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

9,593 items

F

Fintech

4,779 items

Track and capture company information and workflow.

Latest Woila News

Stockholm-based Woila raises €2.8 million to help consumers get refunds

Feb 7, 2020

By The Swedish startup Woilà , which helps consumers get the best value for money, has raised €2.8 million led by major Scandinavian media group Schibsted. Woilà, founded in 2017, helps consumers to get their money back if a product is later reduced after they have purchased it, or for if their train transport is delayed. The platform is powered by algorithms, which analyse each translation. With a growth rate of 10% week on week, Woilà was the top app on Sweden’s Apple Store in August last year. Woilà believes that due to changing prices online, European shoppers are losing out on more than around €9.1 billion each year. Consequently, so far the fintech says it has processed a whopping €18 million worth of transactions since May 2019, which Woilà has calculated to be around 1% of Sweden’s e-commerce market. “It’s hard to keep track of it as a private person. In some cases, prices can change several times a day,” co-founder and CEO Wilhelm Schenning. “If you have ever purchased something online – sorry to say – you have most likely been screwed,” says Schenning. “Not that you didn’t get a good deal at the time, just that things happen. Trains get delayed. Stores drop prices after big rushes on products. Woilà aims to change that.” The round led by Schibsted will catalyst one of Woilà’s first growth pushes backed by capital since its creation last May. Schibsted is known for having also invested in fellow Swedish-based fintechs Rocker and automated credit solution Capcito. The funds will be focused on expanding into existing and international markets, as well as new product verticals. In addition, the startup will hope to grow its team, from its current 10-person headcount. TAGS

  • When was Woila founded?

    Woila was founded in 2016.

  • Where is Woila's headquarters?

    Woila's headquarters is located at Munkbron 3, Stockholm.

  • What is Woila's latest funding round?

    Woila's latest funding round is Acq - Talent.

  • How much did Woila raise?

    Woila raised a total of $3.88M.

  • Who are the investors of Woila?

    Investors of Woila include Klarna, Jonas Bonde, Schibsted Growth, Hidayet Tercan, Niklas Söderholm and 5 more.

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