Investments
19Portfolio Exits
2Partners & Customers
3About Svea Bank
Svea Bank offers financial and administrative services in the areas of financing, ledger administration, and payment solutions for e-commerce and debt collection. On August 12, 2019, Svea Ekonomi was acquired by ChangeGroup. The terms of the transaction were not disclosed.
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Latest Svea Bank News
Dec 7, 2022
7th December 2022 Arex Markets, a fintech that offers embedded finance solutions to enable firms to provide credit products for small and medium-sized enterprises (SMEs), has sold its Finnish operations to Swedish payment and financing institution Svea Bank. Svea acquires Arex Markets’ Finnish operations Svea says the deal, the financial details of which are undisclosed, will “strengthen” its position as a corporate financier following the transfer of Arex’s 1,200 Finnish customers and partnerships to its portfolio. The Finnish business of Arex has financed a total of more than €500 million worth of invoices to date. “Over the years, Svea has grown a lot also through business transactions, therefore acquiring Arex’s business operations in Finland was a good and natural solution for us,” says Pasi Väre, country manager of Svea in Finland. Arex says it will continue to focus on the UK and its operations in Spain, rolling out its suite of credit products for SMEs as they seek to plug the liquidity gaps forming due to gloomy economic conditions. The firm provides embedded finance products that can be white-labelled by neobanks, enterprise resource planning (ERP) software and accounting software. Svea Bank says the acquisition will give it the ability to offer partners and customers a wider range of services.
Svea Bank Investments
19 Investments
Svea Bank has made 19 investments. Their latest investment was in Movs Technology Group as part of their Corporate Minority on July 7, 2022.
Svea Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/18/2022 | Corporate Minority | Movs Technology Group | $4.34M | Yes | 2 | |
3/14/2022 | Corporate Minority | Zimply Innovation | $0.62M | Yes | 1 | |
2/3/2022 | Series B | Fundler | $6.58M | Yes | JNE Invest, and Svea Bank | 3 |
11/26/2021 | Seed VC | |||||
8/23/2021 | Series B |
Date | 7/18/2022 | 3/14/2022 | 2/3/2022 | 11/26/2021 | 8/23/2021 |
|---|---|---|---|---|---|
Round | Corporate Minority | Corporate Minority | Series B | Seed VC | Series B |
Company | Movs Technology Group | Zimply Innovation | Fundler | ||
Amount | $4.34M | $0.62M | $6.58M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | JNE Invest, and Svea Bank | ||||
Sources | 2 | 1 | 3 |
Svea Bank Portfolio Exits
2 Portfolio Exits
Svea Bank has 2 portfolio exits. Their latest portfolio exit was Bokio on March 02, 2022.
Svea Bank Acquisitions
5 Acquisitions
Svea Bank acquired 5 companies. Their latest acquisition was Intrum Rahoitsu on July 20, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
7/20/2023 | Acquired Unit | 1 | ||||
12/5/2022 | ||||||
8/24/2021 | Series C | |||||
6/14/2021 | ||||||
5/14/2018 |
Date | 7/20/2023 | 12/5/2022 | 8/24/2021 | 6/14/2021 | 5/14/2018 |
|---|---|---|---|---|---|
Investment Stage | Series C | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 1 |
Svea Bank Partners & Customers
3 Partners and customers
Svea Bank has 3 strategic partners and customers. Svea Bank recently partnered with Lendiron on October 10, 2021.
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