Led · Equity · Mar 2022

SAVR operates a Sweden-based investment platform that integrates equities, ETFs, and mutual funds for retail investors. The platform offers low currency conversion fees, automated commission classes, and AI-driven analytics to deliver comprehensive market data and sophisticated tools at reduced costs. SAVR recently surpassed 100,000 active users. The company plans to deploy new trading platforms across 17 markets, featuring real-time data feeds, expanded market access, and innovative trading technologies. New funding from Incore Invest is intended to accelerate these product and geographic expansion efforts. SAVR’s stated aim is to democratize investing in the Nordics by improving user experience and lowering costs for retail investors. Savr is a Swedish savings platform that launched its fund platform in November 2019 and offers mutual funds at lower fees by refunding retrocessions (kickbacks) to customers. Since launch it has acquired more than 90,000 customers and refunded over SEK 17.5 million in kickbacks. The company recently rolled out an occupational pensions offering and plans to develop stock trading to become a one-stop investment platform. Savr says it will use the newly raised capital to build out stock trading and further expand the platform. The round was led by Scandinavian media group Schibsted and backed by the Nordic Angels platform, including high-profile angel Ash Pournouri. Savr has now raised over SEK 250 million in venture capital since inception; SEB Corporate Finance Growth acted as financial advisor on the transaction.

Participated · Equity · Jul 2021

Insurello offers a digital solution that proactively educates users about their insurance coverage and files claims to maximize payouts on their behalf. Users create a case online and Insurello searches for all possible compensations based on the user’s coverage. The company charges a 25% fee on compensation when a claim is successful and collects no fee if it fails. Insurello was founded in 2016 and has paid out over SEK 200 million in compensation to consumers. Management says the team plans to expand into new markets and additional verticals to grow the service. The company recently completed a new financing to support this expansion. Insurello is a Stockholm-based insurtech that helps consumers claim fair compensation from insurance companies after personal accidents. Its digitised service handles the entire claims process and identifies compensation users weren’t aware of. The company has managed over 85,000 insurance claims and paid consumers more than €7 million. Founded in 2016, Insurello has doubled its team in the last 12 months to around 70 people. It recently acquired Ifdelayed.com to capture flight-delay claims alongside personal-accident claims. The startup raised €7.1 million to fund international expansion and to continue automating and simplifying its product for consumers.

Led · Equity · Feb 2020

Woilà helps consumers reclaim money when product prices fall after purchase or when train transport is delayed by using algorithmic analysis of transactions. Founded in 2017 and based in Stockholm, the company says it has processed €18 million of transactions since May 2019, which it estimates is around 1% of Sweden’s e-commerce market. Woilà reported a 10% week-on-week growth rate and was the top app on Sweden’s Apple Store in August last year. The startup has a roughly 10-person headcount. It raised €2.8 million in a round led by Scandinavian media group Schibsted, with funds earmarked for expansion into existing and international markets, new product verticals, and team growth. Schibsted is noted in the article as having previously invested in Swedish fintechs Rocker and Capcito.

Led · Equity · Aug 2019

inzpire.me operates a data-driven influencer marketing platform that connects brands and influential content creators to facilitate authentic brand stories. The platform is available in over 100 countries and is used by around 10,000 content creators and more than 3,000 brands, including L’Oréal, Universal Music Group, Unicef and Greenpeace. The company was founded in 2016 and employs a team of 22 people from 11 countries. inzpire.me plans to use its latest funding for continued product development, growth in existing Nordic markets, and expansion into new markets. Financially, the company announced a €1.2M raise in the reported round, bringing total funding-to-date to €2.2M. Inzpire.me operates a platform used by brands to connect with influencers to promote products and services. The platform currently hosts 7,000 influencers and 60 brands. The company plans to use new funding to develop AI and machine-learning tools for marketing and to expand its services across Europe and into the US. Inzpire.me was founded in March 2016 by Mats Lyngstad and Marie Mostad and has offices in Oslo and Palo Alto. The Oslo-based startup recently won first place in the Tokyo Pitch Competition Finals and is focused on growing its marketplace footprint.

Led · Equity · Feb 2019

Bynk is a Stockholm-based mobile loan app that allows users to request loans up to €28,000 to finance car payments, home repairs, or weddings and manage those loans through the app. Loan periods are typically between 3 and 12 years, with interest rates ranging from 4.95% to 17.55%. The company says it is building a European mobile bank and plans to broaden its product portfolio with cards, peer-to-peer loans, and other loan products while expanding across Europe. Bynk launched in 2017 (about 18 months before the article) and has been growing quickly since. Financially, Bynk received €48 million in equity funding from Schibsted and LMK Industri, bringing its valuation to €190 million and giving Schibsted a 32% stake. The company intends to use the capital to build its brand and release new products.