Skip to content

Stockholm’s Finest: 10 Exciting Fintechs


January 27, 2020 | Jonathan Pryer

Stockholm has one of the largest and best-preserved medieval centers in Europe. With 50 bridges linking 14 islands on an extensive Baltic peninsula, it’s a city with a rich history in building connections. It’s also the hotbed of rapidly growing fintechs, with over 400 calling Stockholm home!

And, it’s a city I’m proud to call my home.

Businesses, including Klarna, iZettle, and Spotify thrive in this highly connected tech ecosystem that, after Silicon Valley, has produced more billion-dollar companies per capita than any other region in the world. Ahead of this year’s Sthlm Fintech Week, taking place between 10th-14th February, I wanted to share ten of the city’s most exciting fintechs…


Valued at over $5.5bn, Klarna has taken online shopping by storm over the last couple of years, disrupting the payments sector beyond all recognition and cementing its status as Europe’s largest private fintech and the sixth largest in the world. Its ‘buy now, pay later’ model has gained huge popularity as an alternative to credit or debit cards, with users increasingly opting to take instant interest-free instalments. Founded in Stockholm, the total number of end-customers now stands at 80 million across 17 countries. A recent expansion to the US means this is set to grow by a further 6 million per year through their 200,000 global merchants.

A long-standing client since 2013, Klarna use Provenir’s advanced instant risk decisioning platform, helping facilitate rapid multi-country roll-out and deliver on their global market goals.


iZettle is one of Stockholm’s huge success stories. Founded in 2010, and now part of the PayPal group following its acquisition in 2018, iZettle continues to innovate and widen its offering to support the needs of small businesses across Europe and Latin America. From POS hardware and software, an e-commerce platform and SME loans, iZettle have become the go-to provider for end-to-end POS support. At the end of last year, they also launched the world’s first recycled card reader made from fishing ropes and nets collected from the North and Baltic seas.


Founded in 2008 and backed by Nordic Capital, Trustly now processes more than 9 million payments each month. Through a partnership with merchants, their model allows people to make purchase payments, including e-commerce, financial services, travel and gaming, direct from their bank accounts, bypassing the card networks. This includes instant deposits and pay-outs. With the launch of their Pay N Play product and merger with US-based PayWithMyBank to create a transatlantic payment network, their revenue of 90 million euros is set to increase significantly this year.


P.F.C (Personal Finance Co.) is the latest neobank to be launched from Stockholm. It offers a personal finance app with a debit card and encourages users to hit their financial goals using the latest automation and data-driven insights. Less than 12 months since its launch, and with the backing from Nordea, P.F.C it has sustained a monthly growth rate of 35% to quickly gain a stronghold in the highly competitive fintech market. The app looks fantastic and with upcoming features including investments and family accounts, expect the uptake from young, information-hungry customers to rocket.


Set up in 2012, Tink is an open banking platform that has capitalized on the banks’ need for advanced APIs, that can meet regulatory requirements, to achieve significant growth recently. Tink offers a single API access point to financial data from across Europe and is integrated to over 2,500 banks and institutions so far. Currently employing 270 people and operating across 14 European markets, Tink recently secured a further 90million euros in funding to facilitate their expansion plans.


Backed by the Schibsted Group and very recently rebranded from Bynk, Rocker is one of the latest neobanks to enter the Swedish market from its Stockholm HQ. Its mobile-first model has attracted a strong customer base since its launch in 2017, resulting in 180% growth in 2019. Alongside its personal loan product, Rocker has just launched a smart debit card and is set to launch a savings service later in the year.


Loan refinancing start-up, Anyfin, was founded in 2018 by former employees of Klarna, iZettle, and Spotify. The app uses AI and consumer data to offer users ways to refinance their existing loan products to help improve their situations. With a recent funding round complete and bold marketing campaigns launched, 2020 is set to be a big year for Anyfin in their quest to expand across Northern Europe.


Aimed at millennials looking for simple entry into the investment market to achieve their savings goals (or dreams), Dreams is focused on revolutionizing the way an entire generation approaches savings and money. Since its launch in 2016, uptake of the app has been strong and has grown to over 300,000 users. With over 70 employees based out of its Stockholm HQ, Dreams is expanding across Europe, with a Berlin tech hub planned in 2020.


Founded in 2016 and using the latest AI and machine learning techniques, Moank is a personal lending platform that provides loan products directly to consumers or through employers. Having recently teamed up with Tink to deliver on their tech and aggregated data, Moank has a unique proposition with strong growth ambitions this year.


Lendify is now the biggest peer-to-peer lending platform in Sweden, lending more than 2 billion SEK since its launch in 2015, with lending targets of 15 billion SEK by 2023.

Having focused on the consumer lending marketplace , they announced plans recently to enter the Swedish mortgage market in a few years. With over 40 employees and additional capital equity secured in 2019, Lendify is set for further growth of their platform in 2020.

See you at the Sthlm Fintech Week?

Provenir has a strong connection with Stockholm and the wider Nordics and Baltics region, providing long-term support to a range of clients including Klarna, Dun & Bradstreet, Marginalen Bank and Instabank.

Are you attending Sthlm Fintech Week? Want to discuss how you can get the best value from your credit risk decisioning technology? Contact Patrick by filling out the form below to arrange a short introduction (and a coffee on us.)

Get in touch