Wero, a European payment platform, is expanding its network as payment providers from several Southern and Northern European countries will connect via a new joint venture based in Madrid. The initiative will allow seamless cross‑border payments for consumers, such as sending a Tikkie abroad or paying online without a credit card, and aims to increase Wero’s reach despite challenges in markets like Germany.
The European Union’s consumer watchdogs are probing nine video-game publishers, among them Sweden’s King and Mojang, to examine how virtual currencies are used in their games and whether they comply with EU consumer protection rules.
Mynewsdesk has undergone significant restructuring and, under its new CEO Gustav Berghog, is seeing recurring revenue rise again after a recent decline. The CEO says the need for manual customer support has dropped markedly.
Swedish travel‑search startup Avionero has pulled the plug on its intended public listing on Spotlight after a capital‑raising round fell short of its target, despite having secured half of the planned amount beforehand.
Swedish bioanalysis company Aventix, founded by serial entrepreneurs Erik Gatenholm and Hector Martinez, secured a new multi‑million‑euro investment round. The round is led by Danish impact investor Kost Capital, which backs the founders who are also known for their work with Cellink (now Bico).
Bulgaria’s first unicorn Payhawk wants to challenge local players Pleo and Mynt in Sweden with its expense services and corporate cards. The company opened an office in Stockholm, partly with help from its Swedish shareholders, and aims for a US listing in a few years. Its main goal is to reach $1 billion in revenue, says founder Hristo Borisov.
Swedish entrepreneur Alfred Wahlforss founded the AI company Listen Labs in the United States three years ago. The startup is now being bought by software giant Salesforce in a transaction estimated at about 20 billion Swedish kronor (approximately $1.8 billion).
FlatPay, a Nordic fintech startup, is soaring in the market, prompting other fintech companies in the region to look for their next strategic moves.
Swedish research spin‑off Ipercept claims to have solved the long‑standing problem of predicting when factory floor machines will fail. The company has just closed a large funding round and is now planning to expand its operations to the United States.
AI startup Instinct, founded in 2023 by Noah Shinn, is set to secure a 10 billion SEK funding round, pushing its valuation close to 100 billion SEK, according to the New York Times Dealbook.