Swedish fintech Lendo is awaiting regulatory approval for its banking licence request following a government crackdown on loan sites. The company hopes the Financial Supervisory Authority will approve the application.
Swedish nicotine startup Haypp Group posted a 28% YoY revenue jump to SEK 1.2 billion in Q2 and is now focusing on a large push into the British market.
AI giant Anthropic is negotiating to acquire Decart AI, a startup specializing in world models, for roughly 60 billion Swedish kronor.
Amanda AI, backed by Spiltan, announced a new funding round of 10 million SEK, a change in leadership with Charlotte Berg becoming CEO, significant cost cuts, a move to cheaper offices, and its first steps into the UK market.
Swedish podcast platform Acast is expanding its global reach by buying the strategic U.S. network Backyard Ventures for about 200 million Swedish crowns, bringing well‑known personalities like Piers Morgan into its roster and strengthening its claim to be the world’s largest podcast network.
Brickanta, supported by Northzone, has acquihired AI proposal tool Alysa, marking its second such acquisition and signaling a faster pace of development.
Zoofabriken, a Swedish online pet‑supplies retailer linked to Samuel Wennberg, has applied for bankruptcy due to delivery failures and customer dissatisfaction.
Transfer Galaxy, a Swedish fintech startup, changed its strategy to a strict profitability focus, resulting in the distribution of nearly the entire profit from the previous year – roughly 25 million SEK – to shareholders, with rumours that the major owners may be planning an exit. Co‑founder and CEO Yosef Mohamed highlighted how special this achievement feels personally.
After his hedge fund Situational Awareness suffered a historic crash, investor Leopold Aschenbrenner is returning to the market with a new multi‑billion‑krona investment in Swedish chip maker Source Foundry.
Quartr, a financial and stock information provider, has secured new funding for its expansion and welcomed a new majority owner, described as a major industry player.