Sweden

Swedish E-commerce Platform Quickbutik Launches Integrated Payment Solution with Adyen

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Swedish e‑commerce platform Quickbutik introduced Quickbutik Checkout, a unified payment solution developed with Adyen, which lets merchants manage payments, payouts and disputes alongside orders and accounting. During a pilot of 5,000 orders, conversion rates rose by an average of 7 %. The service is now open to all merchants, aiming to bring large‑merchant checkout features to businesses of any size.

Trustly cuts 200 jobs as Swedish fintech reshapes operations around open-banking focus

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Swedish fintech Trustly announced it will lay off about 200 employees, roughly 25% of its staff, as part of a restructuring aimed at sharpening its focus on the fast‑growing open‑banking market. The cuts mainly affect teams in Brazil, while the company, which has raised $438 million from investors such as BlackRock and Nordic Capital, continues to serve thousands of merchants globally.

Lenzing Takes Majority Stake in Swedish Wood-Based Textile Startup Treetotextile

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Swedish textile startup Treetotextile, which aims to produce fabrics from wood pulp, has received a substantial investment from Austrian company Lenzing, making Lenzing its new main shareholder and replacing previous investors H&M and Ikea. The CEO highlighted that beyond capital, the strategic value of the partnership is key.