VC financing enables MeaWallet management buyout
Nordic digital payment solutions provider MeaWallet has completed its transition into a refinanced independent entity, following a management buyout enabled by venture capital financing, reports Jane Connolly.
A “substantial capital injection” from venture capital firm Idekapital Fund 1 has allowed the company to “reposition for growth in 2019”, according to MeaWallet’s CEO, Lars Sandtorv.
“Our digital payments platform is already known for its great user experience, ease of integration and powerful tokenisation features,” Lars adds. “We are now focused on extending these points of difference through further development.”
MeaWallet develops proprietary, platform-agnostic tokenisation technologies for banks and card issuers. The company is a Mastercard Engage Platinum partner, part of the Visa Token Service Ready Programme and an American Express GNS partner for Amex Pay.
Idekapital strategically invests in rapidly growing Norwegian technology businesses and currently has a portfolio of ten specialist tech firms, including Software-as-a-Service companies.