Swedish fintech Minna Tech receives €5.6m funding
Minna Technologies has raised €5.6 million in a Series A investment led by Zenith Group, with participation by Visa and existing investor Swedbank.
“This investment round makes it possible for us to scale up and execute on our European expansion plans. As many European banks have started to embrace fintech partnerships, we have seen a dramatic increase in the interest of our subscription management platform,” says Joakim Sjöblom, co-founder and CEO, Minna Technologies.
He adds: “Our current bank partnerships have proved that subscription management is well received by banking customers and that it is an essential part of digital banking.”
Launched in 2016, Minna Technologies is a Swedish fintech start-up on a mission to make subscription management easy. What began as a consumer app for subscription management has today become a bank integrated platform – aiming to help retail banks across Europe to improve their customer experience.
“Minna Technologies has a strong focus on constantly improving the digital user experience, while at the same time offering the bank’s customers hands-on tools that simplify their everyday lives. Our innovation collaboration with Minna Technologies has already from the start of 2017, helped to secure our future business model, while at the same time contributed to increased customer value,” says Lotta Lovén, head of digital banking Swedbank.
The investment allows Minna Technologies to pursue its ambitious growth plans over the next years. Minna Technologies will now increase its European presence and aims to be the fintech partner of choice for any bank who wants to improve their digital banking experience.
To support the expansion plans, Minna Technologies is increasing the size of the company and its geographical reach. The company also plans to open up a new office in Europe.