We presented some updated numbers around investment into FinTech in the Stockholm region. This report was commissioned by the Stockholm Business Region.

1. Fintech in Stockholm
7 April 2016
Robin Teigland, Professor, SSE – robin.teigland@hhs.se
Claire Ingram, PHD Candidate, SSE – claire.ingram@hhs.se
Nicholas Wesley-James, MSc Candidate, SSE – nick.wesleyjames@gmail.com
1

2. Highlights from last years report
2
531.9m USD
Invested in Stockholm Fintech companies over 2010-
2014
18.7%
Of total EU Fintech funding invested in Stockholm
companies over 2010-2014
7.7%
Of total EU Fintech deals involved Stockholm
companies over 2010-2014

3. Stockholm’s Path to Fintech Success
3

4. Over the past year
4

5. Stockholm Fintechs moving in on
traditional bank territory
5
Inspiration from CB Insights, SEB base webpage
slightly modified to make more room

6. 137.7m USD in funding to Stockholm
Fintech Companies in 2015
66.6m USD
Intel, Zouk Capital,
Creandum, Dawn
Capital, Index Ventures,
MCI Capital, Northzone
15.0m USD
Accel, Creandum, GP
Bullhound, Martin
Wattin
10.0m USD
Northzone, White
Star Capital
1.9m USD
Undisclosed
1.4m USD
Northzone,
Undisclosed Angels
0.6m USD
Peter Gyllenhammar
0.6m USD
NFT Ventures
0.5m USD
Andreas Bonnier
0.7m USD
Crowdfunding,
Techstars
Undisclosed Undisclosed
Aggregate Media
Undisclosed
NFT Ventures
Undisclosed
NFT Ventures
6
38.0m USD
Kinnevik, LeapFrog
0.7m USD
NFT Ventures
0.5m USD
Karl Johan Persson
1.2m USD
Staffan Persson, Thord
Wilkne
Undisclosed
NFT Ventures

7. Continued Strong Investments in
Stockholm Fintech Companies
72015 estimate based on 2014 growth rates.
m USD
658.5m USD
Invested over the past 5 years
>14bn SEK
Estimated 2015 Revenue for Stockholm Fintechs
>5800
Estimated 2015 Employment for Stockholm Fintechs
181.6
55.4
17.6
266.2
137.7
2011 2012 2013 2014 2015
Investments in Stockholm Fintech Companies

8. Two payments rock stars paving the way
8Description and total funding taken from Crunchbase
Klarna provides e-commerce payment
solutions for merchants and shoppers.
Founded: 2005
2014 Employees: 1 017
2014 Revenue: 2 200m SEK
Disclosed funding to date: 291.3m USD
iZettle, a leading mobile payments company,
offers small businesses portable point of sale
solutions and free sales overview tools.
Founded: 2010
2014 Employees: 167
2014 Revenue: 190m SEK
Disclosed funding to date: 244.0m USD

9. Who invests in Stockholm Fintech
Companies?
9

10. Stockholm Fintech at a glance

11. Stockholm hits 100
Fintech companies in 2015
11
0
10
20
30
40
50
60
70
80
90
100
2015201420132012201120102009
#ofCompanies
FinTech Companies in Stockholm by Segment
Payments
Other FinTech
Lending
Trading and Banking Tech
Wealth Management
Crypto Currency
Crowdfunding
Acquired companies included in these totals

12. 12
+

13. Implication of the
Payment Services Directive
• Payment services directives 2 passed on January 12
• Must be included in domestic legislation in 2 years
• Among other things, requires that banks open up, operate as APIs
• Intention is to improve consumer experience
• Some precedent (e.g. Tink), but no longer discretionary
• What does this mean for FinTech?
13

14. Questions?
14Image credit investstockholm.com
Acknowledgements
Björn Bergström, Industrifonden, for help identifying companies
Stockholm Community, for help crowdsourcing companies