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Fintech in Stockholm
7 April 2016
Robin Teigland, Professor, SSE – [email protected]
Claire Ingram, PHD Candidate, SSE – [email protected]
Nicholas Wesley-James, MSc Candidate, SSE – [email protected]
1
Highlights from last years report
2
531.9m USDInvested 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
Stockholm’s Path to Fintech Success
3
Over the past year
4
Stockholm Fintechs moving in on traditional bank territory
5Inspiration from CB Insights, SEB base webpage slightly modified to make more room
137.7m USD in funding to Stockholm Fintech Companies in 2015
66.6m USDIntel, Zouk Capital,
Creandum, Dawn Capital, Index Ventures, MCI Capital, Northzone
15.0m USDAccel, Creandum, GP
Bullhound, Martin Wattin
10.0m USDNorthzone, White
Star Capital
1.9m USDUndisclosed
1.4m USDNorthzone,
Undisclosed Angels
0.6m USDPeter Gyllenhammar
0.6m USDNFT Ventures
0.5m USDAndreas Bonnier
0.7m USDCrowdfunding,
Techstars
Undisclosed UndisclosedAggregate Media
UndisclosedNFT Ventures
UndisclosedNFT Ventures
6
38.0m USDKinnevik, LeapFrog
0.7m USDNFT Ventures
0.5m USDKarl Johan Persson
1.2m USDStaffan Persson, Thord
Wilkne
UndisclosedNFT Ventures
Continued Strong Investments in Stockholm Fintech Companies
72015 estimate based on 2014 growth rates.
m USD
658.5m USDInvested over the past 5 years
>14bn SEK Estimated 2015 Revenue for Stockholm Fintechs
>5800Estimated 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
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: 20052014 Employees: 1 0172014 Revenue: 2 200m SEKDisclosed 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: 20102014 Employees: 1672014 Revenue: 190m SEKDisclosed funding to date: 244.0m USD
Who invests in Stockholm Fintech Companies?
9
Stockholm Fintech at a glance
Stockholm hits 100 Fintech companies in 2015
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0
10
20
30
40
50
60
70
80
90
100
2015201420132012201120102009
# o
f C
om
pan
ies
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
+
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
Questions?
14Image credit investstockholm.com
Acknowledgements
Björn Bergström, Industrifonden, for help identifying companiesStockholm Community, for help crowdsourcing companies
