Collector Ventures invests in Kaching

Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL)

Collector Ventures continues to invest in new FinTech companies and is now investing in Kaching. The company develops mobile checkout solutions that combine e-commerce and sales in physical stores, and that primarily target major retail chains. The checkout solution is already used in all Digital Inn stores, a premium Apple retailer.

Kaching, which was originally hived off from mobile development company Dynamo, offers digital mobile payment solutions targeting major retail chains. The team consists of experienced senior developers with experience from, for example, Spotify, Skype, Truecaller and Klarna. In addition to founder and entrepre-neur Mathias Plank, the largest shareholders in Kaching are investment companies Creades, Richard Båge, Rustan Panday and Daniel Soussan who established Mediaplanet and Insplanet, among others, and was also involved in building up Storytel.

It’s high time to modernize the shopping experience – including in shops. We look forward with great pleasure to working with Kaching, transforming the customer experience and taking in-store payments into the future, increasing retailers’ sales and efficiency. This will make both customers and checkout staff happier,” says Liza Nyberg, CEO of Collector Bank.

Collector Ventures invests in new FinTech companies with a distinctive digital focus in which Collector Bank perceives technical and commercial benefit. To date, Collector Ventures has invested in approximately 20 FinTech companies, including Wint, Veckopengen, BetterWealth and Nordkap.

For further information, please contact:
Liza Nyberg, CEO, Collector, by phone at +46 73 910 00 00 or by email at liza.nyberg@collectorbank.se
Lena Apler, Chairman of the Boards of Collector Ventures and Collector, by phone at +46 70 525 65 80 or by email at le-na.apler@collectorbank.se

About Us

Collector is a leading digital niche bank that develops financial solutions for private and corporate customers. For the private market, we offer savings and loans, invoicing and installment, credit card services and financial apps. The corporate segment encompasses payment solutions for e-commerce and retail, factoring and corporate lending, real estate credits and assignment debt collection. With an annual organic revenue growth of 30 % since 2005, we have the persistence, courage and experience required to believe in ideas and help get them off the ground. The Group consists of the parent company Collector AB (publ), the wholly owned subsidiary Collector Bank AB, where the main operations are conducted, Colligent Inkasso AB and Colligent Inkasso AS, offering assignment operations and debt collection, and Collector Ventures, which invests in FinTech. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector is listed on Nasdaq Stockholm.

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Quotes

It’s high time to modernize the shopping experience – including in shops. We look forward with great pleasure to working with Kaching, transforming the customer experience and taking in-store payments into the future, increasing retailers’ sales and efficiency. This will make both customers and checkout staff happier
Liza Nyberg, CEO of Collector Bank.