Swedbank initiate strategic collaboration with Pepins
Swedbank has established a strategic collaboration with Pepins, which supports small and microcap growth companies in raising capital from external investors. Swedbank has a large client base of fast-growing smaller companies, which through our new collaboration will get the opportunity to raise capital with Pepins as advisor.
Growth companies tend to have large capital needs and bank loans are not always the most optimal form of funding. Diversifying funding sources is often a good way for these companies to both strengthen their credit situation and mature as organisations.
Through the partnership, Swedbank’s non-listed corporate clients will have the opportunity to, together with their advisor from the bank, present their case for Pepins and discuss a potential issuance of shares on Pepins’ platform. Such an issuance gives the company access to Pepin’s 70,000 investors.
“Supporting growth companies is essential to our model,” said Per-Åke Nyberg, Global Head of Investment Banking at Swedbank. “By collaborating with Pepins, we become more relevant as a banking partner for the many growth companies. We at Swedbank’s investment bank look forward to working closely with Pepins and our corporate clients on their journey, and when the clients grow too big for Pepins, they can easily transfer over to us for larger capital rounds.”
Pepins works with capital rounds from around SEK 10 million up to SEK 90 million, and Swedbank’s investment bank is a leader in capital rounds from around SEK 100 million and up.
Marika Corell, Head of Segment Management Corporates at Swedbank, said, “Pepins has completed a number of successful capital raisings and has today a unique position in the Swedish market for non-listed companies. We at Swedbank also assess Pepins has a similar corporate culture, value-base and long-term view of client relations and us. We are eager to initiate this partnership.”
“With its strong market position, broad client base throughout the country and coverage of every sector, Swedbank is an optimal partner for us at Pepins,” said Philip Scholtzé, acting CEO at Pepins. “We are convinced that this collaboration will bring many new, exciting companies to our platform – and we look forward to, in close collaboration with Swedbank, supporting these companies in raising capital.” Pepins is a long-term partner to growth companies and Pepins’ platform for digital capital raising and trading in un-listed stocks is unique in the Swedish market. Since the start, over SEK 1 billion has been raised for around 40 companies. Pepins is under the supervision of the Swedish Financial Supervisory Authority.
Marika Corell, Head of Segment Management Corporates, Swedbank, marika.corell@swedbank.se, +46858592169
Mattias Elander Forsgren, Press Manager, mattias.elander-forsgren@swedbank.se, +46 73 843 32 66
Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 160 branches in Sweden and 92 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com