Swedish fintech company Yabie secures EUR 15 million in new funding
Stockholm, June 1st 2022 – The fast growing Swedish fintech company Yabie is securing EUR 15 million (160 million SEK)* in an oversubscribed funding round. The funding round was led by the new investment fund Absolute Unlisted with participation from current owners Swedbank, NFT Ventures and Brightly Ventures.
Yabie is one of Sweden’s fastest growing fintech companies with more than more than 4000 enterprise customers in Sweden and is handling over 100 million transactions annually with a transaction volume exceeding EUR 380 million (4 billion SEK). Yabie has a run rate of EUR +11,4 million (120 million SEK) with a strong growth curve.
The company has now secured EUR 15 million in an oversubscribed funding round. The funding round was led by new investment fund Absolute Unlisted, with participation from current owners Swedbank, NFT Ventures and Brightly Ventures as well as the investor Ilija Batljan. Absolute Unlisted is investing EUR 5,7 million (60 million SEK).
Yabie is developing and offering modern checkout and payment solutions for small and medium enterprises on the Swedish market and has more than 100 employees in Sweden. The company’s growth is driven both organically and through acquisitions. During 2022 Yabie acquired three companies.
“We are very happy and grateful for the huge interest in Yabie. The sentiment on the market has changed dramatically over the last couple of months where growth and expansion, regardless of cost, are no longer being rewarded. Now it is all about building a long-term business with a positive cash flow. We see enormous potential going forward and if we play our cards right, we will come out of this climate even stronger”, says Mathias Plank, founder and CEO at Yabie.
“Absolute Unlisted is very pleased with becoming a new investor in Yabie. We are really impressed by how Mathias and the team are driving growth in a thoughtful way both organically and by acquisitions. The market for checkout systems and payments in Europe is fragmented where Yabie can take on a leading role by consolidation and organic growth”, says Mikael Petersson, Fund Manager at Absolute Unlisted
Yabie is valued at EUR 91 million (960 million SEK), a 50 percent increase since the previous emission in May 2021.
* Exchange rate 1 SEK = 0,095 EUR
For more information, please contact:
Mathias Plank, CEO, mathias@yabie.com, +46 705 360 200
Karl Garberg, CMO, karl@yabie.com, +46 708 800 875
About Yabie AB (publ.)
Yabie is one of Sweden’s fastest growing fintech companies consolidating the market for checkout systems and payment solutions with its innovation and sales power. The cloud based all-in-one product attracts everything from the local pub to IKEA. Since the start, the company has secured over EUR 50 million in venture capital by Creades, Swedbank and Brightly Ventures among others. The company was founded by the serial entrepreneur Mathias Plank (CEO).
Fun fact: in Arabic, Yabie means to sell يبيع.
