Sweden-based Savr closes $6m investment round

Sweden-based digital financial platform Savr has reportedly collected SEK 50m ($6m) in funding.

The names of investors were not disclosed, however, they are “well-known profiles with backgrounds in both finance and tech.”

With the capital injection, the company hopes to strengthen its position in the market and bolster its team. Capital will also be used to support the development of new tools.

Savr is a digital financial platform that enables users to invest their capital into innovative technology funds, sustainable index funds or funds with the best historical returns.

Savr has previously raised around $1m in a pair of previous funding rounds, according to a report from Nordic9. Backers to the former rounds include Andreas Grape, Jacob Rudbäck, Recapex, Krister Sundling, Robert Swartling and Sebastian af Jochnick.

A lot of investment capital has been invested into the Nordics. A total of $3.4bn has been invested into FinTechs in the region since 2015, FinTech Global’s data shows.

Big deals from FinTech giants Tink and Klarna helped the sector continue to see high levels of capital in 2020. Payments company Klarna hit a $10.5bn valuation after a $650m round and open banking platform Tink netted a €90m investment.

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