Swedish tech scale-up Truecaller gears up for an IPO (by hiring an experienced CFO)

Swedish tech scale-up Truecaller gears up for an IPO (by hiring an experienced CFO)

It ain't exactly a secret that Swedish mobile phone directory and caller ID service Truecaller is keen to become a publicly-listed company at some point in the near future, but here's some news that confirms its plans.

The Stockholm-based company just announced that it has recruited Odd Bolin as its new CFO. Bolin is joining the scale-up's management team to head up financial management and operations, but is also tasked with preparing Truecaller for an upcoming IPO as it closed 2020 with around 267 million active users.

No other details about the upcoming listing were shared by the company, but the expectation is for the company to have an IPO before the end of this year.

According to Di Digital, it would seek a valuation of around €1 billion.

Bolin comes with a pedigree - he was previously the Group CFO at Sinch, a cloud communications giant that just received a major investment from SoftBank, and before that he was the CFO at Zacco, one of Europe’s largest intellectual property firms.

Commenting on his appointment, Truecaller co-founder and CEO Alan Mamedi, said: "As Truecaller is preparing for an IPO, Odd will play a key role in the process. We have strong confidence in Odd’s expertise and previous experience in taking high growth companies public, and we believe that he will add great value to the company and the management team."

Founded in 2009, Truecaller started turning a profit around a year ago.

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