In the last few years, there has been a boom in account-to-account (A2A) payments. Cashing in on the new segment, Swedish fintech startup Zimpler has raised equity funding from Nordstjernan Growth. While the company has not disclosed the amount, the investment will enable Zimpler to further drive its exponential growth journey and boost its customer base. The startup will also invest in developing new customer verticals and expand its geographical network, both in Scandinavia and worldwide.
Following the new deal, the startup will be the third holding in Nordstjernan Growth's portfolio.
The startup offers instant account-to-account payment solutions used by merchants within various segments like travel, e-commerce or creator economy. Earlier this year, it went live with its new B2B A2A solution, designed to simplify in- and outgoing payments for merchants.
Johan Strand, CEO, Zimpler, said: “We aim to simplify transactions between businesses and people anywhere through simple and instant A2A transactions. A2A payments are the future, and we can already see more and more sectors appreciating their value and adapting to them.”
In 2021, the platform’s transaction volumes grew by 176%, fuelled by entry into new verticals and markets. Its products are now live in 7 countries in Sweden, Finland, Estonia, Germany, Latvia, Lithuania, and the Netherlands.