Visa charges ahead, swipes up open banking platform Tink for €1.8 billion

Payments giant Visa has announced a definitive agreement to purchase Stockholm’s open banking platform Tink for €1.8 billion, including cash and retention incentives. Tink will continue to operate as its own brand and no management team changes are slated. After the Plaid deal was blocked by the US Justice Department over competition concerns, Visa was […]

Belgian telecom Destiny snaps up Telepo and Soluno

Belgian telecoms provider Destiny is marching forward with its goal of becoming the leading European cloud communications solutions for SMEs, announcing its acquisitions of Swedish firms Telepo and Soluno. Telepo has been on the scene since 2003, and provides enterprise-grade unified communications solutions to businesses and service providers, one of whom is/was Destiny. The two […]

Stockholm’s micro-mobility startup Vässla raises $11 million, launches new e-bikes and rental platform

Stockholm-based electric scooter maker Vässla has raised $11 million in a new funding round led by the family-owned investment group headed by Anders Pettersson, Skabholmen Invest. The raise also saw participation from unnamed institutional investors, and notable angel investors eEquity founders Magnus Wiberg and Patrik Hedelin. With this new capital, Vässla reports the launch of […]

Sweden’s battery maker Northvolt raises $2.75 billion, expands factory to 60GWh

Stockholm-based sustainable lithium-ion battery maker Northvolt has raised $2.75 billion in a private placement co-led by Swedish pension funds AP1, AP2, AP3, AP4, and OMERS Capital Markets alongside existing investors Goldman Sachs Asset Management and Volkswagen Group. In the equity raise existing investors AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di […]