1.
Fintech in Stockholm

2.
Over the past year
2

3.
181.6
55.4
17.6
266.2
137.7
2011 2012 2013 2014 2015
Continued strong investment in
Stockholm Fintech companies
3
USD
mln
USD 658.5 mln
Invested over past 5 years

4.
Who invests in Stockholm Fintech?
4

5.
Stockholm hits 100 Fintech companies
5
0
10
20
30
40
50
60
70
80
90
100
2015201420132012201120102009
#ofCompanies
Stockholm Fintech companies by segment
Payments
Other FinTech
Lending
Trading and Banking Tech
Wealth Management
Crypto Currency
Crowdfunding
Acquired companies included in these totals

6.
Steady growth in revenue and employees
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
0
2
4
6
8
10
12
14
16
2010 2011 2012 2013 2014 2015 (est)
Revenue(bnSEK)
Revenue Employees
2010, 2011 from previous Fintech report. 2012-2014 from largestcompanies.se, retriever databases. 2015 est. using 2014 growth rate
2015
>14bn SEK Revenue >5800 Employees

7.
Stockholm’s path to Fintech success
7

8.
Moving in on traditional bank territory
8Inspiration from CB Insights, SEB base webpage slightly modified to make more
room

9.
9
+

10.
The future of blockchains and bitcoin?
15.0m USD
Accel, Creandum,
GP Bullhound, Martin Wattin
10.0m USD
Northzone, White Star Capital
0.7m USD
Crowdfunding, Techstars
>1bln USD
invested

11.
EU Payment Services Directive (PSD)
• Payment Services Directive 2 (PSD2) passed on January 12, 2016
• Must be included in domestic legislation in 2 years
• Among other things, requires that banks open up, through APIs
• Intention is to improve consumer experience
• Some precedent (e.g., Tink), but no longer discretionary
• What does this mean for FinTech?
11

12.
Questions?
12Image credit investstockholm.com
Acknowledgements
Björn Bergström, Industrifonden, for help identifying companies
Stockholm Community, for help crowdsourcing companies

13.
Highlights from last year’s report
13
531.9m USD
Invested in Stockholm Fintech companies over 2010-
2014
18.7%
Of total EU Fintech funding invested in Stockholm
companies over 2010-2014
7.7%
Of total EU Fintech deals involved Stockholm
companies over 2010-2014

14.
137.7m USD in funding to Stockholm
Fintech companies in 2015
66.6m USD
Intel, Zouk Capital,
Creandum, Dawn
Capital, Index Ventures,
MCI Capital, Northzone
15.0m USD
Accel, Creandum, GP
Bullhound, Martin
Wattin
10.0m USD
Northzone, White
Star Capital
1.9m USD
Undisclosed
1.4m USD
Northzone,
Undisclosed Angels
0.6m USD
Peter Gyllenhammar
0.6m USD
NFT Ventures
0.5m USD
Andreas Bonnier
0.7m USD
Crowdfunding,
Techstars
Undisclosed Undisclosed
Aggregate Media
Undisclosed
NFT Ventures
Undisclosed
NFT Ventures
14
38.0m USD
Kinnevik, LeapFrog
0.7m USD
NFT Ventures
0.5m USD
Karl Johan Persson
1.2m USD
Staffan Persson, Thord
Wilkne
Undisclosed
NFT Ventures

15.
Two payments rock stars paving the way
15Description and total funding taken from Crunchbase
Klarna provides e-commerce payment
solutions for merchants and shoppers.
Founded: 2005
2014 Employees: 1 017
2014 Revenue: 2 200m SEK
Disclosed funding to date: 291.3m USD
iZettle, a leading mobile payments company,
offers small businesses portable point of sale
solutions and free sales overview tools.
Founded: 2010
2014 Employees: 167
2014 Revenue: 190m SEK
Disclosed funding to date: 244.0m USD

16.
2015 private investments in Stockholm Fintech companies
totaled 137.7m USD, 5 year total of 658.5m USD
Company Segment 2015 Investment (m USD)
iZettle Payments 66.6
Bimamobile Other FinTech 38.0
KNC Miner Crypto Currency 15.0
Cryex Crypto Currency 10.0
Tessin Crowdfunding 1.9
Qapital Wealth Management 1.4
ET Network Payments 1.2
Mr Shoe Box Other FinTech 0.7
Safello Crypto Currency 0.7
Capcito Lending 0.6
Pensionskraft Wealth Management 0.6
Fidesmo Crypto Currency 0.5
TradeVenue Wealth Management 0.5
Depos Payments Not Disclosed
Barnpengar Wealth Management Not Disclosed
Consector Lending Not Disclosed
Leaseonline Lending Not Disclosed
Nordkap Other FinTech Not Disclosed
181.6
55.4
17.6
266.2
137.7
2011 2012 2013 2014 2015

17.
Fintech companies by segment
Segment 2009 2010 2011 2012 2013 2014 2015
Crowdfunding 0 1 2 3 3 7 7
Crypto Currency 0 0 0 3 5 9 10
Wealth Management 2 2 2 4 5 9 10
Trading and Banking
Tech
14 15 15 15 15 15 16
Lending 5 6 6 8 9 14 16
Other FinTech 4 7 9 12 13 17 18
Payments 10 12 16 18 20 22 23
Total 35 43 50 63 70 93 100
Fintech companies in Stockholm existing per year
0
10
20
30
40
50
60
70
80
90
100
2015201420132012201120102009
#ofCompanies
Payments
Other FinTech
Lending
Trading and Banking Tech
Wealth Management
Crypto Currency
Crowdfunding

18.
Stockholm Fintech at a glance

19.
Fintech companies founded in 2014/2015
Company Founding Year Description Segment
Digital Portfolio Control 2015 Software to monitor, report and control institutional asset portfolios. Trading and Banking Tech
Inkassogram 2015 Simplifies debtor and creditor relationship Lending
Lenovium 2015 Mortgage maturity optimization service Lending
Primepilot 2015 AI based investing advice Wealth Management
XBT Provider 2015
XBT Provider manages Bitcoin Tracker One and Bitcoin Tracker Euro. With these
instruments anyone can invest in Bitcoin as ETN:s, exchange-traded notes, from
anywhere in the world
Crypto Currency
ZignSec 2015
ZignSec is Scandinavia´s most modern verification platform. ZignSec help bank
customers (Merchants) to verify users through a series of look-ups in real-time; Nordic
eID, IP-checks, device geolocation, device usage, blacklists, credit checks, AML checks
and much more.
Other FinTech
Zimpler 2015 Mobile gaming focused payment service provider Payments
Cryex 2014 Institutional financial trading platform Crypto Currency
Capcito 2014 Short term loans against receivables Lending
Tessin Nordic 2014 Property Crowdfunding Crowdfunding
TradeVenue 2014 Social meeting place for savers Wealth Management
Pensionskraft 2014 Pension comparison and monitoring Wealth Management
Barnpengar 2014 Personal finance tool for children Wealth Management
Consector 2014 Personal loan comparison services Lending
Leaseonline 2014 Online car leasing service Lending
Billecta 2014 Billing software Other FinTech
Bitrefill 2014 Recharge your mobile phone with bitcoin Crypto Currency
Chromaway 2014 Enterprise platform for coloured bitcoins Crypto Currency
Co-Owning 2014 Crowdfunding for real-estate investments Crowdfunding
Leasify 2014 Business lease managagement system Other FinTech
lendify 2014 Loans between private individuals Lending
Monetise 2014 Short term loans against receivables Lending
NOWO 2014 Credit card with automatic retirement savings Other FinTech
Pensionera (Pensionera förmedling i Sverige
AB)
2014 Pension comparison and monitoring Wealth Management
Pepins (Pepins Nordic AB) 2014 Equity crowdfunding platform Crowdfunding
Prello 2014 mobile POS Payments
Qliro AB 2014 Online payment solution provider Payments
Sciety 2014 Health and Lifescience business crowdfunding platform Crowdfunding
Slipp 2014 Accounting solutions provider Other FinTech
Strawpay 2014 Developing a highly scalable open transaction protocol Crypto Currency