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FinTech investment in Stockholm: March 2016

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We presented some updated numbers around investment into FinTech in the Stockholm region. This report was commissioned by the Stockholm Business Region.

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FinTech investment in Stockholm: March 2016

  1. 1. Fintech in Stockholm 7 April 2016 Robin Teigland, Professor, SSE – robin.teigland@hhs.se Claire Ingram, PHD Candidate, SSE – claire.ingram@hhs.se Nicholas Wesley-James, MSc Candidate, SSE – nick.wesleyjames@gmail.com 1
  2. 2. Highlights from last years report 2 531.9m 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
  3. 3. Stockholm’s Path to Fintech Success 3
  4. 4. Over the past year 4
  5. 5. Stockholm Fintechs moving in on traditional bank territory 5 Inspiration from CB Insights, SEB base webpage slightly modified to make more room
  6. 6. 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 6 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
  7. 7. Continued Strong Investments in Stockholm Fintech Companies 72015 estimate based on 2014 growth rates. m USD 658.5m USD Invested over the past 5 years >14bn SEK Estimated 2015 Revenue for Stockholm Fintechs >5800 Estimated 2015 Employment for Stockholm Fintechs 181.6 55.4 17.6 266.2 137.7 2011 2012 2013 2014 2015 Investments in Stockholm Fintech Companies
  8. 8. Two payments rock stars paving the way 8Description 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
  9. 9. Who invests in Stockholm Fintech Companies? 9
  10. 10. Stockholm Fintech at a glance
  11. 11. Stockholm hits 100 Fintech companies in 2015 11 0 10 20 30 40 50 60 70 80 90 100 2015201420132012201120102009 #ofCompanies FinTech Companies in Stockholm by Segment Payments Other FinTech Lending Trading and Banking Tech Wealth Management Crypto Currency Crowdfunding Acquired companies included in these totals
  12. 12. 12 +
  13. 13. Implication of the Payment Services Directive • Payment services directives 2 passed on January 12 • Must be included in domestic legislation in 2 years • Among other things, requires that banks open up, operate as APIs • Intention is to improve consumer experience • Some precedent (e.g. Tink), but no longer discretionary • What does this mean for FinTech? 13
  14. 14. Questions? 14Image credit investstockholm.com Acknowledgements Björn Bergström, Industrifonden, for help identifying companies Stockholm Community, for help crowdsourcing companies

We presented some updated numbers around investment into FinTech in the Stockholm region. This report was commissioned by the Stockholm Business Region.

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