News

New Investment: Coya

Vidici Ventures partners with Coya – an Insurtech company incorporated in Berlin that is on a mission to re-engineer and modernise the insurance business using a pure play digital approach focused on millennials and other digital natives.

Coya is a consumer-centric, full-stack property and casualty insurance underwriter using cutting edge tech to offer its customers a superior user experience. Coya currently provides coverage across five key segments: home contents; private liability; bike; ebike; and dog insurance with customer acquisition focused purely on digital channels including direct digital, targeted marketing and partner (B2B2C) distribution. Other investors in Coya include Valar Ventures, e.ventures and La Famiglia.

Vidici Ventures looks forward to partnering with the Coya team on the next phase of its growth journey!

Coya-Logo-main

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New Investment: Limina Financial Systems

Vidici Ventures partners with Limina Financial Systems – a FinTech company incorporated in Stockholm, focusing on the provision of cloud-native Investment Management Solutions (IMS) to institutional investors including: order management; portfolio management; risk management; and compliance. Limina empowers its customers to outperform by delivering complex and dynamic information in real-time using highly intuitive, user-friendly design principles that promote superior investment decision making and oversight while reducing operational risk and complexity.

Legacy systems have proven expensive and cumbersome to integrate, upgrade and maintain – Limina provides a technically agile, API-based SaaS solution that has been purpose built on cutting-edge, future-proof tech to address the complex and evolving needs of sophisticated institutional investors across front, middle and back office.

To date Limina has generated strong traction with its institutional client base and has been recognised via numerous industry awards – Vidici Ventures looks forward to partnering with the Limina team on the next phase of its growth journey.

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New Investment: TicketCo

Vidici Ventures partners with TicketCo, a full-service event and ticketing platform company headquartered in Bergen, Norway.

TicketCo’s mission is to help fans focus on what they love by empowering event organisers with modern user-friendly technology. TicketCo offers customers electronic ticketing, pre-event marketing, in-event payments and post-event marketing and analytics. This allows TicketCo customers to eliminate queuing time, to send personalised marketing promotions and for consumers to order and make cashless payments for food, beverages and other merchandise. Event organisers can continuously improve their offerings based on high-quality, insightful event analytics.

TicketCo’s platform creates a “win-win” for fans and event organisers using a holistic approach supported by a cloud-native tech platform.

TicketCo recently won a five-year contract for the Norwegian football league and is now active in four markets: Norway, Sweden, Poland and the UK. This represents a first step of growth in a large global market dominated by legacy solutions.

 

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https://ticketco.events

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New Investment: ReceiptHero

Vidici Ventures partners with ReceiptHero, a FinTech company incorporated in Tampere, Finland focusing on digital receipts – a critical future building block of Europe’s financial services infrastructure.

ReceiptHero’s digital receipt ecosystem allows for real-time distribution of Stock-Keeping Unit (SKU) level receipt data via integrations with Payment Service Providers (PSPs) and Point of Sale (POS) systems with receipt data delivered to customer bank accounts in real-time.

The technology will deliver significant systemic value across the digital receipt value chain to end-consumers, merchants, POS/PSPs and Bank customers and beyond. Importantly, the significant advantages of digital receipts are combined with high potential positive ESG contributions in the form of reduced consumption of paper and oil-based ink products for physical receipts.

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New investment: Cardlay

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Vidici Ventures invests in Cardlay A/S, a Danish FinTech focusing on white-label solutions and cardholder apps for automated travel expense management and VAT reclaims.

Cardlay’s software automates business processes by leveraging the integration between Corporate Cards, Travel Expense Management and VAT reclaim using machine learning and OCR technology.

Cardlay’s customers, including banks and card issuers, can rapidly introduce innovative, client-centric solutions across their card portfolios, while end-customers benefit from significant efficiency gains, driven by the digitalization of the travel expense management and VAT handling.

Cardlay has won a number of industry awards, including the ”Fintech Scaleup Award 2018” and “Best Payment Solutions Fintech Company – Northern Europe” by Wealth & Finance International.

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Lendify storsatsar – fyller på med 1,5 miljarder kronor

Lendify är en av spelarna som slåss om den stora marknaden för lån utan säkerhet, så kallade blancolån eller konsumtionslån. Marknaden har svällt rejält, och var 2017 värd runt 225 miljarder kronor enligt en rapport från Finansinspektionen.

Nu har Lendify säkrat 1,5 miljarder kronor från den amerikanska kapitalförvaltaren Insight Investment. Pengarna är öronmärkta för att lånas ut till svenska privatpersoner, rapporterar Di Digital.

“Det är ett otroligt stort steg för oss att en av världens främsta kapitalförvaltare väljer att investera”, säger Erika Eliasson, strategisk kommunikationschef på Lendify till sajten.

Från början var Lendify en renodlad peer-to-peer-lånetjänst. Idén var att privatpersoner skulle låna ut pengar till andra privatpersoner. Men det visade sig snart att de som ville låna pengar var betydligt fler än de som ville låna ut.

Lendify började därmed skruva om sin modell.

”Vi gör detta för att kunna möta den stora efterfrågan på lån, och vi måste har respekt för att det tar längre tid för privatpersoner att lära sig om detta tillgångsslag”, sade Erika Eliasson då till Breakit.

Nu står istället stora finansiella institutioner för en stor del av kapitalet, även om den gamla peer-to-peer-modellen finns kvar. Lendify har sedan starten lånat ut över 2 miljarder kronor.

Bland Lendifys ägare finns bland andra den forne finansministern Anders Borg, som investerade i bolaget i fjol.

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Vidici Ventures’ portfolio company, Open Payments Europe announces a new funding round of EUR 1.2mn

The ambition is to become a leading platform provider in the EU and to create an ecosystem for Open Banking based on PSD2

Open Payments has received a huge response so far and several collaborations are underway

Stockholm, May 28, 2019: Swedish fintech startup Open Payments is first in the Nordic region to offer a genuine PSD2 aggregated platform that on behalf of third-party providers, and with the end customer’s consent, initiates account-to-account payments and retrieves account information and transaction history, all via one single API. The company now raises a seed round investment of 1.2 MEUR from Brightly Ventures, Luminar Ventures, and selected angel investors. Vidici Ventures has previously invested in the company. The capital will be used to grow the team and launch the platform in the Nordic and European market.

The final date for implementation of the EU directive PSD2 is on September 14th, when the banks have to release their open APIs into production. The Swedish fintech startup Open Payments has prepared for this by, over the past two years, developing a technically advanced platform that enables the company to easily and efficiently integrate with the banks’ APIs. The company has also focused on building a development portal where third-party providers and business partners can develop their own products and services under their own brand-name, using Open Payments white-label solution. This ecosystem of third-party providers and business partners will further enhance the development portal going forward.

Open Payments offers an open and secure access point to the various bank APIs in the Nordic markets, and starting in 2020 Open Payments will expand and integrate with other banks across the EU. A third-party provider can, using one API, gain access to all the EU banks’ diversified APIs and then, through a simple white label solution, use the functions within PSD2.

“Several organisations within the EU claim that they are already operating within the framework of PSD2. The majority of these organisations are using what will soon become obsolete technology and APIs based on screen scraping and reversed engineering, while our platform is fully developed with the latest technology that PSD2 requires, i.e. open and standardized APIs. Therefore, our platform is a much more secure, cost-effective and flexible solution for our customers and their end-users. It gives us a huge advantage over existing solutions that suffer from a large technical heritage”, says Louise Brandt, Co-founder and CCO at Open Payments.

The founding team of Open Payments consists of, in addition to Louise Brandt, who was previously with iZettle where she held several senior positions,  also CEO Jonas Kjellin, with background from the startup scene in the US and many years at Microsoft, as well as Chief Product Officer Per Westin, who has long experience in product- and service development, most recently at Accenture Interactive.

With the new funding, Open Payments will grow the team and launch their platform in the Nordic and European markets. Right now, several collaborations are underway, where the positive response has been overwhelming.

“We met the team some time ago, and are struck by the insight, vision and execution power of the team. We are seeing powerful transformational forces beginning to reshape the global payment service landscape. Open Payments is democratizing payments, for the European retailers, businesses and banks, enabling many new innovations, with a positive effect to European businesses and consumers. One could say that Open Payments transforms and opens up payments, like Linux transformed operating systems”, says Katja Bergman at Brightly Ventures.

For more information or any press related inquiries, press@openpayments.io

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About Open Payments Europe

Open Payments Europe is a Swedish venture capital funded fintech company that, through its unique PSD2 platform for developers and third party providers, offers a groundbreaking “Platform as a Service” (PaaS) infrastructure that is required for Open Banking to become a reality. Founded in 2017, and with offices in Stockholm, Open Payments aim to become the hub of the new ecosystem for Open Banking. Learn more at https://openpayments.io

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Lendify har lånat ut över 2 miljarder

Lendify fortsätter att växa och har nu passerat 2 miljarder kronor i utlånat kapital.

Tillväxten har således fortsatt under förra året och under inledningen av detta året. I maj förra året passerade Lendify nämligen 1 miljard kronor i utlånat kapital. Företaget erbjuder lån utan säkerhet. Antalet aktiva sparkunder på Lendifys plattform ökar också stadigt och är nu drygt 11 000 stycken.
Lendify har lånat ut över 2 miljarder
“Vi har lagt en stabil grund och skapat en skalbar modell vilket vi nu ser effekterna av. Efter fyra år hade vi nått en miljard i utbetalda lån och bara på de tio senaste månaderna har vi gjort ytterligare en miljard”, säger Erika Eliasson, Chief Strategic Communications Officer på Lendify, i en kommentar.

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Lendify säkrar finansiering på 1 miljard kronor

“Ska på allvar utmana bankerna”

Totalt rör det sig om 1 miljard kronor. Pengarna uppges komma från “en stor svensk institution”.

Pengarna som Lendify lånar ska i sin tur användas till egna lån mot privatpersoner.

Lendify säkrar finansiering på 1 miljard kronor – "Ska på allvar utmana bankerna"

 

”Vi ger inte ut några nya obligationer, utan det handlar om en annan typ av finansiering. Lendify har betydligt lägre operativa kostnader än andra aktörer på marknaden, nästa steg är att sänka vår kostnad av kapital. Det här är ett jätteviktigt steg i den processen”, säger Erika Eliasson, chef för investerarrelationer på Lendify till sajten.

Vid årsskiftet hade Lendify lånat ut 1,68 miljarder kronor, med 10.000 privatpersoner och företag som investerare. Under 2018 omsatte bolaget 25 miljoner kronor, med en förlust på 69 miljoner.

”Vi ska bygga ett stort bolag som på allvar utmanar bankerna. Och för att möta den stora efterfrågan på lån tar vi även in institutionellt kapital. Det är en trend som vi även ser internationellt: att aktörer som börjat som en renodlad peer-to-peer-plattform efterhand breddar sin finansiering”, säger Erika Eliasson till Di Digital.

 

https://www.breakit.se/artikel/18161/lendify-lanar-1-miljard-kronor-ska-pa-allvar-utmana-bankerna

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Har lånat ut över 1 miljard – nu ska Lendify ställa om till vinst

Låneutmanaren Lendify växer snabbt. Från att enbart ha matchat ihop privatpersoner som vill låna ut pengar med de som vill låna har man öppnat upp för institutionellt kapital.

I dag är Lendify en av de nya digitala utmanarna på marknaden för lån utan säkerhet, så kallade blancolån. Bolaget har totalt lånat ut 1,1 miljard kronor till allmänheten.

 

Har lånat ut över 1 miljard – nu ska Lendify ställa om till vinst

Samtidigt är Lendify långt från lönsamt.

I bokslutet för 2017 (som omfattar blott 8 månader) syns en omsättning på 25,4 miljoner kronor. Förlusten skrevs till 68,9 miljoner kronor. Så brukar det kunna se ut för startups i tillväxtfas.

Nu vidtar bolaget åtgärder. Det visar ett mejl som under tisdagskvällen gick ut till Lendifys investerare.

“Efter att ha varit i en tillväxtfas går Lendify nu in i en fas där vi även måste se till vår lönsamhet. Det är endast på så sätt som vi långsiktigt kommer att kunna utmana bankerna och deras vinster”, heter det i mejlet.

Erika Eliasson, chef för investerarrelationer på Lendify, vill inte berätta när lönsamhet kan nås.

Hon pekar dock på att blancolånemarknaden är en volymaffär, och att Lendifys tillväxt har tagit fart rejält under det senaste året.

“Vi har nått stora volymer, vilket gör att vi nu börjar se till vår lönsamhet”, säger Erika Eliasson till Breakit.

En konkret åtgärd är att den så kallade serviceavgiften, enkelt uttryckt Lendifys andel i affärsmodellen, höjs. Tidigare har intervallet legat på 0-4,5 procent. För nya investerare blir serviceavgiften 0-5,5 procent.

 

https://www.breakit.se/artikel/15208/de-har-lanat-ut-over-1-miljard-nu-ska-lendify-stalla-om-till-vinst

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