Yabie takes 26 MUSD in pre-IPO round

Yabie, the Swedbank-backed fintech company based in Stockholm, takes 26 MUSD in a pre-IPO financing round. Yabie is now preparing for an Initial Public Offering and international expansion as its next steps.

Founded four years ago, Yabie has been dubbed a “Zettle on steroids”. With a modern, mobile Point of Sales solution, that serves the SMB market as well as larger enterprises, the Stockholm based fintech company grew by more than 400 % last year. Among Yabie’s customers is IKEA of Sweden, which uses Yabie’s mobile Point of Sale in all of its Swedish stores.

“The COVID-19 pandemic has forced many merchants and restaurateurs to find new ways to make their businesses more agile. We offer a modern payment solution that keeps costs down and gives consumers the best possible experience. With Yabie, we’re helping to minimize queues and maximize sales at a time when we hope it can really make a difference”, says Mathias Plank, founder and CEO of Yabie AB.

The 26 MUSD financing round, where Pareto Securities acted as Sole Manager and Bookrunner, was oversubscribed and Yabie has attracted the attention of both Swedish and international investors. Among the investors in this round are current owners Swedbank, Brightly Ventures and NFT Ventures, as well as a number of new players. The money raised will primarily be used towards investments in the continued development of Yabie’s technical platform and towards a planned expansion to new markets.

“Being based in Stockholm has been a real asset for us. A fintech hotbed, Stockholm is second only to Silicon Valley in producing billion-dollar companies per capita. Skype, King, Mojang, Klarna, Spotify and iZettle are all unicorns founded in Stockholm so there is a lot of talent and entrepreneurship here that we have benefited from. But Sweden is still only the start of our journey and we’re now ready to start rolling out internationally. We’re also not ruling out further acquisitions as part of our growth strategy”, Mathias Plank points out.

“Looking ahead, we’re considering the opportunity to take Yabie public, as a natural progression for the company we’re building”, he continues.

For more information, please contact:

Mathias Plank, Founder & CEO, Yabie, tel: +46 70 5360200, mathias@yabie.com