Yabie, a Stockholm, Sweden-based fintech company, announced that it secured €15 million at a valuation of €91 million in oversubscribed funding.

The round was led by a new investment fund, Absolute Unlisted, with €5.7M. Swedbank, NFT Ventures, Brightly Ventures, and Ilija Batljan also participated in the round. To date, Yabie has secured €50 million in funding. 

The latest funds will enable Yabie to accelerate the development of its platform and expand to new markets.

Company: Yabie AB

Raised: €15.0M

Round: Unknown

Funding Month: June 2022

Lead Investors: Absolute Unlisted

Additional Investors: Swedbank, NFT Ventures, Brightly Ventures, and Ilija Batljan

Company Website: https://yabie.com/

Software Category:  cloud-based checkout and payment solutions 

About the Company: Founded in 2017 by Mathias Plank, the Stockholm-based startup offers cloud-based checkout and payment solutions for SMEs in the Swedish market. The platform helps SMEs spend less time on administration and reporting and more time on doing what matters.

The company’s all-in-one solution includes the software, the hardware, the checkout system, and payment options, all of which can be easily customized to fit with accounting. Currently, Yabie has more than 4000 enterprise customers in Sweden and is handling over 100M transactions annually with a transaction volume exceeding €380M. 

Source: https://siliconcanals.com/news/startups/stockholm-yabie-bags-15m/