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Sunday, July 3, 2022

Swedish fintech Centiglobe raises €5M

Confidus Venture Capital has reached an agreement to acquire an equity stake in Centiglobe, a Stockholm-based Fintech firm providing an Instant Global Payment platform. The total investment will “exceed EUR 5 million over the investment period,” the announcement confirmed.

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Centiglobe is an Instant Global Payment provider with a tech platform that allows financial institutions and international corporations to “execute instant global payments across countries, continents and currencies.”

The Centiglobe platform provides a single infrastructure that “delivers frictionless instant payments in a multi-currency environment.”

The platform aims to provide  a “decentralised, global solution that eliminates the need of the many intermediaries and that gives banks, financial institutions and businesses the possibility to send and receive payments globally.” Confidus Venture Capital is “a niche Venture Capital firm based out of Stockholm, Sweden focused on investing in innovative and disruptive companies driving transformational automation across industries.”

Peter Dahlgren, Co-Founder, Confidus said:

“The philosophy of Confidus is to invest in companies with a disruptive capability that are underpinned by the megatrends of digitalisation and automation. We invest in high value and exclusive companies that we can help build together with the management team. The international payments and treasury space will become disrupted by players enabling instant, cost-effective transfers.”

Henrik Gradin, Founder at Centiglobe, stated:

“We are excited to have Confidus Venture Capital join us on our journey of developing the financial industry, offering instant global payments and automating payment processes. We are grateful to have Peter join the board. His experience from the financial sector including roles such as the CEO of Nordnet and Executive Board member at SEB will bring very valuable perspectives to automation and the financial industry which will be beneficial to us.”

Petter Sandgren, CEO at Centiglobe, remarked:

“Centiglobe will be using this infusion of funds from Confidus and other Angel Investors to invest further into its R&D capabilities to enhance the Centiglobe platform, secure patents as well as to further ramp up the sales and delivery capabilities in order to disrupt the international payments and treasury space.”

Confidus mainly focuses on “realizing long-term exponential growth in unique companies like Centiglobe, and raises its capital from experienced business people in control of their own funds.”

 

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