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Thursday, June 30, 2022

Swedish fintech Invoier gets €4.1 mln injection from EU

Stockholm-based fintech company Invoier, which has built a marketplace for the trading of invoices, said it has secured a 4.1 million euros equity funding by EU’s innovation organization, the European Innovation Council (EIC) Fund.

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The marketplace is built on a unique AI-based risk assessment method, making it possible for professional investors to enter a new asset class and bid in real-time, aiming to challenge the 3 billion euros factoring market.

“I am glad to announce the EIC Fund support to this disruptive company aiming at creating new strategies to improve SMEs competitiveness. Thanks to a cutting-edge tool, Invoier enables a more focused and accurate risk assessment.”

Stéphane Ouaki, Head of the European Innovation Council (EIC) department and Chair of the Investment Committee of the EIC Fund

The parties will jointly address the European market and successively continue the expansion towards a fair and transparent global factoring spot market, based on advanced risk prediction. The ambition is to empower European SMEs, making them more competitive, improving their possibilities to grow and in turn providing new job opportunities.

“Small and medium-sized enterprises are the core of the European economy, constituting more than 25 million
companies and accounting for over two-thirds of the workforce. Making sure these companies have fair
opportunities affect millions of people and we are more than pleased to have the opportunity to contribute in
this way”.

Fredrik Mistander, CEO and Co-founder, Invoier

Established in June 2020, the European Innovation Council Fund (EIC Fund) is an initiative of the European Commission to make direct equity and quasi-equity investments (between €500.000 and €15 million) in European high impact, deep tech startups.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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