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HomeNewsDedicated Fintech VC raises €30M for early-stage investments.

Dedicated Fintech VC raises €30M for early-stage investments.

Upfin is here to support exceptional fintech founders with capital, deep industry expertise, and an unparalleled network within financial services. Upfin is led by a team with extensive experience founding, operating, and supporting fintech. At first closing Upfin is backed by a sovereign wealth fund, a pension fund and a financial services union with €30m.

A Nordic edge with global potential

Upfin originates from a Nordic base, but looks to invest across Europe and the Baltic region as well. The Nordics as base have produced an incredible lineup of global fintech solutions and proven themselves a unique ecosystem with a competitive edge for being the launchpad for tomorrow’s financial services. Upfin is here to fuel that edge with dedicated capital, supporting exceptional teams in the very early stages and building the foundation for growth.

Specialized and early

In an industry where a little in-depth knowledge goes a long way, a lot of it goes a long way further. Upfin will invest at the pre-seed and seed stage, leading rounds and joining as the specialized co-investor. Behind Upfin is Johan Lorenzen, Managing Partner and Oliver Sjöstedt, Principal. Johan Lorenzen can leverage his extensive experience as a founder, CEO, investor and board member in several leading fintech companies. Oliver Sjöstedt adds the experience of having supported hundreds of fintech founders and investors and a background as a founder, management consultant and angel investor.

“As specialists, we have built sector-specific expertise and network at a level which doesn’t make sense for either a founder or a generalist investor to do, positioning us as the ideal partner for both,” says Johan Lorenzen, Managing Partner.

Originating from the Nordic fintech community

Upfin is a fund with a unique strategic partnership with Copenhagen Fintech. Upfin can leverage a world-class platform of financial institutions, investors, founders, and expert advisors in the Nordics and beyond.


Upfin is a Nordic VC dedicated to early-stage fintech, with a first close announced in May 2022 of €30m, with room to bring on additional investors for a second close. The investors behind Upfin are Vækstfonden, a Sovereign Wealth Fund; Veliv, an innovative Pension Fund; and Finansforbundet, the leading Financial Services Union. Through Fund I, the team aims to invest in 15-20 fintech companies.

Chris Crespo
Chris Crespo
Chris is a Founding Partner and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial ideas into easy-to-understand content. With nearly 20 years of experience in management consulting and financial services, including leadership roles with some of Europe's largest banks, he offers profound industry insights. Previously serving as the Chief Futurist at the largest bank in the Nordics, Chris has sharp views on the Future of Financial Services, Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, Singularity University and Copenhagen Business School, where he frequently discusses the future of Money, Finance, and Entrepreneurship in Financial Services. As a Behavioral Economist, Chris is passionate about studying how human behavior and decision-making relate to risk. He also delves into the connections between psychology, leadership, and technology within financial services.