Tuesday, May 21, 2024
HomeFeaturedGood news for companies. Crediwire raises DKK 50 million.

Good news for companies. Crediwire raises DKK 50 million.

New capital for the fintech company Crediwire, means an easier everyday life and a brighter future for more small and medium-sized companies in Denmark – and now also abroad.

Over the past 12 months, Crediwire has more than doubled the number of companies using the platform. With ongoing real-time data from more than 14,000 companies, Crediwire creates better financial experiences for the companies themselves but also for their bank and their accountant / bookkeeper.

With data from Crediwire, companies get optimal opportunities to build a stronger business directly with their bank / accountant. For example, companies can reduce the preparation time by up to 10 hours before a bank meeting.

The new investment of DKK 50 million DKK, Crediwire will invest in expansion to Sweden and other European countries.

“Today we already have the first accounting firms in Sweden that use the system together with their clients.” – says Nicholas Meilstrup, CEO, Crediwire.

“There is a huge demand for our service from countries like the Netherlands, Spain, England and France. We can not go after all the markets at the same time, but the great demand emphasizes that there is a great need for small and medium-sized companies to make the collaboration with the bank and accountant / accountant more smooth and ongoing – instead of just once a year . ”, Says Nicholas Meilstrup, CEO, Crediwire.

 89% of companies want to share data with their bank. As many as 93% of companies want a more digital accountant (Survey from Visma e-conomic). for example, companies can reduce time consumption by up to 10 hours per time they have to go to the bank.

The goal is to help companies, accountants and banks create a common platform that makes SME financing and advice easier and more proactive.

“Today we are 16 employees in Crediwire, with our new investment we expect to be 40 in the team in 12 months. The goal is to be able to deliver on the enormous demand we experience. ” says Nicholas Meilstrup.

“We are proud and humbled to announce our largest investment round to date. The investment round is composed of a very interesting field of investors from both Denmark and abroad, including also from countries we intend to enter. ” – says Chairman of the Board Jørgen Horwitz.

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.

Most Popular

Popular Themes