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Zimpler raises funding to accelerate its growth within A2A payments

By Joy Dumasia

March 31, 2022

  • A2A
  • A2A Payments
  • account-to-account

Zimpler, a leading Swedish FinTech within the payments space, has raised new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house focused on long-term quality growth.

The investment will enable Zimpler to drive its exponential growth journey further and accelerate the company’s commercial development by broadening its customer base and investing in developing new customer verticals. It will also allow Zimpler to continue the march toward expanding its geographical network, both in Scandinavia and worldwide.

The new funding caps off a busy period for Zimpler. The company that just celebrated its 10th anniversary marked 2021 as its best performing year ever. In 2021 Zimpler’s transaction volumes grew by 176%, fueled by entry into new verticals and markets. Zimpler had vast geographical growth, and its products are now live in 7 countries: Sweden, Finland, Estonia, Germany, Latvia, Lithuania, and the Netherlands. In addition to the high volume growth, the employee count increased by almost 200% compared to last year.

Zimpler offers instant account-to-account payment solutions used by merchants within various segments like travel, e-commerce or creator economy. Earlier this year, the company went live with its new B2B account-to-account solution, designed to simplify in- and outgoing payments for merchants.

Nordstjernan joins Zimpler’s previous investors, including Inbox Capital and CNI, and becomes a minority owner. Zimpler will be the third holding in Nordstjernan Growth’s portfolio. FT Partners acted as exclusive financial advisor in the transaction.

Johan Strand, CEO of Zimpler, said: “Nordstjernan’s investment is an endorsement of our mission to simplify transactions between businesses and people anywhere through simple and instant A2A transactions. We believe that A2A payments are the future, and we can already see more and more sectors appreciating their value and adapting to them. We have experienced rapid growth of our business in the last two years, and Nordstjernan’s investment will allow us to sustain our momentum as we develop new products and expand to new sectors and markets.”

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