What is MYNT?
MYNT, established in 2018 by Baltsar Sahlin, Johan Obermayer, and Magnus Wideberg, addresses the inefficiencies in traditional accounting systems by providing innovative spend management solutions and accounting automation. The company offers a platform for larger partners, including banks and accounting software providers, to embed card and spend management functionalities. MYNT aims to expand its services to all Nordic markets by 2025, serving over 12,000 SMEs and significantly reducing administrative burdens through automated processes.
How much funding has MYNT raised?
MYNT has raised a total of $23M across 1 funding round:
Other Financing Round
$23M
Other Financing Round (2024): $23M with participation from Club Network Investments, Incore Invest, and Vor Capital
Key Investors in MYNT
Club Network Investments
Club Network Investments is a Stockholm-based firm focused on accelerating the growth of entrepreneurial businesses, having supported around 30 Nordic companies with a flexible and pragmatic investment approach aimed at sustainable shareholder value.
Incore Invest
Incore Invest specializes in growth-stage investments within the internet and technology sectors, leveraging sector expertise and extensive networks to support its portfolio companies, including other fintech solutions.
Vor Capital
Vor Capital LLP, a London-based financial services firm regulated by the FCA, focuses on investment management and advisory services, emphasizing stewardship and shareholder rights for its institutional and high-net-worth clients.
What's next for MYNT?
With this major enterprise-level funding, MYNT is poised for substantial growth and market expansion across the Nordic region. The strategic investment signals confidence in the company's innovative approach to automating spend management and accounting. This capital will likely fuel further development of its platform, enhance its partner ecosystem, and support its ambitious goal of serving a large SME base by 2025. The company's focus on embedding solutions within larger financial platforms suggests a strategy aimed at broad adoption and integration within the financial services industry.
See full MYNT company page
