Stockholm, Sweden, 22 July 2026
SUMMARY
ARTICLE
A strengthened capital base
According to the Company's adopted annual report for 2025, total assets increased to SEK 30.3 million (SEK 25.7 million in 2024) and equity increased to SEK 30.3 million (SEK 25.6 million), an increase mainly explained by a shareholder contribution of SEK 7.9 million during the year. The equity ratio amounted to 99.8 per cent, reflecting that the Company is virtually debt-free.
The Company is still in its commercialisation phase and, as in previous years, reported no net revenue in 2025. The result for the year amounted to SEK –3.2 million (SEK –0.7 million in 2024), reflecting continued investments in platform development, licensing processes and the expansion of the Group's operations ahead of upcoming launches.
External valuation analysis
Fintegrity Corporate Finance was retained by the Company to conduct a scenario-based valuation analysis of the Fintech Capital Sweden Group as of the valuation date, 1 June 2025. The analysis indicates an Enterprise Value in the range of SEK 422–657 million, with a median value of approximately SEK 519 million, based on the Group's growth targets for 2028 and management's forecasts.
In the report, Fintegrity particularly emphasises that the assessed value refers to a future scenario that has not yet been achieved, based on forecasts provided by company management, and should not be regarded as a qualified assessment of the Company's current market value based on existing assets and operations. The full valuation report is attached for those who wish to read the methodology and assumptions in their entirety.
Building towards a regulated bank
Through the subsidiary Cardinal Money, the Group is building a digital bank for small and medium-sized enterprises with services in multi-currency accounts, payments, payment cards, lending, treasury services and AI-driven financial automation. Cardinal Money is currently in the application process to renew and obtain a new EU licence as a European Electronic Money Institution (EMI), which would enable regulated financial services with so-called passporting throughout the European Economic Area (EEA).
Continued progress towards an IPO
The Company's objective remains to carry out an IPO. Fintech Capital Sweden is in ongoing dialogue with relevant parties, including Spotlight Stock Market, as well as with the Company's financial advisors responsible for the listing process. An updated timetable for the IPO will be communicated separately.
Appendices
The following documents are attached to this press release for those who wish to read more:
For further information, please contact:
Admin, Fintech Capital Sweden AB
Email: admin@fincapsweden.com
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Fintech Capital Sweden AB (publ) is a public limited liability company whose shares are not listed or admitted to trading on any regulated market or MTF. The information on this website does not constitute an offer to subscribe for or acquire securities and should not be regarded as investment advice. Investments in unlisted companies are associated with high risk, limited liquidity, and may result in the loss of the entire invested amount. Historical returns are no guarantee of future returns. The company's share register is maintained by Euroclear Sweden AB.