Mynt raised €22M in a Series B funding led by Vor Capital to expand its business expense management platform across Europe and the UK.

Dec 11, 2024•about 1 year ago

Amount Raised

€22 Million

Round Type

series b

StockholmFintechSoftware

Investors

IncoreCniVor Capital

Description

Mynt, a Stockholm-based fintech company, has secured €22 million in Series B funding at a valuation of €175 million. The investment will help enhance Mynt's product offerings and capitalize on the growing demand for spend management among SMEs.

Company Information

Company

Mynt

Location

Stockholm, Stockholm County, Sweden

About

Mynt is a powerful corporate credit card and spend management platform that gives companies full control over team expenses in real time. Designed to eliminate personal expenses and the hassle of chasing receipts, Mynt automates the entire process—receipts are submitted and synced directly with accounting after every approved transaction. Founded in Sweden in 2019, Mynt holds an E-money license and is a Visa Principal Member, meaning it issues its own cards and delivers a seamless, trusted financial experience that empowers teams while saving countless hours.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends