Stoer closes a SEK 4M investment round to further develop and launch a digital mortgage product in 2018.
Stoer, a Stockholm, Sweden-based startup working on a SAAS mortgage solution closed a new investment round totalling SEK 4M ($). The money comes from undisclosed local private investors and will be used to finish the product prototype and make it ready for launch in 2018.
Stoer, founded in 2016 by Pär Isaksson and Niklas Hjälmsäter, is developing a platform that aims to digitalise the banks’ mortgage processes, by streamlining the entire flow from user interface to IT operations.
Prior to this deal, Stoer raised SEK 1.65M ($180k) in December 2016.