Wrapp receives SEK 30M more from existing investor, Nordea.
Wrapp, a Stockholm, Sweden-based company providing financial rewards via debit or credit card usage, announced raising SEK 30M ($3.6M) in an equity investment round supported by its existing investor, Nordea.
Wrapp, founded in 2011 by CEO Aage Reerslev, has developed a digital loyalty model connected to the usage of credit or debit cards. The company boasts 230,000 users, with 130,000 having linked one or more cards from six different banks.
Prior to this transaction, Wrapp raised about $40M in outside funding, from investors such as Atomico, Creandum, or American Express Ventures.