Corpia Group secured a convertible note of SEK 100M backed by Thiel Capital Management

Corpia Group, a Stockholm, Sweden-based provider of financing solutions for other companies, announced that it secured a SEK 100M ($11.5M) in funding added to the company's books.

The money was raised via a convertible note backed the the US-based Thiele Management.

Corpia, founded in 2012 by siblings David Malmborg and Jacob Malmborg, provides a B2B lending service, offering term-loans to small and medium sized companies at attractive rates.