Dreams raised $9M from existing investors.

Dreams, a Stockholm, Sweden-based company providing financial services via a mobile application, completed a SEK 90M ($9M) capital investment round.

The funding was backed by existing shareholders in the company. Money will be used for product development and an expansion to Germany

Dreams, founded in 2013 by CEO Henrik Rosvall, built a mobile app dedicated for young people interested in saving money. Prior to this round, the company raised more than $22M from investors including Åland Bank, Storebrand and AXA Investment Managers.