Econans to raise SEK 15 million from existing investors.

Sweden 09 July 2021

Econans, a Gothenburg, Sweden-based startup providing digital financial forecast services, announced a capital fundraising of SEK 15 million ($1.8M).

The money was raised from existing investors, including NJORD Ventures, Provider Capital, Almi Invest, and angel investors Jonas Geijer and Staffan Hanstorp (both Addnode founders), as well as Michael Wolf, Swedbank's former CEO.

At the same time, the company announced the launch of an advice robot for household finances, which can be efficiently integrated into the banking sector’s business environment, as it allows banks to offer their clients personal, proactive and automated tips of high quality and scalability.

Econans, founded in 2017 by David Klamer and Tobias Lewandowski, developed a cloud-based personal finance service that provides forecasts and lets the user test different economic scenarios and experiment to make long-term suitable choices. Customers include Landshypotek Bank, Fastighetsbyrån and Länsförsäkringar.

Econans previously raised about $1 million, in two tranches - one in 2020 and the other in 2019.

Total investments received (USD): 2.7M