Gimi raises SEK18 million more.

Gimi, a Stockholm, Sweden-based provider of financial services based on a mobile application created to teach children how to manage their finances, raised SEK 18 million ($2M).

The money was raised from existing investors at a SEK 150 million ($17.5M) pre-money valuation. The company also announced that Eva Cederbalk will jon the board of the company.

Gimi, founded as Veckopengar in 2014 by CEO Philip Haglund, works for building a business around a digital platform used for teaching children how to handle money in a healthy and responsible way. The company is yet to make money as it produced losses of SEK 21M ($2.4M) and sales of 1M ($120k) in 2020 and has raised a total of $7.7M, with the last money in 2020.

It says that it aims to profit from an increasing demand for technology-based services, as children need to be able to get educated via a digital environment combined with an increased focus on handling personal finance matters.