Kaching raises SEK 30M from Creades for launching a cloud-based mobile platform for ecommerce.

Kaching, a Stockholm, Sweden startup providing a mobile platforme for ecommerce vendors, raised SEK 30M ($3.32M) from Creades.

The money will be used for launching the product, a mobile checkout solution that replaces the fixed devices now used in trade.

Kaching was launched late on 2016 as a spinoff from Swedish software developer Dynamo, and is led by the same CEO, Mathias Plank. Other investors in the project include Daniel Soussan and Richard Båge.