Skilling completed capital investment for launching its product.

Skilling, a Stockholm, Sweden-based company operating an online brokerage marketplace for high risk financial titles, completed a SEK 100M ($11M) investment round.

The money was provided by a range of Swedish investors, including Optimizer Invest, Prioritet Finans, Martin Larsson, Erik Bergman and Anders Berglund.

Skilling, founded in 2018 and led by CEO Anders Berglund, is an online broker that offers CFD trading on instruments from markets around the world.

In finance, a contract for difference (CFD) is a contract between two parties, typically described as "buyer" and "seller", stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time (if the difference is negative, then the buyer pays instead to the seller).

In effect, CFDs are derivatives that allow traders to take advantage of prices moving up (long positions) or prices moving down (short positions) on all underlying financial instruments. They are often used to speculate on markets.

The service is primarily aimed at users who have prior knowledge of trading in financial instruments, but also open up for those who are interested in learning more.

The company, which operates based on a trading licence from Cyprus, intends to open their trading platform to users from Sweden, Norway, Germany and the United Kingdom in the early parts of 2019. Skilling has 35 employeees based in offices located in Cyprus (CIF), Malta and Spain.