Springville to raise funding from local investors from Sweden.

Springville Scandinavia, a Stockholm, Sweden-based startup providing a consumer software solution for streamlining pension insurance management, announced that it secured a capital funding round.

Financial details were not disclosed. The funding was raised from angel investors from Stockholm including Stefan Mahlstein.

At the same time, the company announced that Paola Palacios, with experience from Advinans, Brummer Life and Avanza Pension, has been appointed as the new CEO of the company.

Springville was founded in 2018 by Per Lindhe and Annika Saramies and launched a service called BytaPension which provides automatic administration of financial processes in banking and pensions.