Swedish loyalty banking card Wrapp gets a convertible loan from Collector Ventures and Länsförsäkringar Bank

Sweden 01 December 2016
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Wrapp, based in Stockholm, received fresh money, totalling SEK 30M, in a convertible loan.

The loan comes from Collector Ventures and Länsförsäkringar Bank and can be converted into an equity stake of around 5 percent.

Wrapp, founded in 2011 and led by CEO Aage Reerslev, provides a shopping and loyalty app that connects directly to a banking card.

Previously the company raised about $34M and has Nordea, H&M and Klarna among its investors.

Total investments received (USD): 41.02M
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