Zaver completes a $1.2M capital round from Inbox Capital, Inventure and a range of Swedish angel investors.

Zaver, a Stockholm, Sweden-based company operating a peer-to-peer consumer payments platform, announced completing a SEK 11.5M ($1.24M) capital investment round. 

The money was provided by institutional and private Nordic investors, including Inventure and Inbox Capital, as well as Joen Bonnier, Tom Dinkelspiel, Pontus Hagnö, Fabian Hielte, Bo Mattsson, and Fredrik Österberg.

Zaver, operated by Frink AB and founded in 2016 by Amir Marandi, Linus Malmén and Filip Gauffin, built a business around a payment solution for p2p transactions which was developed by the founders while students at KTH Royal Institute of Technology. The company aims to facilitate trades between peers by enabling the use of flexible payment methods such as direct payments, “buy now, pay later” and installments.

The company also works for a SAAS solution - Zaver for Business - a platform enabling merchants and users to reduce transaction costs and to increase conversion.

The typical user of Zaver is described by the company as a plumber wanting to buy VW Golf now and pay later or a young student trying to sell his iPhone on a classified site in a safe and secure manner.  The typical Zaver for Business customer company selling its products on omni-channels whether offline or online.

Prior to this deal, Zaver raised about half a million dollars.