SEB Venture Capital is making an investment in one of Europe’s fastest-growing automated savings platforms, Lysa. As part of the investment, SEB will support the company’s continued growth and international expansion. Lysa is Stockholm based and recently announced a 33 million EUR funding round.
The company was founded in 2015 and has recently become one of the largest and fastest-growing automated savings platforms in Europe. With 100,000 customers and 18 billion Swedish kronor (1.7 billion euros) in assets under management, Lysa is now looking to expand into new European markets.
“We’ve been following Lysa’s journey for some time as we are always looking to work with companies that bring fresh perspectives to our industry,”
says Christoffer Malmer, head of SEB’s innovation studio SEBx and a member of SEB Venture Capital’s investment committee.
“The investment in Lysa reflects our continued commitment to support and leverage innovation in the fintech ecosystem through identifying, working with and investing in leading fintech startups.”
With its broad international presence and leading position in market infrastructure, SEB aims to explore opportunities to broaden the partnership over time and support Lysa’s continued growth in Europe.
“We’re happy and proud that SEB has chosen to invest in Lysa and for the trust that our customers and owners are showing us. It takes time to build a great company, and this new round of funding and support will create even better conditions to bring our product to more customers and continue our growth journey”,
says Patrik Adamson, CEO and co-founder of Lysa.
Lysa is raising a total of 350 million kronor in a financing round and SEB Venture Capital is making an investment of 100 million kronor, becoming a minority owner in the company.
“Lysa is well positioned to become a leading fintech in the automated savings sector in Europe,”
says Johan Wolf, head of SEB Venture Capital.
“We’ve seen many Swedish fintechs making it on the international stage and we are looking forward to supporting Lysa as they expand into new markets.”
The current shareholders of Lysa have extended their commitment and are funding most of the new round. Also joining as a new investor is Ramsbury Invest.