NFT Ventures partners with the European Innovation Council Fund (EIC Fund) by completing the funding of the fintech innovator Invoier – provider of a global, online, real-time, AI-based spot market for factoring.
In order to relieve the European credit crunch, Invoier has set out on a mission to provide better financial conditions for small and mid-sized companies. First out the company has built and established a competitive marketplace for fair and transparent trading of invoices, challenging the EUR 3,000 billion European factoring market. The Stockholm-based investment company NFT Ventures specializes in identifying fintech innovations and, at an early stage, invests in high tech, disruptive and scalable businesses transforming the banking industry.
“Invoier has great potential and the opportunity to fundamentally change the financial conditions for small and mid-sized companies, by providing factoring through a technically advanced and scalable innovation. Invoier meets NFT’s investment requirements and it’s a pleasure to contribute to their journey of growth.”
Fredrik Lundberg, CEO NFT Ventures
Fintech startup Invoier was one of eight Swedish companies chosen by the European Innovation Council for the Accelerator program and is the first and only Swedish company within the financial sector to receive equity funding from the EU for a European rollout.
“We are glad to support Invoier mission to help small and mid-size enterprises making an impact to their business growth and their competitiveness through an open marketplace which enables SMEs to sell their invoices to investors. This is a great example on how the EIC Fund aims at crowd in private sector helping our companies to scale up faster.”
Stéphane Ouaki, Head of the European Innovation Council (EIC) department and Chair of the Investment Committee of the EIC Fund
The information was submitted for publication, through the agency of the contact persons below, on February 3, 2022, at 8:00 am CET.