Frida Siwe

Join Kyrim’s upcoming webinar!! It’s a great opportunity to hear and discuss about AI in Finance

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We're excited to share our latest SaaS valuation insights report, focusing on the Translink SaaS Index (TSI). The full report is now accessible for download on our website (link in the comments) Key Highlights: 📉 No significant change in Nordic public valuations since Q3/2022: SaaS valuation multiples have remained subdued since late 2022. However, we expect valuations to revert closer to the long-term average over the next few quarters. Currently, the EV/LTM Sales multiple for TSI stands at 3.4x, significantly below its five-year average of 5.7x. 💡 Profitability Over Growth: Profitability has become the primary factor in the Ro40 figure, with only 5% of index constituents achieving growth over 40% in the last twelve months ending in Q1/’24. Upper quartile constituents are trading at 4.9x, with profitability making up over two-thirds of the median Ro40 figure. ⚖️ Valuation Convergence: The performance and valuations of vertical and horizontal SaaS companies have converged over the past two years. As of Q2/2024, vertical SaaS companies traded only about 20% higher in EV/LTM Sales compared to their horizontal counterparts. 💼 Nordic SaaS M&A Activity: Despite comparisons to peak years, the Nordic SaaS M&A market remained robust in Q2/2024. The median EV/Sales multiple for deals in H1/2024 was slightly lower than in 2023 (4.5x vs. 4.7x). Achieving double-digit multiples is challenging but still possible for high-quality assets. 🚀 SaaS Fundraising Spotlight: Nordic SaaS funding rounds have cooled from their peak levels in 2020 and 2021. In H1/2024, we observed fewer but larger rounds, with AI-first B2B SaaS companies attracting most of the capital. The median investment size increased from $1 million to $3 million, and the average from $5.7 million to $7.7 million, driven by a few $40 million+ rounds.

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This is huge for us at Strise! We’re excited to announce that PwC has joined the Strise family as a customer! Read the full article in The Paypers: https://lnkd.in/dHsZAz_3 This is exciting for several reasons. First, it's an incredibly strong and respected brand. Secondly, this marks a new vertical for us, as PwC Norway is our first customer in the professional services space. By selecting Strise to automate their AML processes, PwC Norway is set to significantly reduce manual work and streamline their workflows. With Strise's AML Automation Cloud, they’ll save countless hours from day one, all while ensuring compliance across their operations. This is a testament to how Strise’s technology is empowering companies to tackle financial crime in smarter, more efficient ways.

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When an event is fully booked, It speaks volumes about its value. Because people see it as a must-attend. This year, I'm not just attending Slush. I'm hosting the Day 0: Perfect Your Pitch event🚀 It's for startup founders who need last-minute practice before meeting VCs. Day 0 is already fully booked out. But there's still a chance. Send me a DM if you want to meet up during the event. We can squeeze in some pitch practice. Don't miss this opportunity. Perfect your pitch and impress the VCs. See you at Slush. Join thousands of founders and VCs who receive these insights in my biweekly newsletter on LinkedIn🎯 And follow 👉 Igor Curic, CFA, MBA for more content like this!

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People don't fund ideas, they fund people. Having a strong pitch is crucial for getting investors, support, and success. A great pitch will grab attention, build trust, and show your potential. Christian W., one of the founders who practiced yesterday at the Slush Day 0: Perfect Your Pitch event, is ready to meet his dream VC investors. He has put in the hard work and is now ready to shine. Let's give him a hand: - If you're a VC investor, reach out to him here - If you know a good VC, tag them in the comments - If you're a potential customer, connect with Christian Let's do some LinkedIn magic and get PRIOjet GmbH funded 🚀 Join thousands of founders and VCs who receive these insights in my biweekly newsletter on LinkedIn🎯 And follow 👉 Igor Curic 🔜 SLUSH for more content like this!

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No question about it: -       Finland needs more international startup success stories -       Startups could be a big part of solving the global problems we are facing today -       These startups need all the help, funding and contacts they can get   That’s why I was pleased to see that Business Finland is trying to open yet another door for startup growth: Corporate collaboration   Really looking forward to networking with these people and speaking to this audience! #innovestor #corporateventuring #startupgrowth https://lnkd.in/gNAVYMn6

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🎙️ Valuable fundraising insights from Niclas Lilja on The SaaS CFO Podcast! 💡 For SaaS founders eyeing a raise in today's market, Niclas emphasizes the importance of planning for the unexpected time and mental load it entails. Discover tips on building a strong support team and managing the workload during this critical phase. Hosted by Ben Murray, this episode is packed with practical advice for navigating the fundraising journey. Episode 119 is now available, links down below 👇 YouTube: https://lnkd.in/g6wiWcjd Apple: https://rpb.li/tgVFdD Google: https://rpb.li/kVW Spotify: https://rpb.li/7pwzP5 #SaaSCFO #FundraisingTips #StartupAdvice #SaaSFounders #BusinessStrategy #Entrepreneurship #FundraisingJourney #TeamBuilding #SaaSIndustry #StartupGrowth #PodcastDiscussion #InvestmentAdvice #TechStartups #FounderInsights #BusinessPlanning #SaaSCommunity #EntrepreneurialMindset #StartupSupport #GrowthStrategy

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🎙️ Valuable fundraising insights from Niclas Lilja on The SaaS CFO Podcast! 💡 For SaaS founders eyeing a raise in today's market, Niclas emphasizes the importance of planning for the unexpected time and mental load it entails. Discover tips on building a strong support team and managing the workload during this critical phase. Hosted by Ben Murray, this episode is packed with practical advice for navigating the fundraising journey. Episode 119 is now available, links down below 👇 YouTube: https://lnkd.in/g6wiWcjd Apple: https://rpb.li/tgVFdD Google: https://rpb.li/kVW Spotify: https://rpb.li/7pwzP5 #SaaSCFO #FundraisingTips #StartupAdvice #SaaSFounders #BusinessStrategy #Entrepreneurship #FundraisingJourney #TeamBuilding #SaaSIndustry #StartupGrowth #PodcastDiscussion #InvestmentAdvice #TechStartups #FounderInsights #BusinessPlanning #SaaSCommunity #EntrepreneurialMindset #StartupSupport #GrowthStrategy

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At IKJ Capital, we invest in three main pillars within healthcare: chronic diseases, mental health, and longevity (healthy aging). Among these, longevity is the most complex but also the area gaining the most attention. Interestingly, about 80% of longevity is influenced by lifestyle rather than genetics. This means that preventative lifestyle changes can significantly extend the time we spend in good health. Modern medicine has focused on prolonging life by treating diseases, often increasing healthcare costs without enhancing our healthspan. In contrast, preventing diseases can increase our healthspan and reduce morbidity. Many centenarians don't develop chronic diseases until they are over 80, and some never do. A University of Chicago study found that eliminating cancer would only extend our healthspan by three years and reduce morbidity by two years. Instead, our goal should be to delay the onset of all chronic diseases by 10-30 years. This is where startups can make a significant impact!

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LET’S GO, YOGO!🚀 I’m thrilled to announce Compounding Capital’s (our family office) new investment in YOGO.DK (www.yogobooking.com). Over the last years, the company has built a highly user intuitive software operating system for various niche end markets within the “Studio and Fitness Center” segment, e.g., yoga, pilates and dance studies, fitness centers, karate clubs, and sauna clubs. You name the funky niche market, and YOGO has the answer for a highly specialized and user-friendly operating system. A system making everything from bookings to membership handling, payments, team scheduling, waiting lists and promotions a breeze and joy to handle. Removing boring, manual administrative tasks while increasing the studio capacity utilization significantly and providing the members with a much better experience. What’s not to like🤩 YOGO is a perfect fit for Compounding Capitals investment focus on vertical BtB SaaS companies offering a mission critical product into targeted end markets. Famly, SportMember and Delogue PLM are similar companies in many aspects. Hit me up if you have a similar company that is looking for capital and guidance on its continued journey. The ideal company size is around $0.5-1 million in ARR with >50% YoY growth and low churn. I’m excited to partner with Magnus Hylander Friis, Anders Hjort Straarup, Rune Hven-Jensen, Andreas Green Rasmussen, Ugly Duckling Ventures, Thomas Boel Sigurdsson, Simon L., Julia Gräßer, David Castello, Philippe Lind Rasmussen, Morten Andersen, Jan-Erik Ingvaldsen - Booking made easy - Booking made easy and the rest of the YOGO team to help accelerate the already impressive development. YOGO is always looking to hire strong talent, currently in particular within sales and tech – take a look here www.yogo.dk/karriere, or reach out here [email protected], if that could be you. Read the YOGO press release here: https://lnkd.in/dbSZiazZ Welcome to the Compounding Capital investment portfolio, YOGO!😊 Famly www.famly.co (Childcare management software) GoMore www.gomore.com (Peer-to-peer car sharing marketplace) Delogue PLM www.delogue.com (PLM software for the apparel and lifestyle industries) SportMember www.sportmember.com / www.holdsport.dk (Sports club management software) Trendsales www.trendsales.dk (Secondhand fashion marketplace) Plecto www.plecto.com (Performance management software) Fenerum www.fenerum.com (Subscription management software) ownr.dk www.ownr.dk (Comprehensive data insights on companies and persons) YOGO.DK www.yogobooking.com (Studio and fitness center management software)

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For markets to be efficient, participants need information about each other. Salary is one of the most crucial elements for enhancing the efficiency of the labor market, which is why we are dedicated to promote salary transparency and access to salary data. We’re thrilled to announce that Duunitori Group has acquired Allalöner.se, one of Sweden’s largest platforms for salary insights, with over 130,000 verified salaries across various roles. This acquisition not only strengthens our position in Sweden but also underscores our commitment to transparency and empowerment in the job market. Allalöner.se will soon be integrated with Jobbland, creating an even more powerful resource for job seekers and employers alike. Together, we’ll provide data-driven insights that help talent and employers make informed choices – and take another step toward a more transparent job market.

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✨QPR Software has made its first partner agreements in North America and received a positive decision from Business Finland to support market exploration✨ Read the related press release here: https://shorturl.at/isxzY #QPRSoftware #BusinessExpansion #MarketExploration #Partnerships #Innovation #NorthAmericaExpansion #ProcessMining #DigitalTwinofanOrganization #DTO

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✨ Wrapping up the Nordic Fintech Week 2024 ✨ Key insights: 🔹 Integral to e-commerce, FinTech is everywhere. Businesses interact with it by seeking alternative financing Gilion, Froda; consumers enjoy personalized investment insights from trusted sources Lunar. 🔹 Financial Inclusion: There's a huge drive towards making financial services accessible and profitable — not just for consumers Franklin, but also for businesses MODIFI, especially with hybrid PaaS/SaaS models, which face complexities due to inherent risks. 🔹 Nordic Banks Re-Inventing for Digital World: Spar Nord leverages SalesForce and innovative hubs like VC-driven Scoutz, to enhance consumer value. 🔹 Generative AI ("new kid on the block"): Banks use GenAI for KYC, AML, leaving a final review to humans. Also, there are user ID verifications in place (MitID in Denmark). The real challenge: how can consumer trust AI technologies, unless it's verified? Example: NetID built on Concordium ensures reliable ID verification. 🔹 Youth Banking: Banks are innovating to connect with younger demographics, yet they're integrating new UI with existing legacy systems. This transition from minor to adult banking is crucial but requires democratization of banking. Example: A teenager, influenced by friends, researched online and chose a cost-effective broker. After exploring ESG-screened stocks and crypto, he opened an account and invested. Though he didn't abandon his bank, it wasn't in his optics, showcasing a shift in the Next Gen decision-making. 🔹 Composable Banking: Described by kompasbank and Mambu as a flexible model for financial services, akin to assembling Lego blocks from standard applications. If you can’t find the right component - you have to build your own. This allows for customizable solutions, but also requires robust API management, strategic infrastructure oversight and tight vendor control. My specialty. 🤓 🔹 AI in Customer Retention and Financial Well-Being: Topdanmark is revolutionizing customer interactions with TopGPT, a mixed, modular AI, which enables cross-selling with a deep understanding of customer needs. Others like PRECURE , Kin AI focus on prevention of mental health issues caused by financial stress (people are anxious about money), merging financial advice with everyday well-being. 🔹 "Is your AI pilot making you fighting fit for your consumer?" Leda Glyptis PhD advocates to focus on resilience, scalability and security, switching off outdated systems. 🔹 Nordic FinTech Awards: Highlighting innovations from Endavu for Gen Z, Fundrella’s sustainable investment platform, Juni’s all-in-one business banking, and Enorra_ finance optimization AI for accelerated data-driven decisions. 📢 Opportunity Call: I'm exploring investment opportunities in Denmark, looking for ventures in green energy ready to embrace risk and innovation. Interested? Let's connect!

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So proud to announce that Strise is partnering with Storebrand, a cornerstone of the Nordic financial industry since 1767! Our mission at Strise is to help eradicate financial crime and we belive a key part of that is to bring much more automation into the AML space. Together with Storebrand, we're now building a safer, more efficient financial future as they are connecting to the Strise AML Automation Cloud: 🚀 Boosted efficiency: Storebrand will harness Strise's AML Automation Cloud to streamline its AML operations, transforming data management and workflow processes from a manual burden to an automated winner. 💡 Future-proofing their AML operations: By connecting to the AML Automation Cloud, Storebrand can access data that meets current and future regulations without extensive data-sourcing efforts. Strise's powerful entity resolution technology matches, merges, and triangulates all data. 🤖 Automation and AI out-of-the-box: the future of AML is not yet another customisation project. It's harnessing the latest AI and automation technology from a SaaS platform that provides value out-of-the-box that cuts time to value from months to days. So proud of my team at Strise 💖 Looking forward to setting new standard in AML Automation together with Storebrand! Link to the full article in BankShift Norge: https://lnkd.in/dp4msPaW

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🎊 Great news for early-stage businesses in Denmark! The new government reform introduces significant funding opportunities, tax relief, and legal changes aimed at boosting startup growth. This is a perfect time for innovative ideas in health, wellbeing, and energy sectors to thrive. If you have a startup or an idea, we want to hear from you! Learn more about the reforms and send your pitch to us for a chance to collaborate. At KRING we not only invest in impact ideas and business concepts, we co-create! https://lnkd.in/dSBnmuDS #Startups #Innovation #Health #Energy #Entrepreneurship #DenmarkReform #EarlyStageBusiness #impactinvesting #Venturebuilding #kring

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The service value chain of corporate banks consists of many elements that together add up to the aggregated experience of corporate customers. Some service elements are consistently scored as HIGHLY IMPORTANT, while others are scored less important by Corporate customers. Congratulations to Nordea, Danske Bank and SEB for performing best on 3 of the highly important service elements: 1. The Cash Manager is competent in his/her field Best performing bank: Nordea 🏆 2. System up time and recovery time of system failures meet our expectations Best performing bank: SEB 🏆 3. The KYC processes are well coordinated across the banks organization Best performing bank: Danske Bank 🏆 CXFacts is unique, global, and brings new value to both banks and corporate customers. You are more than welcome to contact us to talk about how CXFacts may add value to you. The data used in this post is based on data from 2024 from corporate respondents from more than 10 countries on their banking business with a range of global and Nordic banks. #corporatebanking #corporatetreasury #csat #cx #KYC #performancegaps #bestinclass

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🌍 Navigating Seed Financing in Scandinavia! 🚀 Curious about how to secure early-stage funding for your startup in Scandinavia? Whether it's leveraging government grants, tapping into angel investors, or joining startup accelerators, there are numerous strategies to explore. Discover the unique opportunities available and how they can propel your business forward. Dive into the nuances and build your roadmap to success with insights from industry experts. Unlock the full potential of your startup journey here: https://lnkd.in/e4zycRvK #StartupFunding #Scandinavia #Entrepreneurship #SeedFunding #Innovation #BusinessGrowth

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Senior Accounting Advisor at Finanshels.com | Remote-Friendly Are you the tech-savvy accounting genius who founders can count on for smarter financial strategies? Let’s build something extraordinary together ! What You’ll Do: Be the financial wizard that startups trust to manage their numbers and scale. Use cutting-edge tech to simplify accounting and tax processes. Guide founders toward better decisions and bigger growth. What You Bring: A unique blend of accounting expertise + tech brilliance. Proven experience in advising businesses and optimizing finances. A problem-solver’s mindset with a founder-first approach. Why Finanshels.com? Impact: Your work will shape businesses and drive results. Flexibility: Remote work, your way. Growth: Be part of a fast-growing. Ready to disrupt the world of accounting? 👋 Tag a friend who’s perfect for this role or share it with your network!

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Our Q3-2024 report is now live! When I joined Penneo A/S in 2018, the plan was clear: raise capital to grow the team and elevate the company to the next level. We successfully achieved this through funding rounds in late 2019, mid-2020, and again in spring 2022. In our 2023 Annual Report, we announced that we had reached a level of ARR where it makes sense to shift focus toward profitability. This chart clearly demonstrates that we are delivering on that commitment. Being an ARR-driven business offers a significant advantage, enabling us to grow without continuously expanding the team. Our SaaS metrics remain strong, and scaling the sales team as growth allows is a logical next step. However, we have now reached a point where scaling the back-office further is no longer necessary to achieve meaningful progress. Looking ahead to 2025, I believe we are well-positioned to fulfill our plan of achieving cash neutrality on a 12-month basis by the end of the fiscal year. As outlined in our reports, we are committed to investing in capitalized product development costs next year. With cash neutrality and investments within this range, it becomes evident where this chart will stand by the end of next year. Looking forward to discussing this further during the conference calls at 10:00 and 12:00 today!

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