Swedish VC firm eyes fintech

Stockholm-based Wellstreet launched its new Fintech Fund with approximately $40 million.

The fund got backing from top executives from leading Nordic banks and fintech companies including Avanza, Collector, Handelsbanken, Swedbank, Northmill, Resurs and Klarna. Wellstreet was founded by former Klarna executive Mikael Wintzell.

The aim is to drive greater efficiency in the global finance and banking ecosystem. Wellstreet said it is planning up to 20 investments in early stage B2B service and infrastructure technology providers with global business models and innovative solutions. The focus is on boosting the fast-developing technologies and startups that . . .

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