CIBC Innovation Banking today announced that it has provided debt financing to support Norvestor’s acquisition of Wint, a Swedish technology company offering an automated accounting and payroll solution for micro and small businesses.
Wint develops and offers an automated, cloud-based solution to simplify financial administration, enabling small businesses to operate more efficiently. The platform offers an all-in-one solution for financial processes, including invoicing, receipts and expense handling, time and financial reporting, bookkeeping, payroll, and statutory reporting, including year-end reports and tax returns.
Wint was founded in 2011 in Gothenburg, Sweden. In December 2024, Norvestor IX SCSp became the majority shareholder of Wint, followed by the company’s management team and key employees.
Daniel Johansson, CEO at Wint said: “We are very proud of what we’ve accomplished with Wint so far. Currently, we serve approximately 4,700 customers and continue experiencing rapid growth. With Norvestor as our main owner and the addition in the form of a financing package from CIBC Innovation Banking, we are well-equipped to continue building our technology platform, scaling our operations, and delivering great value for our customers.”
Sean Duffy, Managing Director, CIBC Innovation Banking UK & Europe, said: “For micro and small businesses lacking the resources of larger enterprises, organising and managing administrative tasks can be a significant challenge. Wint’s solution enables these businesses to focus on their core business, and operate efficiently while ensuring compliance with necessary regulations. We are delighted to support Wint on its growth journey.”
Read the orginal article: https://ffnews.com/newsarticle/funding/cibc-innovation-banking-provides-debt-financing-to-support-norvestors-acquisition-of-swedish-accounting-software-company-wint/
