Swedish fintech Treyd has raised €5 million in additional funding from its existing investor group, including Nineyards Equity, Zenith VC, J12 Ventures, Antler, and a network of angel investors. The company, which provides cash flow-focused financing tools for product businesses in the Nordics, UK, and Ireland, has now raised a total of €28 million. Alongside the funding, Treyd appointed Knut Frängsmyr—formerly Deputy CEO at Klarna—as Chairman of the Board. The company plans to use the capital to expand its product development and support further growth.
Treyd is a Stockholm-based fintech company that provides working capital solutions tailored for product-based businesses. Founded in 2020, the company offers services that allow clients to defer supplier payments and access upfront invoice financing. Treyd operates across the Nordics, the UK, and Ireland, and supports over 1,000 brands. Its platform has facilitated more than €360 million in transactions to date. The company is backed by investors including Nineyards Equity, Zenith VC, J12 Ventures, and Antler.
Knut Frängsmyr brings nearly two decades of experience from some of Europe’s fastest-growing tech companies. During his eleven years at Klarna, he played a key role in the company’s international expansion, helping to grow revenue from EUR 67 million to EUR 1,7 billion. He has also served as Chairman of several companies aligned with Treyd’s market and ambitions – including Mollie, Budbee and CDLP.
“Treyd is one of the most exciting fintech companies I’ve come across in a long time. They’ve identified a real problem – cash flow for product businesses – and are solving it with scalable technology. The fact that they’re growing fast even in today’s tough market climate is impressive. I’m really looking forward to building something big together with the team,” says Knut Frängsmyr, newly appointed Chairman of the Board.
“Knut is a fantastic addition for Treyd’s next chapter. He has built category leaders from scratch and knows what it takes to scale a new model globally. Since early 2024, we’ve tripled our volumes, proving the real need for the category we’ve created. Now we’re ready to accelerate and claim a clear international leadership position,” says Peter Beckman, CEO and co-founder.
Knut succeeds Stefan Nordahl, who will continue to serve as a board member and major shareholder through Nineyards Equity.
“Treyd has evolved remarkably since Nineyards led their Series A round in 2022, despite a challenging market. Knut and I have discussed the timing of this transition for a while, and now feels absolutely right. I’ll remain an active board member and Nineyards will continue as lead investor. I’m genuinely looking forward to building a strong trio with Knut and Peter to keep creating value,” says Stefan Nordahl, outgoing Chairman and lead investor via Nineyards Equity.
Treyd recently secured EUR 5 million in new funding from its existing investor base: Nineyards Equity, Zenith VC, J12 Ventures, Antler, and a group of 20+ angel investors. The capital will be used to accelerate growth and further develop the company’s product offering.
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Read the orginal article: https://arcticstartup.com/treyd-raises-e5-million/
