Swedbank Enters Strategic Collaboration With Crowdfunding Platform Pepins
By Dominic Chopping
STOCKHOLM--Swedbank AB said Tuesday it has established a
strategic collaboration with crowdfunding platform Pepins.
Through the partnership, Swedbank's non-listed corporate clients
will have the opportunity to present their case to Pepins together
with their advisor from the bank and discuss a potential issuance
of shares on Pepins' platform.
Such an issuance would give the company access to Pepins' 70,000
investors, it said.
"Growth companies tend to have large capital needs and bank
loans are not always the most optimal form of funding," Swedbank
"Diversifying funding sources is often a good way for these
companies to both strengthen their credit situation and mature as
organizations," the bank added.
Pepins works with capital rounds from around 10 million Swedish
kronor up to 90 million Swedish kronor ($1.2 million-$10.7
million), and Swedbank's investment bank works in capital rounds
from around SEK100 million and up.
Pepins operates a platform for digital capital raising and
trading in unlisted companies. Since inception it has raised over
SEK1 billion for around 40 companies.
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
December 08, 2020 03:56 ET (08:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.