43
Backers in a recent round
29 added at least one new company in this market. The remainder participated only in companies they had already backed here.
Explore recently active backers ↗MARKET NOTES / 001SWEDEN / STOCKHOLM / FINTECH
LESS GUESSWORK. A BETTER RESEARCH LIST.FinTech.
FinTech.
Stockholm.
Map the capital.
Find your next conversation.
Who backs this market, where they enter, and how recently they have added a new company. A directory built around the questions founders actually ask.
Build your research shortlist ↘Companies are based in Stockholm · investors can be based anywhere
Dataset through 22 May 2026 · calculated 14 Sep 2026
01 / THE SHORTLIST LAB
Make the list work for your company.
39 backers based in Stockholm are shown by default. Compare up to three.
A CLOSER LOOK AT WHERE
Find investors in your preferred location.
Search a recorded city, country or neighbourhood among the backers of this market.
Five location searches per day. Results use recorded locations; some investors have city-level coverage only.
39 of 94 selected backers · Stockholm only
Shows investors whose recorded city is Stockholm. Unknown cities are excluded. Market charts cover all investor locations.
Theme filtering selects backers of companies carrying that theme tag. Entry-stage filtering selects backers with an entry at that stage; the two matches may be different companies. Row metrics describe their entire dated FinTech history in Stockholm.
Your side-by-side comparison
Lead flags and later investments may be incompletely recorded. Repeat counts are not adjusted for time since entry.
| Compare | Investor / recorded location | Companies here | New in 24 months | Median total entry round | Companies backed again | Latest investment |
|---|---|---|---|---|---|---|
| Loading investors… | ||||||
No backers match these filters. Broaden the theme, location, entry stage or activity window.
02 / THE MARKET READActivity is a better starting point
Activity is a better starting point
than a long list of names.
Latest 24 months: after 22 May 2024 through 22 May 2026.
18
Distinct equity rounds
Across 16 companies, versus 46 rounds in the preceding 24 months. Each company round is counted once.
See the recent evidence ↗33.3%
Rounds at Angel, Pre-Seed or Seed
6 of 18 recent rounds. Compare your stage with its own financing range before sizing the ask.
Compare stage ranges ↗64%
Participations were first entries
30 first investor–company relationships out of 47 participations. The other 17 were later rounds together.
Find backers adding companies ↗Build a syndicate beyond the city.
Of 43 recently active backers, 13 have a recorded Stockholm location and 24 are based elsewhere. Location is missing for 6. Search by market experience first, then investigate the people and their remit.
Match the whole round to your plan.
Recent Seed rounds have a median size of $3.1M, across 4 disclosed amounts. That is total company financing. An individual investor’s cheque or available capital is not disclosed here.
03 / EMERGING THEMES
Which themes are gaining share?
Follow financing activity across the company classifications represented in this market.
Latest four complete quarters: 01 Apr 2025–31 Mar 2026 · 11 market rounds, versus 11 in the preceding four quarters.
Alternative lending
+9.1 pp2 of 11 recent rounds (18.2%), versus 1 of 11 (9.1%).
Small sample: 2 rounds across 2 companies. Treat this as a theme to monitor.
Payments
33.3%4 of 12 rounds in Q2 2022, compared with 14.6% over the prior four quarters.
Small sample: 2 rounds across 2 companies. Treat this as a theme to monitor.
Investment tech
33.3%4 of 12 rounds in Q2 2022, compared with 17.1% over the prior four quarters.
Small sample: 3 rounds across 3 companies. Treat this as a theme to monitor.
Banking tech
-36.4 pp0 of 11 recent rounds (0.0%), versus 4 of 11 (36.4%).
Small sample: 0 rounds across 0 companies. Treat this as a theme to monitor.
SPIKE DETECTION
Look beyond the headline total.
Share of market roundsPrior four-quarter shareDetected spike
Scroll sideways to explore all quarters.
Q2 2022 · 4 of 12 market rounds · 4 companies · 33.3% share. A detected spike, 2.28× the prior four-quarter share.
Select a dot to inspect the exact count and baseline. The partial quarter through 22 May 2026 is shown but cannot trigger a spike.
The theme shift, year by year.
Share of all recorded FinTech rounds in Stockholm. Each cell also gives its theme-round count.
| Investment theme | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|
| 27.3%6 / 22 | 24.3%9 / 37 | 18.4%7 / 38 | 13.0%3 / 23 | 13.3%2 / 15 | 20.0%2 / 10 | 0.0%0 / 3 | |
| 18.2%4 / 22 | 13.5%5 / 37 | 26.3%10 / 38 | 13.0%3 / 23 | 20.0%3 / 15 | 30.0%3 / 10 | 0.0%0 / 3 | |
| 18.2%4 / 22 | 18.9%7 / 37 | 23.7%9 / 38 | 43.5%10 / 23 | 13.3%2 / 15 | 20.0%2 / 10 | 33.3%1 / 3 | |
| 27.3%6 / 22 | 29.7%11 / 37 | 13.2%5 / 38 | 17.4%4 / 23 | 20.0%3 / 15 | 10.0%1 / 10 | 0.0%0 / 3 | |
| 36.4%8 / 22 | 16.2%6 / 37 | 10.5%4 / 38 | 8.7%2 / 23 | 13.3%2 / 15 | 10.0%1 / 10 | 0.0%0 / 3 | |
| 4.6%1 / 22 | 5.4%2 / 37 | 15.8%6 / 38 | 8.7%2 / 23 | 26.7%4 / 15 | 10.0%1 / 10 | 0.0%0 / 3 | |
| 0.0%0 / 22 | 0.0%0 / 37 | 0.0%0 / 38 | 0.0%0 / 23 | 0.0%0 / 15 | 0.0%0 / 10 | 0.0%0 / 3 | |
| 9.1%2 / 22 | 8.1%3 / 37 | 2.6%1 / 38 | 4.4%1 / 23 | 0.0%0 / 15 | 0.0%0 / 10 | 33.3%1 / 3 | |
| 0.0%0 / 22 | 0.0%0 / 37 | 0.0%0 / 38 | 0.0%0 / 23 | 13.3%2 / 15 | 20.0%2 / 10 | 0.0%0 / 3 | |
| 0.0%0 / 22 | 13.5%5 / 37 | 15.8%6 / 38 | 17.4%4 / 23 | 6.7%1 / 15 | 0.0%0 / 10 | 0.0%0 / 3 |
*2026 is partial. Company themes use the tags available in this dataset, applied to historical rounds; they do not date when a business adopted a technology. Themes overlap, so shares do not add to 100%. Each company round is counted once within a theme. These charts cover investors from all locations; the shortlist keeps its own location filter.
How a spike is detected
A complete quarter is flagged when its theme share is at least 1.75× the share across the preceding four quarters and at least 5 percentage points higher. It must contain at least 3 theme rounds across 3 companies, at least 10 market rounds, and at least 3 theme rounds in the baseline. All four baseline quarters must have market observations. A zero baseline, missing observations or partial quarter cannot produce a flag.
This is a transparent screening rule, not a statistical significance test or a forecast. A higher share can accompany fewer rounds when the wider market contracts; the counts beside the chart make that distinction visible.
04 / THE DEPTH MAP
One appearance, or a pattern?
353 of 419 backers with dated histories appear in just one company. Select a cell to explore the directory.
| Portfolio breadth here | 1 company | 2 companies | 3–5 | 6–10 | 11+ |
|---|---|---|---|---|---|
| Firms & institutions | |||||
| Individual angels |
Circle area increases with backer count. The shortlist includes backers with 2 or more companies in this market, plus other backers active in the latest 24 months. In the 1-company cell, only recently active backers are available to explore. The shortlist’s investor-location filter also applies; select all locations to broaden the results. 4 backers have only undated entries.
05 / ROUND DESIGN
Different stages. Different capital.
Recent equity rounds · 24-month window.
Amounts are in USD.
StageDistinct roundsMedian / middle half
Seed
6
$3.1M$2.8M–$3.5M4 disclosed · small sample
Series A
5
$7.0M$5.9M–$10M5 disclosed
Series B
6
$23M$23M–$23M5 disclosed
Series C
1
$75M$75M–$75M1 disclosed · small sample
06 / FOLLOW THE EVIDENCE
The most recent recorded rounds.
Distinct company rounds.
Named backers are shown lead-first.
Provider of basic automation platform for multi-industry
$2.4M total equity round3 named backers
Fonos · Hans Otterling · Henrik Ekelund
Provider of preventive pet insurance services offering digital coverage
$75M total equity round5 named backers
Balderton Capital · Felix Capital · Inventure · Passion Capital · Stena Sessan
Open integration tools for aggregating financial data
$14M total equity round5 named backers
Alstin Capital · Cherry Ventures · Haval Van Drumpt · Renault–Nissan–Mitsubishi Alliance · Unusual Ventures
Provider of artificial intelligence technology services
$7.0M total equity round2 named backers
Octopus Ventures · Yanno Capital
Provider of digital insurance products, risk selection, and flexible partner solutions
$23M total equity round1 named backer
Endeit Capital
App-based research and relations management platform for individuals and companies
$10M total equity round3 named backers
Altos Ventures Management · Yanno Capital · Öhman
07 / READING THE ATLAS
What these patterns can tell you.
The market boundary
Recorded equity rounds for companies tagged FinTech and located in Stockholm. Investor headquarters may be elsewhere. Company sector and location reflect the available company records, not necessarily the location or sector at the investment date.
The time boundary
Data coverage ends 22 May 2026. The latest market round is 18 Feb 2026. There are 5 undated participations, excluded from timing metrics. Activity after the cutoff is unknown.
The relationship boundary
“New” is the first dated relationship between a backer and a company in this market. “Backed again” requires a later dated round together. A first observed entry may follow an earlier unrecorded investment.
The financing boundary
Amounts describe entire equity rounds, not personal cheques, fund capacity or returns. Medians exclude missing and non-positive amounts; the middle half spans the 25th–75th percentiles. A recorded investment does not establish current availability.
08 / PRISM RESEARCHWhat is worth building.
What is worth building.
What still needs solving.
Related studies and the research themes around them. A starting point for founder investigation.
GLOBAL FINANCE LITERATUREComplete publication years · 2022–2025Measured 12 Sep 2026
Follow a theme’s share of the finance literature, then read a study behind it. The chart measures research attention; the questions below are editorial prompts for your own validation. Research scope is global, while the investment directory above focuses on Stockholm companies.
OPPORTUNITY TO VALIDATE+203.7%
Financial inclusion
Change in share · 2022 → 2025
Papers per 10,000 finance papers
5,910 of 239,060 finance papers in 2025 · 2.47% share
Measure who benefits from access.
A 2025 review of 96 studies identifies gaps in evidence about fintech’s real impact on inclusion and regulation. Access to a product is only one part of the research question.
FOUNDER QUESTION
Which underserved users become active, sustained customers—and what measurable improvement do they experience?
Financial inclusion and fintech: a state-of-the-art systematic literature review ↗
Literature review · global scope
Counts and matching terms
Exact topic tags: financial inclusion.
| Year | Theme papers | Finance papers |
|---|---|---|
| 2022 | 1,710 | 210,081 |
| 2023 | 2,483 | 236,981 |
| 2024 | 3,178 | 242,269 |
| 2025 | 5,910 | 239,060 |
PROBLEM TO SOLVE+165.7%
Fraud detection
Change in share · 2022 → 2025
Papers per 10,000 finance papers
1,657 of 239,060 finance papers in 2025 · 0.69% share
Test against the fraud you actually face.
A review of 104 articles maps machine learning approaches to financial fraud detection. It finds credit-card detection prominent and examines the datasets and performance measures used in experiments.
FOUNDER QUESTION
Does your evaluation reflect your own payment channels, fraud patterns and the cost of blocking legitimate customers?
Financial fraud detection through the application of machine learning techniques: a literature review ↗
Literature review · studies published 2012–2023
Counts and matching terms
Exact topic tags: credit card fraud · fraud detection · financial fraud.
| Year | Theme papers | Finance papers |
|---|---|---|
| 2022 | 548 | 210,081 |
| 2023 | 737 | 236,981 |
| 2024 | 1,111 | 242,269 |
| 2025 | 1,657 | 239,060 |
METHOD TO INVESTIGATE+35.1%
Credit risk & scoring
Change in share · 2022 → 2025
Papers per 10,000 finance papers
2,659 of 239,060 finance papers in 2025 · 1.11% share
Make lending decisions explainable.
This study examines explainable credit-risk prediction in supply-chain finance. It uses feature importance to make Random Forest and Gradient Boosting decisions more transparent to financial decision-makers.
FOUNDER QUESTION
Can a lending partner understand the factors behind a decision, and does the model hold up on your borrowers?
Prediction of bank credit worthiness through credit risk analysis: an explainable machine learning study ↗
Method study · supply-chain finance
Counts and matching terms
Exact topic tags: credit risk · credit scoring.
| Year | Theme papers | Finance papers |
|---|---|---|
| 2022 | 1,730 | 210,081 |
| 2023 | 1,974 | 236,981 |
| 2024 | 1,758 | 242,269 |
| 2025 | 2,659 | 239,060 |
ADOPTION CHALLENGE+86.4%
Open banking & embedded finance
Change in share · 2022 → 2025
Papers per 10,000 finance papers
140 of 239,060 finance papers in 2025 · 0.06% share
Infrastructure still needs customer trust.
A study of the Dutch open-banking ecosystem identifies inclusion challenges around customer checks, communication and trust. Its European setting provides questions to investigate locally, rather than evidence about Indian users.
FOUNDER QUESTION
Where do consent, onboarding and partner handoffs cause your intended users to drop out?
Open banking and inclusive finance in the European Union: perspectives from the Dutch stakeholder ecosystem ↗
Stakeholder study · Netherlands / European Union
Counts and matching terms
Exact topic tags: open banking · embedded finance.
| Year | Theme papers | Finance papers |
|---|---|---|
| 2022 | 66 | 210,081 |
| 2023 | 60 | 236,981 |
| 2024 | 75 | 242,269 |
| 2025 | 140 | 239,060 |
How to read the research trends
Source: Fliar Prism’s research dataset, analysed 12 Sep 2026. Each year counts distinct research papers. A paper enters the finance denominator when its topic tags match the finance vocabulary; it enters a theme when it also matches that theme’s displayed tags. A paper can belong to multiple themes.
Each chart shows theme papers ÷ finance papers × 10,000. The change compares the unrounded shares in 2025 and 2022. Raw counts and denominators are available on every card. Different cards use different vertical scales, with exact values printed at every point. Years after 2025 are excluded because their publication window is incomplete.
These are trends in the indexed literature, not changes in demand, fraud incidence or company performance. Tagging and coverage can change. The linked studies illustrate each topic; their own results are separate from the publication trend. The study summaries were checked against publisher abstracts, and the founder questions are interpretations to investigate.
Finance matching vocabulary: finance · financial services · financial system · financial economics · financial markets · financial market · financial inclusion · financial technology · fintech · banking · mobile banking · retail banking · central bank · payment · mobile payment · settlement (finance) · stock market · capital market · portfolio · investment · risk management · credit risk · loan · microfinance · insurance · accounting · audit · blockchain · cryptocurrency · digital economy.
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worth a closer look.
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Explore Fliar Prism ↗Start with the company or question you want to understand.Calculated 14 Sep 2026 · 94 investor histories to explore