What is MYNT?
Founded in 2018 by Baltsar Sahlin, Johan Obermayer, and Magnus Wideberg, MYNT emerged from a direct need to solve the administrative burden of manual receipt entry. The company provides a sophisticated platform that integrates spend management solutions with advanced accounting automation. Beyond its direct-to-business offerings, MYNT has developed a scalable platform that allows banks and accounting software providers to embed card and spend management capabilities directly into their own ecosystems. This B2B2B strategy has enabled the company to serve over 12,000 SMEs, effectively transforming the most tedious aspects of business administration into a streamlined, automated process.
How much funding has MYNT raised?
MYNT has raised a total of $23M across 1 funding round:
Other Financing Round
$23M
Other Financing Round (2024): $23M with participation from Incore Invest, Vor Capital, and Club Network Investments
Key Investors in MYNT
Incore Invest
Incore Invest specializes in growth stage investments, primarily targeting businesses in the internet and technology sectors. The firm emphasizes building close relationships with entrepreneurs to enhance their market presence.
Vor Capital
Vor Capital LLP is a financial services firm based in London, specializing in investment management and advisory services for institutional investors and high-net-worth individuals.
Club Network Investments
CNI focuses on building and accelerating the growth of exceptional entrepreneurial businesses across the Nordic region, aiming to create sustainable shareholder value through a pragmatic investment approach.
What's next for MYNT?
With a clear roadmap to achieve full Nordic market penetration by 2025, MYNT is poised to leverage its recent capital to scale its engineering and sales operations. The strategic focus remains on deepening the integration capabilities of its platform, ensuring that it remains the preferred choice for financial institutions seeking to modernize their service offerings. By continuing to prioritize automation and user-centric design, MYNT is well-positioned to capture a larger share of the SME market, ultimately driving significant efficiency gains for its growing client base while maintaining its trajectory as a leader in the European fintech ecosystem.
See full MYNT company page
