AI company Matters secures 50 million SEK in funding

Matters, a new AI company founded by Per Österström, has raised 50 million SEK in a funding round. This funding aims to support licensing applications, expansion within the EU, and hiring additional employees. The round included investments from angel investor Jakob Johansson, former Klarna CEO Knut Frängsmyr, Voi founder Douglas Stark, and former Nordnet CEO Lars-Åke Norling, who will serve as chairman.

Matters has developed a financial platform that aims to assist consumers in managing their finances better. The company plans to launch its first product in a few weeks, focusing on creating a banking service that actively supports financial well-being for all users, not just those already in a strong financial position. The company offers neo-bank services with a fixed monthly fee, providing customers with cashback through interchange and currency fees.

The story was reported by Breakit.