How many total Banks companies are there in Sweden?

As of August 2026, Sweden has 72 active Banks companies.

How many Banks companies in Sweden are funded?

As of August 2026, 11 companies have received funding in this sector.

What is the total funding raised by Banks companies in Sweden?

Banks companies in Sweden have collectively raised $2.12M in funding till date.

Who are the top investors in Banks companies in Sweden?

The top investors in Banks companies in Sweden by number of investments are Swedfund and East Capital.

List of 89 Banks Startups in Sweden & Market Trends (Aug 2026)

The Banks sector in Sweden comprises 89 companies, including 11 funded companies having collectively raised $2.12M in venture capital money and private equity. Out of these, 17 are Series A+ funded.

Banks sector in Sweden has seen 5 acquisitions and 12 IPOs. This represents almost 19.1% of all such companies - which is higher than the 4.3% exit rate of tech companies in general.

This sector includes companies that are licensed to offer core banking services such as bank accounts, deposits, and loans to individuals and institutions.

Banks sector is also known as Consumer bank or Consumer Banks.

All banking institutions including universal banks, special purpose banks, and co-operative or mutual banks including building societies, credit unions, savings banks, savings and loan associations among others. All financial institutions that are not licensed to operate as a bank including lending NBFIs, investment banks, export-import banks among others are excluded.

Key Metrics

Total Companies

Top Companies

Swedbank, Handelsbanken & more

Total Funding

$2.12M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

Also known as

Consumer bank or Consumer Banks

View complete details of this sector

There are 89 Banks startups in Sweden which include Swedbank, Handelsbanken, Lansforsakringar, SEB, Skandinaviska Enskilda Banken. Out of these, 11 startups are funded, with 17 having secured Series A+ funding.

Over the past 10 years, an average of 1 new company has been launched annually.

1. Swedbank

Swedbank is a commercial bank. It provides services like retail banking, private banking, asset management, loans, mortgages, investments, payment services, pension, insurance to individuals & corporates. In 2022, the company recorded annual revenues of $8.78B and a net profit of $2.39B.

Key facts about Swedbank

Founded Year: 1820
Location: Stockholm (Sweden)
Stage: Public
Investors: Tjuvholmen Group, Corsair Capital and 1 Other
Latest Funding Round: Grant (prize money), Jun 01, 2021, $*****
Tracxn Score: 70/100 What is this?
Competitors Rank: 4 of 67 Competitors

2. Handelsbanken

Handelsbanken is a commercial bank. It provides financial services such as personal banking, corporate banking, open banking, private banking and more for both personal and corporate customers. In 2022, the company recorded annual revenues of $10.09B and a net profit of $2.18B.

Key facts about Handelsbanken

Founded Year: 1871
Location: Stockholm (Sweden)
Stage: Public
Investors: Tjuvholmen Group and Europa
Latest Funding Round: Grant (prize money), Jan 01, 2018, $*****
Tracxn Score: 69/100 What is this?
Competitors Rank: 5 of 67 Competitors

View full list of companies in this sector

3. Lansforsakringar

Key facts about Lansforsakringar

Founded Year: 1801
Location: Stockholm (Sweden)
Stage: Unfunded
Tracxn Score: 62/100 What is this?
Competitors Rank: 6 of 67 Competitors

4. SEB

SEB is a commercial bank. It offers corporate, private and investment banking for corporate and private customers. It has operations in Denmark, Finland, Norway, Germany and the United Kingdom. In 2022, the company recorded annual revenues of $10.84B and a net profit of $2.88B.

Key facts about SEB

Founded Year: 1856
Location: Stockholm (Sweden)
Stage: Public
Investors: Investor
Tracxn Score: 58/100 What is this?
Competitors Rank: 7 of 67 Competitors

5. Skandinaviska Enskilda Banken

Key facts about Skandinaviska Enskilda Banken

Founded Year: 1972
Location: Stockholm (Sweden)
Stage: Public
Investors: Investor
Tracxn Score: 57/100 What is this?
Competitors Rank: 8 of 67 Competitors

Access the full list of 89 Banks Startups in Sweden

Companies founded year-on-year in the Banks sector in Sweden

10 Banks startups in Sweden were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	1
2024	-
2023	1
2022	-
2021	1
2020	10
2019	2
2018	-
2017	1

Stage-wise distribution of Banks sector companies in Sweden

Out of the total 89 Banks companies in Sweden, 11 have secured funding. Among them, 17 have reached Series A or higher, and 17 to Series B or beyond.

Founded - 89

Funded - 11

Series A+ - 17

Series B+ - 17

Series C+ - 17

Company Stage	No. of companies
Founded	89
Funded	11
Series A+	17
Series B+	17
Series C+	17

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Total funding year-on-year in the Banks sector in Sweden

The Banks sector in Sweden saw a total funding of more than $2.12M in the last 10 years. The most amount of funding was in 2017 at more than $1.88M.

Total Funding

Year	Total Funding
2023	$25.5K
2021	$214K
2018	$901
2017	$1.88M

Recent Funding Rounds in Banks in Sweden

In the year 2021, till February 2021, Banks companies in Sweden have raised equity funding across 1 round.

Here are some recent, important funding rounds in Banks companies in Sweden:

Company	Round Raised	Amount Raised	Funding Date	Investors
Ikano Group	Unattributed	1317	Feb 11, 2021	Ingka
Red Flag	Seed	3938	Aug 23, 2017	-

See a more detailed list of funding rounds

Swedfund is the top investor in Banks companies in Sweden based on number of companies invested.

Here are some top investors in Banks companies in Sweden:

Investor	Location	Top Portfolio Companies
Swedfund	Stockholm (Sweden)	-
East Capital	Stockholm (Sweden)	-
KKR	New York City (United States)	-
Tjuvholmen Group	Fornebu (Norway)	Swedbank and Handelsbanken
Investor	Stockholm (Sweden)	SEB and Skandinaviska Enskilda Banken

See a more detailed list of investors

In the year 2024, till October 2024, 2 acquisitions happened in Banks sector in Sweden.

Here are some recent, important acquisitions in Banks sector in Sweden:

Company	Acquisition Type	Acquisition Date	Acquirers
Ikano Group	Business Acquisition	Oct 17, 2024	Ingka
Resurs Bank	Business Acquisition	Jul 10, 2024	CVC
Red Flag	Business Acquisition	Apr 22, 2020	Bokio
BlueStep	Business Acquisition	Jul 28, 2017	EQT
Resurs Bank	Business Acquisition	Jul 13, 2012	Nordic Capital

See a more detailed list of acquisitions

Acquisition trends in Banks sector in Sweden

Here are the acquisition trends in Banks sector in Sweden:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	2
2023	-
2022	-
2021	-
2020	1
2019	-
2018	-
2017	1

In the year 2016, till June 2016, 1 IPO happened in Banks sector in Sweden.

Here are some recent, important IPOs in Banks sector in Sweden:

Company	IPO Date	Exchange Symbol
TF Bank	Jun 14, 2016	Nordic and Baltic regions (NASDAQ OMX)
SEB	Jan 03, 2000	Nordic and Baltic regions (NASDAQ OMX)
Swedbank	Jun 09, 1995	Nordic and Baltic regions (NASDAQ OMX)