Safello Announces IPO Plans in First Half of 2021
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Swedish fintech startup Safello has raised SEK 11 million in a new share issue and aims for listing on the Nasdaq First North Growth Market in 2021.
STOCKHOLM, Dec. 18, 2020 /PRNewswire/
Safello is a Stockholm-based fintech startup that offers a transparent and user-friendly exchange platform for cryptocurrencies with 165,000 customers and more than SEK 800 million in transaction volume.
Safello reached profitability in mid-2019 and has had an increased order growth of 831%. In recent months, the company has introduced several new products and services, including Safello Business, broadening its offering from private individuals to corporate clients.