Moank Fintech Group: Company Profile

Background

Overview

Moank Fintech Group AB, established in 2011 and headquartered in Stockholm, Sweden, is a Swedish investment company specializing in acquiring and developing fintech companies. The firm's strategy focuses on active ownership in businesses that leverage technological advancements to transform financial services. Its portfolio includes wholly-owned subsidiaries such as Moank AB, Fimento AB, Moank Pay AB, and Moank Finance AB. The common denominator for its investments is the application of new technology, high-quality data, and AI.

Mission and Vision

Moank Fintech Group aims to capitalize on the technology-driven transformation within financial services by investing in and developing companies that utilize innovative technologies and data analytics to enhance financial products and services.

Primary Area of Focus

The company focuses on fintech investments, emphasizing consumer credit, B2B payment solutions, software platforms, and AI-driven financial services.

Industry Significance

By integrating advanced technologies and data analytics into financial services, Moank Fintech Group plays a pivotal role in modernizing the financial sector, improving accessibility, efficiency, and personalization of financial products.

Key Strategic Focus

Core Objectives

To actively invest in and develop fintech companies that drive innovation in financial services.

To enhance the application of technology and data analytics in financial products and services.

Specific Areas of Specialization

Consumer credit solutions.

B2B payment and checkout solutions.

Software platforms for financial services.

AI-driven financial analysis and credit assessment.

Key Technologies Utilized

Artificial Intelligence (AI).

Data analytics.

Proprietary credit analysis models.

Primary Markets or Conditions Targeted

Swedish market for consumer loans and savings accounts.

B2B sector for payment and checkout solutions.

Real estate sector for digital bridge financing.

Financials and Funding

Funding History

June 2019: Moank raised SEK 100 million (approximately $11 million) in a capital investment round led by Credit Opportunity One, a part of CMI Group. The funds were intended to support the company's growth and development in the fintech sector.

November 2023: Jula Holding made a significant investment, becoming the second-largest owner in the group, a move expected to fuel future growth and development.

Financial Performance

2024:

Revenue: SEK 6,290,000

Profit After Financial Items: SEK 1,567,000

EBITDA: SEK -31,658,000

Total Assets: SEK 672,466,000

Equity: SEK 591,957,000

Equity Ratio: 88%

Profit Margin: 107%

Pipeline Development

Key Pipeline Candidates

Moank AB: Provides consumer loans, savings accounts, and related insurance products in the Swedish market, utilizing a proprietary credit analysis model.

Moank Pay AB: Offers B2B checkout solutions for businesses, enabling fast payments through invoice, leasing, or direct bank transfers.

Fimento AB: Provides a software platform for financial services.

Moank Finance AB: Details about this subsidiary are not specified in the available sources.

Stages of Development

Moank AB: Operational, offering consumer loans and savings accounts.

Moank Pay AB: Operational, providing B2B payment solutions.

Fimento AB: Operational, delivering software platforms for financial services.

Target Conditions

Moank AB: Consumer loans and savings accounts.

Moank Pay AB: B2B payment and checkout solutions.

Fimento AB: Software solutions for financial services.

Anticipated Milestones

Moank AB: Continued expansion in the Swedish market.

Moank Pay AB: Growth in B2B payment solutions.

Fimento AB: Enhancement of software platforms for financial services.

Technological Platform and Innovation

Proprietary Technologies

Moank AB: Utilizes a proprietary credit analysis model to assess creditworthiness and offer personalized financial products.

Significant Scientific Methods

Moank AB: Employs AI-driven credit analysis and data analytics to evaluate creditworthiness and tailor financial products.

Leadership Team

Key Executives

Peter Lange: Founder and CEO of Moank Fintech Group.

Gustav Ek: Co-founder and Chief Operating Officer (COO) of Moank Fintech Group.

Professional Backgrounds

Peter Lange: Background in law and finance, with experience in financial regulation and corporate finance.

Gustav Ek: Experience in investment banking and startups, with a focus on business development and operations.

Key Contributions

Peter Lange: Led the establishment and strategic direction of Moank Fintech Group, focusing on innovation in financial services.

Gustav Ek: Oversees operations and business development, driving growth and efficiency within the company.

Market and Competitor Analysis

Market Insights and Dynamics

The fintech industry is experiencing rapid growth, with increasing demand for innovative financial solutions that leverage technology and data analytics. Companies like Moank Fintech Group are well-positioned to capitalize on this trend by offering personalized and efficient financial products.

Competitor Overview

Insurely: Focuses on providing insurance data and services, operating in a similar fintech space.

Kontist: Offers banking solutions tailored for freelancers and self-employed individuals, competing in the financial services sector.

Ingrid: Provides financial services with a focus on data-driven solutions.

Spiir AS: Offers personal finance management tools within the fintech industry.

Two: Provides financial services centered on data-driven innovations.

Pretto: Focuses on data-driven financial service solutions.

Pledg: Offers data-centric financial services.

mySofie: Specializes in data-driven financial service offerings.

Seyna: Engages in fintech services emphasizing data analytics.

The Many: Operates within fintech, focusing on data-driven financial solutions.

Strategic Collaborations and Partnerships

Jula Holding: Invested in Moank Fintech Group in November 2023, becoming the second-largest owner and supporting future growth.

Credit Opportunity One: Provided SEK 100 million in capital investment in June 2019, aiding in the company's expansion.

Operational Insights

Moank Fintech Group differentiates itself through its active ownership strategy, focusing on companies that leverage technology and data analytics to transform financial services. This approach positions the company to capitalize on the growing demand for innovative financial solutions.

Strategic Opportunities and Future Directions

The company aims to expand its portfolio by acquiring and developing additional fintech companies that align with its strategic focus on technology-driven financial services. Future directions include enhancing existing operations and exploring new market segments to drive growth and innovation.