News February 14: Spotify, Transfer Galaxy, Prisjakt, Purefun Group and more

Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.

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News from Swedish startups, the tech sector and VCs

  • Spotify is reportedly mulling a bid for UK-based podcasting company Audioboom - as is Amazon (English).
  • Transfer Galaxy, the remittance startup based in Örebro's Vivalla district, is likely the most successful tech company created out of Sweden's numerous socioeconomically vulnerable areas. Its CEO Yosef Mohamed doesn't want to move the company either, despite certain pressure (Swedish, machine translation).
  • Schibsted is evaluating various options for what to do with its shopping comparison site Prisjakt, in the wake of Klarna's aquisition of PriceRunner (Swedish, machine translation).
  • Klarna and three other BNPL firms were told by Britain's financial watchdog to change their contracts due to "potential harms" to consumers (English / Reuters paywall, alternative URL).
  • Speaking about Klarna: DI Digital investigated in which startups Klarna's third, (comparatively less visible) founder Victor Jacobsson invested his money  (Swedish / DI Digital paywall, Swedish #2, machine translation).
  • Helsingborg-based Purefun Group, which describes itself as "the number 1 consumer adult e-commerce company in Sweden" and - among others sites - runs Vuxen .se, went public today at a valuation of SEK250M (€24M, $26M) at the Nasdaq First North Growth Market (Swedish, machine translation).

Other interesting things from Sweden

  • Researchers want to recycle urine for use as fertilizers and other products (English).
  • EV maker Polestar placed a 30-second ad during the Superbowl and mocked Tesla and Volkswagen (English).
  • The price of diesel fuel in Sweden is now the highest in the world (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm