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# News May 23, 2022: Convini, Monu, Budbee, Einride, Truecaller, RIX-INST and more
- URL: https://www.swedishtechnews.com/news-may-23-2022/
- Published: 2022-05-23T15:00:00.000Z
- Updated: 2023-09-24T15:00:03.000Z
- Description: 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.
- Author: Martin Weigert
- Tags: Daily (PRO), convini, budbee, Einride, Truecaller, monu, Kinnevik, Flat Capital, AMF, exits

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

💡

This post has been unlocked and made available for free a month after publication.  
  
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Or, if you prefer a ****free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)!

**Mergers & acquisitions**

- [Convini](https://www.convini.se/) (Stockholm, operator of smart food and beverage vending machines for offices) acquires bankrupt Germany-based competitor [HelloFreshGo](https://www.hellofreshgo.de) (spun off of HelloFresh in 2018) for an undisclosed amount ([Swedish](https://www.convini.se/blogg/convini-v%C3%A4xer-vidare-genom-att-f%C3%B6rv%C3%A4rva-hellofreshgo-i-tyskland), [machine translation](https://www-convini-se.translate.goog/blogg/convini-v%C3%A4xer-vidare-genom-att-f%C3%B6rv%C3%A4rva-hellofreshgo-i-tyskland?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Monu](https://www.monu.se/) (Stockholm, B2B open banking platform for distribution of fixed income products) is being acquired by Stockholm-based property management and residential services company [Odevo](https://odevo.com/). Financials were not disclosed ([Swedish](https://www.dagensps.se/privatekonomi/bostad/proptech-koper-fintech-nar-odevo-forvarvar-monu/), [machine translation](https://www-dagensps-se.translate.goog/privatekonomi/bostad/proptech-koper-fintech-nar-odevo-forvarvar-monu/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

**Funding news**

- [Budbee](http://budbee.com) (Stockholm, last-mile logistics for e-commerce): SEK400M (€38M, $40M) from existing investors Kinnevik, H&M, AMF, Flat Capital and others, as well as from its employees, at a valuation of SEK7.3B ([English](https://nordic9.com/news/budbee-raises-sek-400-million-from-kinnevik-hm-and-cni-nordics/), [Swedish](https://www.breakit.se/artikel/33153/mitt-i-turbulensen-budbee-tar-in-nya-pengar)).

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing).

**News from Swedish startups, the tech sector and VCs**

- [Einride](https://www.einride.tech/) held its first ever "Mesh" conference in Gothenburg, where the intelligent trucking startup presented an impressive looking battery electric trailer ([English](https://electrek.co/2022/05/21/einride-teases-a-sleek-new-trailer-at-inaugural-mesh-conference/)).
- [Truecaller](http://www.truecaller.com) looks to get competition in its main market India: The country's Telecom Regulatory Authority TRAI is reportedly planning to build its own rival ([English](https://www.hindustantimes.com/india-news/govt-to-come-up-with-truecaller-like-kyc-based-name-display-system-101653125172668.html)).

**Other interesting things from the startup/VC world & beyond**

- The 17 European startups selected by Sequoia’s accelerator - none from Sweden ([English](https://sifted.eu/articles/sequoia-arc-startup-accelerator-programme/) / *Sifted soft paywall*, [alternative URL](https://sifted-eu.translate.goog/articles/sequoia-arc-startup-accelerator-programme/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapphttps://archive.ph/EAv8v)).

**Other interesting things from Sweden**

- Sweden's Cental Bank (Riksbanken) launches service for instant payments between banks RIX-INST([English](https://news.cision.com/sveriges-riksbank/r/riksbank-launches-service-for-instant-payments,c3572418), [Swedish](https://www.realtid.se/riksbanken-lanserar-tjanst-for-omedelbara-betalningar/)).

+++

That's it for today.