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# News May 3, 2022: Polarium, Quickbit, Sesamy, Techarenan Challenge, Qliro and more
- URL: https://www.swedishtechnews.com/news-may-3-2022/
- Published: 2022-05-03T15:00:00.000Z
- Updated: 2024-06-21T06:52:11.000Z
- 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), Polarium, quickbit, Sesamy, Spotify, techarenan challenge, Qliro, AMF

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/)!

**Funding news**

- [Polarium](https://polarium.com/) (Stockholm, smart modular energy storage solutions): SEK955M (€91M, $100M) from AMF, at a valuation of $1B. "This year, we are making the company IPO-ready", says founder and CEO Stefan Jansson to DI Digital ([English](https://polarium.com/newsroom/polarium-welcomes-swedish-pension-company-amf-as-new-investor-at-a-1b-valuation/), [Swedish](https://www.di.se/digital/miljardarernas-batteribolag-ar-sveriges-nya-enhorning/) / *DI Digital paywall*, [Swedish #2](https://news.cision.com/se/polarium/r/polarium-valkomnar-amf-som-investerare---varderas-till-1-miljard-usd,c3558657)).

\>> 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**

- Stockholm-based crypto exchange [Quickbit](https://www.quickbit.com/) announced being the first Swedish crypto company to offer a debit card in Sweden, by releasing the Visa-powered Quickbit Card ([English](https://news.cision.com/quickbit-eu-ab/r/quickbit-launches-quickbit-card-in-sweden---first-swedish-crypto-company-to-offer-payment-cards-in-s,c3558547), [Swedish](https://www.realtid.se/quickbit-lanserar-quickbit-card-i-sverige/)).
- [Sesamy](https://sesamy.com/), the Acast founders' subscription-free e-book and audiobook startup, is expanding into podcasts ([Swedish](https://www.breakit.se/artikel/32890/genombrott-for-acast-grundarnas-nya-startup-poddhus-hakar-pa), [machine translation](https://www-breakit-se.translate.goog/artikel/32890/genombrott-for-acast-grundarnas-nya-startup-poddhus-hakar-pa?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Spotify](http://www.spotify.com) becomes the first music streaming brand to have an official presence within Roblox, with the launch of “[Spotify Island](http://Roblox.com/spotify)" ([English](https://techcrunch.com/2022/05/03/spotify-becomes-first-music-streamer-to-launch-on-roblox/)).
- The applications for the annual entrepreneurial competition [Techarenan Challenge 2022](https://techarenan.se/en/challenge/) are open to startups and scaleups from the Nordics ([English](https://www.techarenan.news/2022/05/02/techarenan-challenge-2022-apply-competition-startups-scaleups-awards/)).

**Swedish tech earnings reports**

- [Qliro](https://www.qliro.com) (Stockholm, payments solution for e-commerce and financial services provider for consumers): [English](https://www.qliro.com/en-se/investor-relations/press-release/?slug=qliro-ab-interim-report-january-march-2022).

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

- Facebook is pulling out of podcasts and plans to remove them altogether from the social-media service starting June 3 ([English](https://uk.news.yahoo.com/facebook-pulls-plug-podcast-business-184557380.html)).
- A new tribe of European startups is bringing buy now, pay later (BNPL) to businesses ([English](https://sifted.eu/articles/klarna-little-brother-b2b-bnpl/) / *Sifted paywall*, [alternative URL](https://archive.ph/wip/zIJ4B)).

**Other interesting things from Sweden**

- A single sell order trade by Citigroup caused a brief flash crash in Nordic stock markets on Monday. The Stockholm OMX 30 equity benchmark index was one of the hardest hit, falling by 8% at one point following a five-minute dive ([English](https://www.cnbc.com/2022/05/02/citi-behind-trade-that-caused-brief-european-share-plunge.html)).
- 6,736,332 people living in Sweden reported their taxes digitally this year, an increase of 85,000 compared to last year. 433,191 tax indivduals used the paper forms ([Swedish](https://www.realtid.se/nytt-rekord-for-digitala-deklarationer/), [machine translation](https://www-realtid-se.translate.goog/nytt-rekord-for-digitala-deklarationer/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

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That's it for today.