News May 3, 2022: Polarium, Quickbit, Sesamy, Techarenan Challenge, Qliro and more

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

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Funding news

  • Polarium (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, Swedish / DI Digital paywall, Swedish #2).

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News from Swedish startups, the tech sector and VCs

  • Stockholm-based crypto exchange Quickbit announced being the first Swedish crypto company to offer a debit card in Sweden, by releasing the Visa-powered Quickbit Card (English, Swedish).
  • Sesamy, the Acast founders' subscription-free e-book and audiobook startup, is expanding into podcasts (Swedish, machine translation).
  • Spotify becomes the first music streaming brand to have an official presence within Roblox, with the launch of “Spotify Island" (English).
  • The applications for the annual entrepreneurial competition Techarenan Challenge 2022 are open to startups and scaleups from the Nordics (English).

Swedish tech earnings reports

  • Qliro (Stockholm, payments solution for e-commerce and financial services provider for consumers): English.

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).
  • A new tribe of European startups is bringing buy now, pay later (BNPL) to businesses (English / Sifted paywall, alternative URL).

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).
  • 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, machine translation).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: