About Minna Technologies
Minna Technologies is a company based in Goteborg (Sweden) founded in 2016 was acquired by Mastercard in October 2024. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Minna Technologies has raised $25.15 million across 2 funding rounds from investors including Visa, Mastercard and Swedbank. Minna Technologies offers products and services including Smart Subscriptions and Ethoca Consumer Clarity. Minna Technologies operates in a competitive market with competitors including Cleeng, Curlec and Visualizy, among others.
- Headquarter Goteborg, Sweden
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Minna Technologies Ab
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Annual Revenue
$3.21 M (USD)0as on Dec 31, 2023
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Net Profit
$-7.12 M (USD)0as on Dec 31, 2023
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EBITDA
$-7.1 M (USD)0as on Dec 31, 2023
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Total Equity Funding
$25.15 M (USD)
in 2 rounds
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Latest Funding Round
$18.88 M (USD), Series B
Jan 14, 2021
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Investors
Visa
& 6 more
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Employee Count
Employee Count
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Acquired by
Mastercard
(Oct 01, 2024)
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Products & Services of Minna Technologies
Minna Technologies offers a comprehensive portfolio of products and services, including Smart Subscriptions and Ethoca Consumer Clarity. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Subscription management is provided for digital banking channels.
Fraud prevention is supported through consumer clarity tools.
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Funding Insights of Minna Technologies
Minna Technologies has successfully raised a total of $25.15M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $18.88 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $18.9M
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First Round
First Round
(17 May 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Minna Technologies | Valuation | 13books Capital | |
| May, 2019 | Amount | Series A - Minna Technologies | Valuation | Zenith Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Minna Technologies
Minna Technologies has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, Mastercard and Swedbank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward early-stage fintech startups.
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Founded Year | Domain | Location | |
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Growth equity investments are made in scaling tech companies.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to fintech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Minna Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Minna Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Minna Technologies Comparisons
Competitors of Minna Technologies
Minna Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cleeng, Curlec and Visualizy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscriber management systems are provided for digital services.
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| domain | founded_year | HQ Location |
Recurring payments are automated and collected via bank-to-bank direct debits.
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| domain | founded_year | HQ Location |
Automates bank payments, centralizes connections, and manages transactions in real-time.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Minna Technologies
Frequently Asked Questions about Minna Technologies
When was Minna Technologies founded?
Minna Technologies was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Minna Technologies located?
Minna Technologies is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Is Minna Technologies a funded company?
Minna Technologies is a funded company, having raised a total of $25.15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.27M, raised on May 17, 2019.
What is the annual revenue of Minna Technologies?
Annual revenue of Minna Technologies is $3.21M as on Dec 31, 2023.
What does Minna Technologies do?
Subscription management tools are developed by Minna Technologies to enhance customer experience in digital banking channels. Solutions are embedded to connect issuers, merchants, and consumers, reducing operational costs and chargebacks. Engagement and retention are driven through streamlined subscription controls. The focus is placed on the global subscription economy, targeting financial services and technology sectors.
Who are the top competitors of Minna Technologies?
What products or services does Minna Technologies offer?
Minna Technologies offers Smart Subscriptions and Ethoca Consumer Clarity.
Who are Minna Technologies's investors?
Minna Technologies has 7 investors. Key investors include Visa, Mastercard, Swedbank, MiddleGame Ventures, and Nineyards Equity.
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