About Northmill
Northmill is a company based in Stockholm (Sweden) founded in 2006 by Hikmet Ego.. Northmill has raised $29.79 million across 1 funding round from investors including M2 Asset Management AB and Coeli. Northmill offers products and services including Digital Banking Platform, Business Financing, and Payment Solutions. Northmill operates in a competitive market with competitors including Lunar, Bank Norwegian, Collector Bank, Untie Group and Credence Digital Bank, among others.
- Headquarter Stockholm, Sweden
- Founders Hikmet Ego
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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 Northmill Bank Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.79 M (USD)
in 1 rounds
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Latest Funding Round
$29.79 M (USD), Series B
Feb 09, 2021
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Investors
M2 Asset Management AB
& 1 more
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Employee Count
Employee Count
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Products & Services of Northmill
Northmill offers a comprehensive portfolio of products and services, including Digital Banking Platform, Business Financing, and Payment Solutions. 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.
Platform for managing personal finances and transactions digitally
Solutions for loans and accounts to support business operations
Tools for secure online and offline transactions for customers
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Funding Insights of Northmill
Northmill has successfully raised a total of $29.79M through 1 strategic funding round. The most recent funding activity was a Series B round of $29.79 million completed in February 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 1
- Last Round Series B — $29.8M
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First Round
First Round
(09 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series B - Northmill | Valuation | M2 Asset Management AB , Coeli |
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| 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 Northmill
Northmill has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include M2 Asset Management AB and Coeli. 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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Invests in and manages real estate properties, develops assets, and handles financial reporting in Sweden.
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Founded Year | Domain | Location | |
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Coeli is recognized as a leading investment organization in Sweden.
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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 Northmill
| 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 - Northmill
| 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 |
Northmill Comparisons
Competitors of Northmill
Northmill 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 Lunar, Bank Norwegian, Collector Bank, Untie Group and Credence Digital Bank, 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 |
Lunar is recognized as a digital bank offering innovative financial solutions.
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| domain | founded_year | HQ Location |
Digital bank for individuals
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| domain | founded_year | HQ Location |
Online banking services are offered to individuals and corporates.
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| domain | founded_year | HQ Location |
Digital bank
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| domain | founded_year | HQ Location |
Provides a digital banking platform for efficient financial services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Northmill
Frequently Asked Questions about Northmill
When was Northmill founded?
Northmill was founded in 2006 and raised its 1st funding round 15 years after it was founded.
Where is Northmill located?
Northmill is headquartered in Stockholm, Sweden.
Who is the current CEO of Northmill?
Julie Chatterjee is the current CEO of Northmill.
Is Northmill a funded company?
Northmill is a funded company, having raised a total of $29.79M across 1 funding round to date. The company's 1st funding round was a Series B of $29.79M, raised on Feb 09, 2021.
What does Northmill do?
Northmill was founded in 2006 in Stockholm, Sweden, as a platform for wealth data aggregation and business lending. Operations center on financial services within the banking sector, including data analysis and product development. Services encompass savings accounts, credit lines, business loans, wealth aggregation tools, and NFC-enabled prepaid cards for purchases. An app-based interface is available on iOS and Android devices, supporting marketing and consumer banking functions.
Who are the top competitors of Northmill?
Northmill's top competitors include Lunar, Bank Norwegian and Collector Bank.
What products or services does Northmill offer?
Northmill offers Digital Banking Platform, Business Financing, and Payment Solutions.
Who are Northmill's investors?
Northmill has 2 investors. Key investors include M2 Asset Management AB, and Coeli.
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