About Swedbank
Swedbank is a company based in Stockholm (Sweden) founded in 1820 by Ron Andersson.. The company has 18,360 employees as of December 31, 2024. Swedbank has completed 4 acquisitions, including EnterCard, PayEx and Paywerk. Swedbank offers products and services including Asset Management, Life Insurance, Investment Banking, and Sustainability Services. Swedbank operates in a competitive market with competitors including Nordea, Scotiabank, Bank of America, Handelsbanken and SEB, among others.
- Headquarter Stockholm, Sweden
- Employees 18360 as on 31 Dec, 2024
- Founders Ron Andersson
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Swedbank Ab Class A
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Annual Revenue
$14.47 B (USD)11.68as on Dec 31, 2024
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Net Profit
$3.16 B (USD)2.17as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$214.31 K (USD), Grant
Jun 01, 2021
- Investors
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Employee Count
18360
as on Dec 31, 2024
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Investments & Acquisitions
EnterCard
& 3 more
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IPO & Listings of Swedbank
Swedbank is a publicly listed company on the OMXSTO with ticker symbol SWED_A in Sweden, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Swedbank
Swedbank offers a comprehensive portfolio of products and services, including Asset Management, Life Insurance, Investment Banking, and Sustainability Services. 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.
Manages investments for private and corporate clients
Offers pension and life insurance products
Provides advisory for investments and trading
Focuses on environmental and responsible business practices
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Software Development Team
207 people
Head Team
45 people
Data Analysis and Operations Team
36 people
Product Management Team
35 people
Legal and Compliance
35 people
Senior Team
34 people
Finance and Accounting
33 people
Creative and Marketing Team
28 people
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Funding Insights of Swedbank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $214,312
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First Round
First Round
(01 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Grant - Swedbank | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - Swedbank | Valuation |
investors |
| 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 Swedbank
Swedbank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Swedbank
Swedbank has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include EnterCard, PayEx and Paywerk. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Card-based buy now, pay later services are provided for payments.
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2021 | ||||
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Mortgage-based loans are provided by Stabelo in Sweden.
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2016 | ||||
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Entercard offers credit cards, loans, and secure digital services to consumers in Nordic countries.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Swedbank
| 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 |
Swedbank Comparisons
Competitors of Swedbank
Swedbank 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 Nordea, Scotiabank, Bank of America, Handelsbanken and SEB, 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 |
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| domain | founded_year | HQ Location |
Nordea is recognized as a leading Nordic universal bank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Handelsbanken is recognized for personal and corporate banking services.
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| domain | founded_year | HQ Location |
SEB is recognized as a leading Nordic corporate bank.
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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 Swedbank
Frequently Asked Questions about Swedbank
When was Swedbank founded?
Swedbank was founded in 1820 and raised its 1st funding round 198 years after it was founded.
Where is Swedbank located?
Swedbank is headquartered in Stockholm, Sweden.
Who is the current CEO of Swedbank?
Birgitte Bonnesen is the current CEO of Swedbank.
How many employees does Swedbank have?
As of Dec 31, 2024, the latest employee count at Swedbank is 18,360.
What is the annual revenue of Swedbank?
Annual revenue of Swedbank is $14.47B as on Dec 31, 2024.
What does Swedbank do?
Swedbank was established in 1820 and is headquartered in Stockholm, Sweden. Operations focus on the commercial banking sector, where retail banking, private banking, asset management, loans, mortgages, investments, payment services, pensions, and insurance are provided to both individuals and corporate clients. In 2022, annual revenues of 8.78 billion were recorded, alongside a net profit of 2.39 billion.
Who are the top competitors of Swedbank?
Swedbank's top competitors include Scotiabank, Nordea and Bank of America.
What products or services does Swedbank offer?
Swedbank offers Asset Management, Life Insurance, Investment Banking, and Sustainability Services.
Is Swedbank publicly traded?
Yes, Swedbank is publicly traded on OMXSTO under the ticker symbol SWED_A.
How many acquisitions has Swedbank made?
Who are Swedbank's investors?
Swedbank has 1 investor. Key investors include European Union.
What is Swedbank's ticker symbol?
The ticker symbol of Swedbank is SWED_A on OMXSTO.
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