About Westpay
Westpay is a publicly listed company based in Upplands Vasby (Sweden) founded in 1988. Payment processing solutions are offered to businesses and merchants. The company has 45 employees. Westpay offers products and services including Swipe2Pay, Payment Terminals, and SoftPoS. Its focus areas include FinTech, Payments, Business Payments and Diversified.
Company details
Westpay was founded in 1988 and is based in Upplands Vasby, Sweden. Operations focus on the financial technology sector, where payment processing services are provided to businesses and merchants for handling online and offline transactions. Offerings include in-store payments through Oracles POS terminals, payment gateways, self-service options, and a payment application-as-a-service designed for online payment facilitation.
- Headquarters Upplands Vasby, Sweden
- Employees 45
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website westpay.se
- Social LinkedIn
- Legal Name Westpay Ab
- Annual Revenue$8.03 M (USD)9.38as on Dec 31, 2025
- Net Profit$456.04 K (USD)as on Dec 31, 2025
- EBITDA$902.3 K (USD)107.59as on Dec 31, 2025
- Latest Funding Round$1.79M (USD), Post-IPO
Sep 2021
- InvestorsDanske Bank
& 1 more
- Employee Count45
Products & Services of Westpay
Westpay offers a comprehensive portfolio of products and services, including Swipe2Pay, Payment Terminals, and SoftPoS.
Application for selecting and processing various payment methods securely.
Terminals designed for next-generation payment demands and transactions.
Software for accepting card payments directly on Android devices.
Funding Insights of Westpay
- Total Rounds 2
- Last Round Post-IPO — $1.79M
- Investors Count 2
All 2 funding rounds of Westpay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $1.79M | Post-IPO | – | – | – |
| May 2019 | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Westpay
Westpay has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Danske Bank and EKN.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services are provided by EKN in Stockholm, Sweden. | ekn.se | Stockholm, Sweden | ||
Financial services including banking and insurance are provided globally. | 1871 | danskebank.com | Copenhagen, Denmark |
Investor details for Westpay
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People of Westpay
9 people are tracked at Westpay (6 in leadership, 3 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
Pontus Bohlin | Chief Operating Officer | Leadership |
Jeanette Svedjeholm | Chief Sales Officer (cso) | Leadership |
Rūta Žemaitytė | Head Of Financial Planning & Analysis | Leadership |
Tomas Nilsson | CTO | Leadership |
Sten Karlsson | CEO | Leadership |
Pernilla Ullsten | Chief Financial Officer | Leadership |
Annika Grinell | Key Account Manager | Team |
Michael Bäckman | Business Development Executive @westpay AB | Team |
Chamika Dimantha | Release And Compliance Specialist | Team |
Complete people profiles for Westpay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Westpay
Westpay is a publicly listed company on the OMXSTO with ticker symbol WPAY in Sweden, operating in the Electronic technology 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.
- IPO date07 Oct 2005
- Listed onNASDAQ OMX: WPAY
- Listed entityWestpay AB
- Exchange sectorElectronic technology
- ISINSE0002169292
- Share price0.98 SEK (-2.69% on the day) · 2026-10-14
- Market capitalisation102,122,835.00 SEK
- Price to earnings22.4
- EPS (diluted, trailing year)0.04 SEK
- Volume (last session)1,550
Financials of Westpay
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 74.0M SEK | 4.2M SEK | 8.3M SEK |
| 2024 | 67.6M SEK | -6.2M SEK | 4.0M SEK |
| 2023 | 59.7M SEK | -27.6M SEK | -17.3M SEK |
| 2022 | 70.4M SEK | -8.8M SEK | -5.8M SEK |
| 2021 | 53.7M SEK | -19.1M SEK | -19.9M SEK |
Detailed financial statements for Westpay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Westpay
4 dated milestones of Westpay across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Westpay is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $1.8M.
Web traffic of Westpay
The website of Westpay (westpay.se) receives about 7.2K visits a month.
- Monthly visits7.2K
▲ 2.3% vs previous month
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Frequently Asked Questions about Westpay
Westpay was founded in 1988 and raised its 1st funding round 31 years after it was founded.
Westpay is headquartered in Upplands Vasby, Sweden. It is registered at Upplands Vasby, Stockholm County, Sweden.
Westpay has 45 employees.
Annual revenue of Westpay is $8.03M as on Dec 31, 2025.
Westpay was founded in 1988 and is based in Upplands Vasby, Sweden. Operations focus on the financial technology sector, where payment processing services are provided to businesses and merchants for handling online and offline transactions. Offerings include in-store payments through Oracles POS terminals, payment gateways, self-service options, and a payment application-as-a-service designed for online payment facilitation.
Westpay offers Swipe2Pay, Payment Terminals, and SoftPoS.
Yes, Westpay is publicly traded on OMXSTO under the ticker symbol WPAY.
Westpay has 2 investors. Key investors include Danske Bank, and EKN.