Wiccon Invest · Sweden
A Swedish investment group focused on Technology, Finance and Impact companies. We co-invest alongside lead investors — bringing capital, board experience, and over a decade of operational depth in fintech, payments and compliance.
About Wiccon Invest
Wiccon Invest grew out of a group of engineers, finance professionals and lawyers who spent years building companies before they started backing them. Based in Örebro, Sweden, we began investing in early-stage digital companies where our operational experience could complement capital — not just accompany it.
Over more than a decade, we have made 20+ investments across fintech, payments, identity verification, security and gaming. The first company to exit our Unicorn-Saurus Rex Initiative, Transfer Galaxy, became a billion-SEK company — authorised by Finansinspektionen and FINTRAC, operating across Europe and North America. Plusius, another portfolio company, signed a world-first strategic partnership with Hurricane Commerce and became the payments infrastructure behind EVRi's cross-border logistics operations.
As of 2026, Wiccon Invest operates as a focused co-investment vehicle. We do not lead rounds or run the due diligence process. What we do is bring genuine expertise, board-level engagement where appropriate, and a network built across fifteen years in regulated financial services.
Investment focus
We focus on three areas where we have genuine knowledge and networks — not just capital.
Software-first companies building infrastructure, developer tools, platforms or enterprise software. We are drawn to defensible technology and to founders who understand what they are building at a deep level — not just what problem it solves.
Fintech, payments, FX, lending, compliance and AML. This is where Wiccon has its longest track record. We understand the regulatory landscape, what KYC/AML implementation actually costs, and what it takes to reach licensing in multiple jurisdictions.
Companies where a strong business model and a positive contribution to the world are the same thing — whether in sustainability, financial inclusion, resource efficiency, or access to services that are currently out of reach for too many people. We invest in impact as opportunity, not charity.
Investment criteria
We are selective and deliberate. We look for companies that have already done the hard early work.
The product exists and works. We do not invest in ideas or decks. We want to see a functioning solution with real-world validation behind it.
We co-invest alongside a qualified lead. We do not initiate or drive the due diligence process. A committed lead investor — or one in active process — is a prerequisite.
The people running the company must have direct, relevant experience in the industry they are operating in. Domain expertise is not a preference — it is a requirement.
The company must have business. Paying customers, signed agreements, or measurable and growing usage. We are not the right partner for pre-revenue companies.
Where Wiccon Invest holds more than 10% of a company, we typically request a board seat to ensure sound governance and financial transparency from an early stage.
Where a Wiccon partner already holds more than 10% personally and holds a board seat in that capacity, we do not request an additional seat on behalf of Wiccon Invest.
We believe being direct about this saves everyone's time — including ours.
Before we became a co-investment vehicle, we ran a program for early-stage digital entrepreneurs with nothing but a strong idea, relevant experience, and the drive to build. The Unicorn-Saurus Rex Initiative gave those founders access to capital, technical expertise, and a network — in exchange for equity at a stage where most investors would not yet look.
Transfer Galaxy was the first company to exit the initiative, in 2017. Today it is a regulated payment institution supervised by Finansinspektionen in Sweden and FINTRAC in Canada, with a valuation exceeding one billion SEK — growing from €5.5M in revenue in 2019 to over €17M by 2023. Several other portfolio companies trace their origins to the same program.
The initiative is no longer open for new applications. It remains a core part of who we are — and why we know the difference between a founder who talks about building and one who has actually done it.
Portfolio
A small selection of companies we have backed with money and/or with knowledge.
Beyond capital
Capital is the smallest part of what we offer.
Where we hold a seat we engage actively — on financial reporting, compliance structure, risk management and fundraising strategy. We have sat on boards of companies from seed stage through to exit and acquisition.
Before you spend your first funding round on the wrong development partner, we review your specifications, vendor proposals and architecture decisions. We have seen too many good companies fail at this exact step.
Project management, go-to-market structure and interim executive support — available on a fee or equity basis for portfolio companies that need hands-on help during critical growth phases.
Fifteen years in fintech, compliance and payments across Sweden and Europe means direct access to potential customers, regulators, co-investors and acquirers — not warm introductions, but real relationships.
Get in touch
We review all inbound submissions. If your company fits our criteria, we will respond within two weeks.
Please include a brief description of your company, your lead investor, and your current traction.