Swedish mobile banking challenger Plexian secures Skr2.8 million to take on the big banks

Source: Plexian

Plexian LLC (publ) ended on the 10th of November 2017 the subscription period for the general public to purchase shares of the company.

The offering amounted to 2 852 000 SEK, giving the company a valuation (pre-money) of 62 000 000 SEK, up from (pre-money) 8 000 000 SEK after the initial spring offering.

“We have widened share ownership of the company and welcomed a few shareholders of importance, including the CEO of a large Swedish bank, the director of a large international bank, as well as an additional 50 smaller shareholders. We now stand strong before the winter launch of our digital company card”, says Sami Sulieman, CEO.

“We thank our shareholders for their commitment and the trust they have shown in the offering. Many who had signed up for the initial spring offering were present this time as well. Plexian is now right in the middle of the launch of a mobile company card that will offer automatic bookkeeping. The offering allows us to keep a sustained high growth”, adds Sami.

Plexian intends to issue a Private Placement Offering of 15 000 000 SEK at the beginning of 2018 to go through with the application for a banking license during Q1 2018 and a planned IPO on the Nordic Growth Market (NGM) during Q2.

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