New Investments of SEK 127 Million Bolster Financial Technology Company Treyd: Outstanding Performance with Low Credit Losses.

The financial technology company Treyd has recently secured a capital injection of SEK 127 million, with a significant portion being in the form of a convertible loan. The investment has been made by reputable players such as Nineyards Equity and Antler, bringing Treyd's total capital raised to nearly a quarter of a billion kronor – an impressive feat for a company that has only been in existence for three years.

Treyd positions its business as a "sell first, pay the supplier later" service, providing loans to merchants to facilitate the sale of goods before payment to the supplier is due. The target audience for this service is small and medium-sized businesses. The company has consistently attracted new capital, with a new issuance of SEK 100 million last year, followed by an additional SEK 50 million and SEK 77 million this year through an issuance and a convertible loan.

In last year's issuance, Treyd was valued at SEK 463 million, including the latest additions. The company asserts that this valuation is still relevant, as the recent SEK 127 million is part of the same A-round. However, the convertible price is set at a conversion value equivalent to SEK 200 million.

The company explains this as a precautionary measure, protecting investors if no new capital round is conducted. In such a case, the convertible will automatically convert with a valuation of SEK 200 million. Treyd expresses optimism, hoping that the current extension will result in a significantly higher valuation than the initial A-round, depending on the outcome of the upcoming B-round.

Since Treyd first raised capital just over a year ago, they claim to have multiplied their customer base sixfold and now have over 600 customers, primarily in Sweden and the UK. These customers come from various industries, including fashion, cosmetics, home electronics, and energy, and include well-known names such as CDLP, Morjas, LH Cosmetics, One Piece, and Sun Roof.

The latest funding round is led by the venture capital firm Nineyards Equity in collaboration with Antler and includes investments from Zenith and J12 Ventures.

Source: Dagens Industri