Friday 16 December, 2016 14:15

Collector invests in BetterWealth and Wint – strengthening its position within Fintech

Gothenburg, Sweden – Collector AB (publ.) (Nasdaq Stockholm: COLL). Collector invests in BetterWealth and Wint, strengthening its position within Fintech.

Collector currently cooperates with several Fintech companies. To enable a continued high level of innovative energy, through Collector Ventures, Collector is investing in young Fintech companies with a distinct digital focus.

BetterWealth is a fully automated investment advisory service using algorithm-based portfolio management. BetterWealth targets private individuals and companies, focusing on stable risk-adjusted return. The company customizes each portfolio based on the user’s investment objectives.  

“Banks and investment advisers have not adapted their business and advisory models to new products and technology. Customers pay high fees but miss out on the return. We offer a transparent and independent investment service, focusing on low fees and high availability. Aided by Collector Ventures’ investment, BetterWealth will launch its services in 2017.” Andreas Pålsson, Founder and CTO, BetterWealth

Wint is a company offering digital accounting services. The company’s proprietary software handles invoicing, suppliers’ invoices, payroll, VAT reporting and tax payments, automatically and in real time. Wint has just over 50 employees and sales of approximately SEK 32 million.

“We are now shifting into the next gear,” says Björn Elfgren, Managing Director and Founder of Wint, in connection with the company’s raising an additional SEK 20 million in a directed share issue.

“We have worked for a long time on the development of automated accounting, and we now have a fully functioning product in the market. It means a lot to us to get Ernström & C:o and Collector Ventures as new shareholders. Not only will the additional capital speed up our efforts; we will also get new shareholders who believe in us and our work. We are incredibly happy about it!” Björn Elfgren, Founder and Managing Director, Wint

“Both companies, BetterWealth and Wint, have developed digital products that simplify their customers’ operations and reduce costs. That’s exactly what we think digitization should achieve.” Lena Apler, Founder and Chairman, Collector 

For further information, please contact:
Lena Apler, Founder & Chairman Collector I Phone +46 70-525 65 80 I 
Åsa Hillsten, CCO & IR Collector I Phone +46 70-081 81 17 I
Johan Lundberg, CEO NFT Ventures I Phone +46 739-88 04 22 I