About
Yabie has developed an innovative, mobile cash register solution and markets itself as "iZettle on Steroids" as the company's technical platform and payment system is suitable for both smaller retailers and larger companies. The company was founded by serial entrepreneur Mathias Plank in 2017 (under the name Kaching) with the development of a payment solution for Apple-authorized stores in the Nordic region and has since grown to over 5,000 corporate customers and continues its strong growth.
With a recent additional funding round of 160 million SEK in June, Yabie has now raised 660 million SEK in total and is valued at 960 million SEK post money. The valuation has thereby increased by 50% compared to the latest round in May 2021. The new round was led by the investment fund Absolut Unlisted with existing investors such as Swedbank, NFT Ventures, Brightly Ventures and SBB's CEO Ilija Batljan participating as well. The company's largest owner is still Sven Hagströmer with his investment company Creades.
The company puts the previously announced IPO plans on hold at the moment and solely focuses on profitable growth, both organically and via acquisitions. In an article in Di Digital in June CEO Mathias Plank explained the strategy ahead - “All companies that we have acquired so far generate positive cash flows, so we do not take on a burn rate. If we play our cards right during this period, we can come out of this significantly stronger."
"We are doing this round now and do not need to rush to do an IPO unnecessarily. We are still interested in going public in the longer term, but the climate is not right at the moment. However, we have two acquisitions that we are looking at and want to move forward with. So the money will go to that".
In the same article it was also announced that Yabie’s revenue run rate was at 120 million SEK.
“Private companies have huge potential upside. The challenge is that they are usually closed to investment. We created Tioex as a new way in.”

Johan Hägglund
Founding Partner, CEO
Press
.png)
Not live