Stockholm-based Dicopay payment app for entrepreneurs has raised €4 million

Dicopay, the leading supplier of digital and mobile services for invoicing and direct payments, announced today that it has raised €4 million to help accelerate the rollout of its services and expand its offering. The investment round was led by Schibsted Growth, and also includes Resurs Bank as an investor and commercial partner and Moore Strategic Ventures as an investor and financial partner.

“We are very happy to welcome new investors and partners to Dicopay, ”says Marie Lundberg, CEO Dicopay. “Schibsted’s strong position in media and digital services will be a valuable resource as we seek to widen our marketing activities and sales channels. Resurs Bank is the ideal partner for our checkout solutions and will help us expand our offering further and offer a truly unique smart solution for small and medium-sized enterprises (SME)in the service sector. We look forward to partnering with Moore Strategic Ventures and benefitting from their financial expertise and valuable insights.”

“Adding Schibsted, Resurs and Moore Strategic Ventures as investors broadens our investor base with market-leading strategic, commercial and financial partners and further validates our unique market position,” commented Christian Lagerling, Dicopay’s Co-founder and Chairman of the Board.

“We appreciate that Dicopayis in the business of helping SMEs. With Dicopay’s solution, these businesses can focus on their own customers instead of handling administration. Entrepreneurs helping other entrepreneurs within Fintech, that’s something we definitely want to invest in,”says Dan Ouchterlony, Investment Manager Schibsted Growth.

Dicopay launched its mobile service for invoicing and direct payments in September 2018. The vision is to revolutionize the service sector with a service that eliminates time-consuming administration and enables SMEs to get paid directly after performing their work.

“The partnership with Dicopay makes it possible for us to take a step towards the SME segment, a target group we have not focused on before but where we believe Resurs Checkout and Dicopay can offer a competitive customer solution together,” says Anna Nauclèr, CCO, ResursBank.