Swedish fintech startup Bynk has raised €48 million in order to expand its offices across Europe. Found in 2016 under the supervision of Financial Supervisory Authority, the Stockholm-based mobile loan app received the latest funding from LMK Industries and Schibsted.
Now, Schibsted has 32% ownership of Bynk. Schibsted is known to own companies such as Prisjakt, Blocket, Lendo, Compricer and Shpock. The latest funding of €48 million will bring Bynk’s total valuation to €190 million.