Safello AB
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Safello AB - overview
Established
2013
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Safello AB is a leading online cryptocurrency brokerage in Sweden, providing a secure platform for buying, selling, and storing cryptocurrencies. The company aims to facilitate access to digital assets for individual investors and businesses. Founded in 2013, Safello AB operates as an online cryptocurrency brokerage, offering services for buying, selling, and storing cryptocurrencies. The company is headquartered in Stockholm, Sweden.
Ludvig Öberg is the founder, and Emelie Moritz serves as the CEO. Safello has completed four deals, with its most recent funding round being an IPO in May 2021, raising SEK 502 million by selling 37 million shares at SEK 13. 5 per share on NASDAQ. Safello provides a user-friendly platform that enables secure transactions in various cryptocurrencies.
The firm offers secure wallet solutions utilizing Fireblocks MPC-technology to ensure high security for user assets. Their services cater primarily to Swedish residents and businesses but are positioned for expansion into the broader European market, facilitating cryptocurrency adoption for all users. In 2023, Safello reported revenue of SEK 52,914,038. 10 with an EBITDA of SEK 1,762,663.
30. The company's revenue is generated mainly through transaction fees from cryptocurrency trades on its platform, ensuring compliance with financial regulations and security protocols to serve both retail and institutional clients. In May 2021, Safello AB raised SEK 502 million through an IPO to support future growth initiatives. The company aims to expand its services across new European markets, targeting diverse customer bases by 2024.
With the recent funding, Safello plans to develop new products and enhance its platform to meet the evolving needs of cryptocurrency users.
Current Investors
Digital Currency Group, Northzone, Techstars
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.safello.com
Verticals
Blockchain, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Safello AB - timeline of key events
Safello AB - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | 206,620,928 | 315,006,765 | 757,648,965 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | 52.5% | 140.5% | - | - | - |
| EBITDA (USD) | (1,089) | (1,250) | (14,351) | (10,748) | (233,186) | 6,262,089 | 12,347,757 | 17,945,746 | - | - | - |
| Operating Income (USD) | (1,089) | (1,250) | (14,351) | (10,748) | (233,186) | 6,247,146 | 12,328,418 | 17,926,407 | - | - | - |
| Operating Margin | - | - | - | - | - | 3.0% | 3.9% | 2.4% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | 3.0% | 3.9% | 2.4% | - | - | - |
| NET Income (USD) | (1,089) | (1,250) | (18,004) | (749) | (233,186) | (14,647) | 4,302 | 31,347 | - | - | - |
| % Net Margin | - | - | - | - | - | (0.0%) | 0.0% | 0.0% | - | - | - |
Safello AB - employee data
Safello AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board of Directors | BM |
BM Board Member
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