Splitgrid AB

Splitgrid AB is an innovative payment solution provider that streamlines transactions between retailers and suppliers, enhancing liquidity and reducing cash flow risks. The company focuses on creating secure financial environments for its clients. Splitgrid AB, founded in 2014 in Örebro, Sweden, specializes in payment solutions that facilitate financial transactions between retailers and suppliers. The founding team includes Erik Nygren, Göran Eriksson, and Jonas Forsman, who currently serves as CEO.

The company has raised a total of SEK 7. 5 million, with its most recent funding round on May 16, 2019, attracting investments from ALMI Invest, Collector Bank, and Innovestor. Splitgrid offers a payment solution that integrates with retail point-of-sale systems, automating payment calculations based on sales data. This service enhances liquidity for retailers by reducing capital tied up in inventory and minimizes the risk of delayed payments for suppliers.

Targeting sectors such as retail and e-commerce, Splitgrid aims to optimize inventory management and ensure reliable payment timelines for its clients in Sweden and beyond. In the most recent financial year 2024, Splitgrid reported a revenue of SEK 413,613 and an EBITDA of SEK 130,601. 9. The revenue model is commission-based, facilitating predictable cash flow for both retailers and suppliers by allowing payments to be made automatically after sales.

Following its SEK 7. 5 million funding round in May 2019, Splitgrid plans to use the investment to expand its market presence and invest in sales efforts. The company aims to strengthen its position in the payment solutions market, with potential expansions into new geographic regions in Europe, although specific timelines for these initiatives have not been disclosed. Upcoming products designed to enhance their service offerings are also in development.