Treyd Raises €5M and Appoints Klarna Deputy CEO Knut Frängsmyr as Chairman

Swedish fintech company Treyd offers flexible financing solutions to trading companies in the UK, Ireland, and the Nordics. The company is now strengthening its strategic leadership with the appointment of Knut Frängsmyr, former Deputy CEO at Klarna, as Chairman of the Board. At the same time, Treyd has secured €5 million in new capital from existing investors to accelerate its growth journey.

Experienced leader joins at pivotal moment

Knut Frängsmyr brings nearly two decades of experience from some of Europe’s fastest-growing tech companies. During his eleven years at Klarna, he played a key role in the company’s international expansion, helping to grow revenue from EUR 67 million to EUR 1,7 billion. He has also served as Chairman of several companies aligned with Treyd’s market and ambitions – including Mollie, Budbee and CDLP.

‘Knut is a fantastic addition for Treyd’s next chapter. He has built category leaders from scratch and knows what it takes to scale a new model globally. Since early 2024, we’ve tripled our volumes, proving the real need for the category we’ve created. Now we’re ready to accelerate and claim a clear international leadership position,’ says Peter Beckman, CEO and co-founder.

Knut succeeds Stefan Nordahl, who will continue to serve as a board member and major shareholder through Nineyards Equity.

‘Treyd has evolved remarkably since Nineyards led their Series A round in 2022, despite a challenging market. Knut and I have discussed the timing of this transition for a while, and now feels absolutely right. I’ll remain an active board member and Nineyards will continue as lead investor. I’m genuinely looking forward to building a strong trio with Knut and Peter to keep creating value’, says Stefan Nordahl, outgoing Chairman and lead investor via Nineyards Equity.

EUR 5 million in new capital from existing investors

Treyd recently secured EUR 5 million in new funding from its existing investor base: Nineyards Equity, Zenith VC, J12 Ventures, Antler, and a group of 20+ angel investors. The capital will be used to accelerate growth and further develop the company’s product offering.