Settle Group AS
Latest round
- Series A
Last raised
- Feb 2014
Total raised
- $7M
Investors
- 1
About Settle Group AS
Founded in 2010, and based in Norway, Settle Group AS operates a mobile payment platform that allows users to pay and receive payments. In December 2024, Sokin, a portfolio company of Aurum Partners and Morgan Stanley Expansion Capital, acquired Settle Group AS from MFG Invest. Daniel R. Doderlein founded the firm and led it as CEO. Settle Group offers a financial services platform that facilitates money management, enabling users to pay, receive payments, and run their businesses. The company's core product is a mobile payment platform that operates via mobile numbers, eliminating the need for hardware in transactions. The platform caters to individual consumers, businesses, and developers, facilitating payments in various scenarios, including retail purchases and B2B transactions, addressing the growing demand for mobile payment solutions in Europe. Settle's services are accessible in multiple European markets, including but not limited to Norway, Germany, France, and the UK. Settle Group generates revenue through transaction fees associated with its mobile payment platform. For example, when a consumer purchases at a partnering retailer using Settle's platform, the retailer receives the payment instantly, while Settle collects a small fee for processing. This fee structure is utilized across various user segments, including B2B partnerships and direct-to-consumer sales, potentially supplemented by subscription models or partnerships. In December 2024, Sokin acquired Settle Group AS from MFG Invest, enabling Sokin to broaden its financial services offerings within the European market. As part of its future growth strategy, Settle aims to design and launch new products tailored to emerging digital payment trends, with specific release dates to be announced. The company is also looking to expand into additional European markets, targeting regions that currently lack robust mobile payment solutions, and leveraging the recent acquisition to support these initiatives.
Who invested in Settle Group AS
1 investor across 1 round
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Funding rounds
Series A
Feb 1, 2014
Amount
$7M
Investors
Questions about Settle Group AS
Who invested in Settle Group AS?
Settle Group AS has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Settle Group AS raised?
Settle Group AS has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Settle Group AS last raise money?
Settle Group AS's most recent round on record is a Series A, in Feb 2014.
What does Settle Group AS do?
Founded in 2010, and based in Norway, Settle Group AS operates a mobile payment platform that allows users to pay and receive payments.
Where is Settle Group AS headquartered?
Settle Group AS is headquartered in Oslo, Norway.
Which VCs invest in companies like Settle Group AS?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Settle Group AS's stage. Their profiles are linked below.
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