Nowonomics AB
NNGM:NOWO5.10
SEK
-0.20
(-3.77%)
ISIN
SE0015660840
Return %
Stock
S&P 500
1Y
-32.00
14.20
3Y
-52.34
81.12
5Y
-88.91
68.34
Capital Structure
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- CEO
- Karl Johan Rutger Selin
- Full Time Employees
- 8
- Sector
- Technology services
- Industry
- Packaged software
- Address
- Stockholm Sweden
- IPO Date
- Apr 7, 2021
- Website
- nowo.se
- Similar Companies
- Business
- Nowonomics AB is a Sweden-based financial technology company that develops and operates a digital platform for micro-savings, personal pension planning, and consumer wealth management. Founded in 2015 and headquartered in Stockholm, Sweden, the company provides automated savings solutions designed to help individuals secure long-term financial security and retirement capital through everyday financial activities, primarily serving retail consumers and corporate clients across the Nordic region. The company's core product and service offerings comprise the Nowo mobile application, a proprietary personal finance platform featuring automated micro-saving tools such as daily savings, step savings, and salary-linked contributions; the Nowo Mastercard, a co-branded payment card that allocates cashback rebates from everyday purchases directly into user pension accounts; the Nowo Cashback network, an affiliate shopping portal partnering with e-commerce retailers to generate purchase-based savings kickbacks; the Nowo Global Fund, an actively managed mutual fund vehicle focused on global equities where user savings are accumulated and invested for long-term growth; Nowo Företag, an employer-facing corporate pension and financial wellness solution facilitating workplace micro-savings for employees; and integrated financial protection and insurance products. In recent developments, Nowonomics AB has advanced its growth strategy through strategic asset management acquisitions and corporate partnerships, including the acquisition and integration of QQM Fund Management AB to enhance its in-house fund management capabilities and broaden its investment portfolio. The company has also expanded its commercial distribution partnerships with banking and card-issuing partners, introduced enhanced platform features to drive user engagement, and executed strategic equity financing rounds and rights issues on the NGM Nordic SME exchange to accelerate user acquisition, fund technology enhancements, and scale its corporate pension offerings.