Finwire Sells Stake to PE Firm Pegroco to Fund Expansion Plans

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Following the fundraising, which took place in June, the remaining 70 percent of Finwire─which was founded in September last year─continues to be owned by chief executive Mats Hård and chief technology officer Fredrik Hansson, who as co-founders each own 35 percent of the company.

Benson, a director at Swedish strategic communications firm JKL, already owned a 5 percent stake in Finwire, which he acquired shortly after the company's launch, and has acquired a further 5 percent stake, while Pegro