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Incore Invest Launches Second Fund to Accelerate High-Growth Investments Across Europe
Nicolai Chamizo
Incore Invest is expanding its portfolio with the launch of Incore Invest II, a new fund designed to accelerate the growth of high-potential SaaS, embedded finance and fintech companies across Europe. Building on the success of Incore Invest, the new fund will support businesses with proven revenue models and strong growth potential, particularly in the Nordic and Northern European markets, including the UK.
Incore Invest II will provide strategic and long-term capital to businesses that have already demonstrated strong fundamentals, but need support to scale further. The fund takes a selective approach, investing in companies with established revenue streams and allowing them to accelerate growth without the constraints of traditional venture capital. By identifying high-potential opportunities early, Incore Invest II aims to expand its portfolio while deepening its involvement in key investments, ensuring hands-on partnerships to drive operational growth.
The launch comes as fintech, SaaS and embedded finance industries continue to evolve under regulatory shifts such as PSD2/3 and the expanding open banking framework. Europe has been a breeding ground for financial innovation, but growth-stage companies often struggle to secure investment that balances strategic involvement with long-term growth potential. By bridging this gap, Incore Invest II will be influential in helping European startups create new economic opportunities.
“Incore Invest II is the natural evolution of our investment strategy,” said Nicolai Chamizo, CEO and Founder of Incore Invest. “We are building on a strong foundation and expanding into bigger opportunities with a selective and high-conviction approach. Traditional finance is shifting towards more innovative and scalable solutions, and we see a great opportunity to support the next wave of transformative businesses.”
As part of its growth strategy, Incore Invest has also strengthened its team by hiring Kasper Terrvik as Investment Manager. Kasper, who previously worked in Bloomberg’s analytics department before joining SEB Corporate Finance as an M&A analyst focusing on technology and growth companies, bringing deep expertise in deal sourcing, valuation and financial modelling.
Kasper Terrvik commented, “Incore Invest is an exciting firm with strong momentum, and the opportunity to help shape and scale a dynamic investment company is highly compelling. With our new fund, we have the mandate to pursue high-growth software businesses across multiple verticals, and I look forward to identifying and supporting the most promising companies in this space.”
With the flexibility of Incore Invest II’s broader mandate, the firm is positioned to capture opportunities in emerging verticals while continuing its track record of investing in high-growth companies. The new fund from Incore Invest will provide a needed backing for businesses creating scalable and next-generation solutions.
Brite Payments is a fast-growing second-generation challenger in the European payment space. Allowing consumers to make payments using their bank account, Brite employs state-of-the-art open banking technology to process instant payments across Europe across a wide range of verticals. With connections to many of the continent’s largest banks, consumers and merchants receive their funds instantly, making online payments safer and more convenient than ever. Brite was founded and led by an experienced team of FinTech executives from the likes of Klarna, Qliro, Trustly and iZettle, to name a few.
Mynt is a Swedish fintech offering smart company cards that simplifies expense management. Hand out a Mynt card to everybody in the company and set individual spending limits to each person, giving the CFO control over the company’s spend in real time. With full integration to the accounting system, users save both time and money by automating expense management and sending all receipts straight into the accounting system. Mynt is building smart solutions around all corporate spend that makes everyday business life easier.
SAVR is a disruptive marketplace for savings with the ambition to create transparency and improved experiences for long-term savers. SAVR offer a fund and pension saving platform without high commission and distribution fees. On average customers pay half the fund fee compared to investments through other banks and saving services. All commissions are fully refunded to customers.
Kameo is an investment platform that offers attractive investment opportunities for everyone. Kameo’s platform connects more than 65,000 retail and institutional investors with Scandinavian real estate developers and companies. Since its inception in 2016, Kameo has facilitated over 1,200 loans, accumulating a total value of over SEK 7 billion. The average net return for investors has been more than 9 percent annually. Kameo employs a team of 30 professionals across its offices in Stockholm and Oslo. ABG Sundal Collier and Incore Invest are strategic owners in the company.