Cue statement from Rutger Arnhult, chairman of the board of M2 Assets Management: “Northmill Bank is already a profitable company with a proven and sustainable business model, which stands out among today’s tech investments. We have been following their journey for a while and have been impressed by the founders, as well as the company. The banking market is well on its way to change and the winners will be those who best can adapt to the new digital reality. For me, this is an investment in a tech company with long-term owners, who are just at the beginning of their journey. I see great growth potential in the bank.”

https://techcrunch.com/2021/02/10/sweden-based-digital-bank-northmill-raises-30m/