CIBC Innovation Banking has announced the provision of debt financing to support Norvestor’s acquisition of Wint, a Swedish fintech firm specializing in automated accounting and payroll solutions for small and micro businesses.
Founded in 2011 in Gothenburg, Wint offers an all-in-one, cloud-based platform designed to streamline financial administration covering everything from invoicing, bookkeeping, and payroll to tax returns and statutory reporting. The automation helps small business owners focus more on growth and less on back-office tasks.
The acquisition, completed in December 2024, saw Norvestor IX SCSp take a majority stake, alongside Wint’s management and key team members.
Daniel Johansson, CEO at Wint said: “We are very proud of what we’ve accomplished with Wint so far. Currently, we serve approximately 4,700 customers and continue experiencing rapid growth. With Norvestor as our main owner and the addition in the form of a financing package from CIBC Innovation Banking, we are well-equipped to continue building our technology platform, scaling our operations, and delivering great value for our customers.”
Sean Duffy, Managing Director, CIBC Innovation Banking UK & Europe, said: “For micro and small businesses lacking the resources of larger enterprises, organising and managing administrative tasks can be a significant challenge. Wint’s solution enables these businesses to focus on their core business, and operate efficiently while ensuring compliance with necessary regulations. We are delighted to support Wint on its growth journey.”
