STING and NFT Ventures creates Fintech hub in Stockholm, Mondido first investment

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STING and NFT Ventures have started a collaboration that will develop Stockholm into a hot spot for entrepreneurs with fast-growing global startups in Fintech, Financial Technology, through a structured incubator program and a specialized Fintech investment company. Mondido, a smart online payment solution, is the first startup company to bring in an investment from NFT.

STING and NFT Ventures have signed a cooperation agreement to develop Stockholm and the Nordic countries into a leading hub for future payment, banking and transaction services − Next Generation Banking.

− We are very proud to together with one of the world’s leading incubators create opportunities for the next generation of banking and payment services in Stockholm and the Nordic countries. We have already made our first investment in Mondido, a company that has undergone STING’s excellent accelerator program FastForward, says Johan Lundberg, CEO of NFT Ventures.

− Thanks to NFT Ventures, Stockholm gets the first specialized early-stage investors in Financial Technology. We are very excited about this and confident that our partnership with NFT will produce even more exciting startups in the area of payment, banking and transaction services, says Pär Hedberg, founder and CEO of STING (Stockholm Innovation & Growth).

Mondido is a smart solution for online payments with a focus on analysis and conversion. The founders Robert Pohl and Annika Mann have developed a unique service that provides valuable information for making decisions on marketing, product development and for how to increase sales. Mondido launched earlier this year with the aim of becoming the payment solution for the big corporations of the future.

− We are very happy that STING and now NFT Ventures invest in us, and we see that their invaluable industry expertise and network will strengthen Mondido and help us change the way online payments will look in the future, says Annika Mann, co-founder and COO on Mondido.

> More about Mondido