VEF has completed a private placement of SDRs raising approximately SEK 522 million at a subscription of price SEK 3.15 per SDR. The subscription price was determined through an accelerated book-building procedure. Investors in the transaction included existing shareholders and a number of well-renowned Swedish and international institutions.

VEF is an investment company that invests in growth stage private fintech companies, focusing on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq First North Growth Market under the ticker VEFL SDB.

The private placement was primarily carried out to support the VEF’s future investments, which includes both follow-on investments and new pipeline investments.

Pareto Securities acted as Sole Manager and Bookrunner. Baker McKenzie Advokatbyrå acted as legal adviser to Pareto Securities. Baker McKenzie's team consisted of Joakim Falkner and Ian Gulam.

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