Crowdfunding in Sweden: the platforms to know

Crowdfunding in Sweden means putting small amounts into loans to property developers, lending strategies, clean-energy companies or shares in young companies through an online platform, from about €25 or 500 kronor. Swedish platforms need a licence from Finansinspektionen (FI) under the EU crowdfunding rules, and this guide compares five platforms Swedish investors can use, what each one offers and what to check first.

What crowdfunding in Sweden looks like

Most investment crowdfunding is lending: across the EU, 58% of the money raised in 2024 went into loan-based projects and 12% into shares. You lend through the platform, receive interest during the term and get your capital back at the end, if the borrower pays. With shares in young companies, you only make money if the company is later sold or listed on a stock exchange.

The five platforms in this guide cover the main types you will meet:

• Loans to property developers, each loan secured by a pledge, usually on property: Kameo.
• Lending strategies that spread your money over many consumer, business and property credits automatically: SaveLend.
• Loans to solar and clean-energy companies in Africa, Asia and Latin America, run from Gothenburg: Trine.
• Shares in startups and pre-IPO companies through a paid members' club licensed in France: Akka.
• Existing shares in unlisted Swedish growth companies, bought from current shareholders on a marketplace: Accumeo.

Donation and reward crowdfunding, where you support a project for a gift or for nothing in return, also exists in Sweden, but it pays no financial return and is not covered here.

Finansinspektionen and the EU crowdfunding licence

Since 10 November 2021, crowdfunding for businesses in Sweden has been governed by the EU's crowdfunding regulation, Regulation (EU) 2020/1503, together with a Swedish law that adds national rules to it (2021:899). FI is the authority that grants the licence. In FI's own words, a company that runs an online platform matching investors or lenders with companies seeking finance must have its authorisation, and this covers both loan-based and share-based crowdfunding. Platforms that had worked under older national rules had until 10 November 2023 to get the new licence.

The licence brings the same investor protections everywhere in the EU. Before your first investment, a platform must test what you know and ask you to simulate how large a loss you could bear. If you are a less experienced investor and want to put in more than €1,000 or 5% of your net worth, whichever is higher, in one project, you get a warning and must confirm. After accepting an offer you have four calendar days to change your mind without a reason. Each offer comes with a key information sheet of at most six pages, and the platform must publish its default rates every year.

A provider licensed in another EU country can also serve Swedish investors. Akka is licensed by the French regulator, the AMF, and ESMA's register lists Sweden among the countries where it offers its services.

The platforms compared

The table lists the five platforms in alphabetical order. The figure in the fourth column is the platform's own figure with its date; read the note under each one, because some are contract rates before losses, some are what investors actually earned and one is a paper gain.

The platforms one by one

Accumeo

A Stockholm marketplace, started in 2021, where you buy existing shares in unlisted Swedish growth companies from people who want to sell, using Swedish BankID. It does not run fundraising rounds for companies. It publishes no return figure, only prices, and these move both ways: its own page for one well-known company shows a fall of 84% between mid-2021 and late 2022. A brokerage fee of up to 3% is charged on completed trades. ESMA's register shows its EU crowdfunding licence ended on 26 January 2026; its website now describes it as a tied agent of Aqurat Fondkommission, a securities firm licensed by FI.

Akka

A paid members' club, run by Akka Europe SAS in Paris and popular in Sweden, offering one or two startup or pre-IPO deals a month. You pay a membership fee, then a structuring fee of 3% to 8% of each investment, and Akka takes a share of any gain when a holding is sold. The 33% growth it shows for 2025 is based on company valuations, not on sales; one exit had been reported by November 2026. There is no secondary market, and Akka gives an average of four to six years before an exit.

Kameo

A Nordic platform, run from Stockholm, that has lent to small and mid-sized property developers since 2016, from 500 kronor per loan, and has arranged SEK 10.76 billion across 1,664 loans (1 September 2026). Every loan is secured by a pledge, usually on property. Confirmed losses were 0.147% of the money arranged, but 74 loans (4.4% by number) had defaulted and SEK 102.2 million of overdue loans was still being worked out. There is no market to sell a loan early: your money comes back when the borrower repays.

SaveLend

A Swedish platform since 2014 where you choose a strategy rather than single loans. Balanserad starts at 2,000 kronor and Yield at 10,000 kronor; a robot spreads your money over many credits, most of them from the group's own company. SaveLend publishes what investors earned after losses and fees, but no default or loss rate. The credits are largely unsecured, and the buyback of defaulted consumer credits is a promise from a small group company. Exits depend on repayments or a buyer on the second-hand market.

Trine

A Gothenburg platform lending since 2015 to companies that sell or run solar power and electric vehicles in emerging markets, from €25, in euros or US dollars. By 25 October 2026, 15,318 investors had put in €119.2 million. Investors have lost real money: €8.19 million defaulted out of €118.8 million fully funded since the start. Some loans carry investment protection from Sida, the Swedish development agency. Loans run about five years or more, and there is no secondary market.

What the figures show

The headline numbers on Swedish platforms measure different things. Kameo's 9.3% is the interest rate in the loan contracts, before any losses or idle cash. SaveLend's 6.74% and Trine's 5.85% are what investors actually earned after losses. Akka's 33% is a paper gain on company valuations that nothing has been sold at. Accumeo publishes no figure at all. Comparing them side by side as if they were the same thing would mislead you.

Trine's figures show the gap well: the average rate on all its loans is 7.43%, but after losses investors earned 5.85% a year. At Kameo, a large share of the problem loans from 2023 and 2024 is still being recovered, so the loss figure can still rise.

How the returns are taxed in Sweden

For a person taxed in Sweden, interest from crowdlending is capital income (inkomst av kapital) and is taxed at 30%. Gains and dividends on shares are also capital income at 30%; for unlisted shares, such as those bought through Akka or Accumeo, Skatteverket's rule is that gains, dividends and losses are counted at five sixths, so a gain is taxed at an effective 25%. The investment savings account (ISK), with its tax-free level of 300,000 kronor from 1 January 2026, does not help here: Skatteverket's list of assets allowed in an ISK covers cash, listed instruments and fund units, not crowdfunding loans or unlisted shares. Check whether your platform reports your interest to Skatteverket; if it does not, you declare it yourself in your tax return.

What to check before you sign up

1. The licence. Find the company behind the platform in FI's or ESMA's register and check that its status is active.
2. What you buy. A single loan, a share of a strategy, a share in a company or a unit in a vehicle: each carries different risks.
3. What the figure means. A contract rate, a return after losses or a paper gain, and its date.
4. The security. A pledge on property, a guarantee, a buyback promise or nothing, and who stands behind it.
5. The exit. Whether a second-hand market exists and how long the money is tied up: from about 18 months for a property loan to five years or more for an energy loan or a startup share.
6. The fees. Membership, structuring, automatic investing and sale fees all reduce what you keep.
7. Spread it out. Small amounts over many projects and several platforms, and only money you can leave untouched for years.

The main risks