We are proud to announce that Incore Invest has issued a EUR 130 million bond with DNB Carnegie to strengthen our Nordic fintech strategy
Incore Invest’s subsidiary Harmoney BidCo AB (publ) has successfully completed a EUR 130 million bond issuance under an established framework that allows for an increase of up to EUR 200 million. The transaction attracted strong investor interest, and the proceeds will be used to further strengthen Incore Invest’s position in fintech through the acquisition of CoreOrchestration and its SaaS platform PaymentIQ.
CoreOrchestration will operate as an independent standalone company and Incore Invest will support the business as an active, long-term owner, with a focus on accelerating product development and commercial growth.
“We invest in market-leading Nordic technology companies with strong products, international expansion potential and the ability to create significant value through operational development and geographic growth. The Nordic region is one of the world’s most advanced ecosystems, characterised by high digital maturity and innovative entrepreneurs. This is where we see companies capable of taking global positions. Through active ownership, industrial expertise and access to capital, we aim to support the next generation of Nordic fintech winners,” says Nicolai Chamizo.
Founded in 2014, CoreOrchestration generates approximately EUR 60 million in revenue, supported by solid growth and strong profitability. Its core product, PaymentIQ, is a SaaS-based payment orchestration platform that enables merchants to centrally manage, optimise and scale payment flows across multiple markets and payment service providers through a single integration.
We are looking forward to exciting times ahead where CoreOrchestration will add value to Incore Invest’s portfolio.