CIBC Innovation Banking provides debt financing to support Norvestor’s acquisition of Swedish accounting software company Wint

CIBC Innovation Banking today announced that it has provided debt financing to support Norvestor’s acquisition of Wint, a Swedish technology company offering an automated accounting and payroll solution for micro and small businesses.

Wint develops and offers an automated, cloud-based solution to simplify financial administration, enabling small businesses to operate more efficiently. The platform offers an all-in-one solution for financial processes, including invoicing, receipts and expense handling, time and financial reporting, bookkeeping, payroll, and statutory reporting, including year-end reports and tax returns.

Wint was founded in 2011 in Gothenburg, Sweden. In December 2024, Norvestor IX SCSp became the majority shareholder of Wint, followed by the company’s management team and key employees.

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.”

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation: https://www.innovationbanking.cibc.com

About Wint

Wint is a Swedish technology company developing its proprietary, automated accounting and payroll platform. The company offers a turnkey platform to simplify financial administration and management for micro businesses, offered through a monthly subscription. Wint is headquartered in Gothenburg, Sweden and has a tech-oriented organization of 100 employees. Read more at www.wint.se