2019-11-18 07:30Press release

Dreams granted securities license: initiating European expansion starting with Germany 

Henrik Rosvall, CEO Dreams, Karl Svantemark, CEO Dreams Securities

Photo: Kim BorgströmHenrik Rosvall, CEO Dreams, Karl Svantemark, CEO Dreams Securities Photo: Kim Borgström

Stockholm, November 18 2019Today Dreams, one of the fastest-growing Fintech Startups from Sweden, announced that the Swedish Financial Supervisory Authority (FSA) has granted a MIFID II securities license to its wholly-owned subsidiary Dreams Securities AB. This license gives Dreams the freedom to operate independently of a partner bank. In addition to the recently announced capital injection of 9 million Euro, the company is now initiating its expansion into Europe outside its Scandinavian home markets, starting with the German market.


“With this license, we can expand in Europe on our own. As a securities company, we do not have to rely on a partner bank, but can be just as quick-footed and innovative as we want to be when we enter European markets,” says Karl Svantemark, CEO of Dreams Securities AB.


Dreams offers personal financial services aimed at increasing the financial well-being of its customers. As the license can be easily passported to EU and EEA, it is an important key in Dreams’ European expansion. It will be possible for customers in 31 European countries to save and invest in funds with Dreams.
The funds will be exclusively offered by AXA Investment Managers, one of the investors in Dreams.

 

“It is incredibly gratifying that we were granted the license from the FSA. That means we can continue to develop personal financial services and products to build financial wellbeing and prosperity for all Europeans, which feels fantastic,” says Henrik Rosvall CEO and founder of Dreams.


Thomas Karlsson will act as risk manager in Dreams Securities. He has a long career in the finance industry, with positions as risk manager with the largest Swedish stockbroker and brokerage firms Nordnet and Avanza.

 


About Dreams

Launched in 2016 in Sweden, Dreams is a rapidly expanding Fintech company. Dreams key commercial offering is a digital product platform for financial services, with the focus on financial wellbeing. Dreams is making easy for retail clients to invest their money. The platform is particularly focused on serving millennials. Dreams helps its users to fulfil their financial dreams by developing a unique user-friendly mobile application platform. The Dreams’ differentiator is in the deep application of behavioural science in its methodology and user experience. In order to provide a balance of maximum security combined with maximum performance, Dreams is working together with the asset management company AXA IM. Dreams has a proven track record in Sweden and Norway, and is experiencing continuous exponential growth in both territories. Currently Dreams is expanding into more countries in Europe. To date, Dreams has helped over 400,000 Dreamers to make their dreams happen with over 250,000,000 euros. Over 70 people work for Dreams in the headquarter in Stockholm and its other locations Oslo and Berlin. In 2018, Dreams was named a Rising Star as part of the KPMG Fintech 100 Awards. In 2019 Dreams was named rank three in the Top 10 Hottest Fintech Startups and Companies from the Nordics by Fintech Baltics.

Contacts

For press inquiries
For press inquiries