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Published 2022-12-05

Schibsted Ventures participates in Dintero’s new investment round

The successful Norwegian startup Dintero which has tripled its growth since March 2021, has completed a funding round of NOK 30M in which Schibsted continues to participate alongside other investors.

From left to right: Daro Navaratnam, CEO Dintero, Anett Berger Sørli Investment Director Bring Ventures, Rune Røsten, Investment Director Schibsted Ventures and Kaja M. Amundsen Tenfjord, CMO Dintero

Dintero delivers an all-in-one payment solution for online shops that integrate all popular payment methods as well as giving platforms and marketplaces the opportunity to share the payment with several suppliers.

“The new investment allows us to focus on taking the next big step in simplifying payment for our customers in the Nordics. Our aim has always been to provide a one-stop shop for payments, and we are well on our way,” says Daro Navaratnam founder and CEO of Dintero.

Despite a challenging market, Dintero has shown enormous growth potential with its technology, customer base and development plans.

Schibsted Ventures first invested in the company in 2020 and has since seen the company prove both its plans and ambitions for further growth.

“We have followed Daro and his team over several years and are impressed by what they have achieved. Schibsted supports the company with branding and marketing, and we also have extensive experience with payment solutions and marketplaces that we believe can contribute to accelerating the company’s growth,” says Rune Røsten, head of Schibsted Ventures in Norway.

Together with Schibsted, Harding Invest is also participating again, while Bring Ventures is a new investor in Dintero.