Swedish Fintech Mynt Doubles Revenue to €30M and Hits 30,000 Customer Milestone

Swedish fintech Mynt has doubled its annualized revenue run-rate to €30 million in 2026, driven by the adoption of its AI-native spend management tools. For fintech professionals, this rapid scaling highlights the increasing shift toward automated financial administration as businesses seek to replace manual expense processing with intelligent, integrated accounting workflows.

What was announced

Mynt has reached an annualized revenue run-rate of €30 million as of October 2026, representing a growth of more than 100% since the beginning of the year. The company started 2026 with a run-rate of €14 million, which climbed to €20 million by March before hitting the current milestone. This financial trajectory is mirrored by an expanding user base, which now exceeds 30,000 business customers, up from 20,000 in the autumn of 2025.

The company’s current operations are supported by a headcount of 130 employees distributed across three offices. Mynt attributes this scaling to its suite of AI-native financial solutions designed to automate complex accounting workflows. According to company data, these tools can reduce the time required to process a single expense report from a manual average of 20 to 45 minutes down to between 30 and 120 seconds. By automating VAT rate inputs and expense coding based on a business’s specific accounting rules, the technology aims to save the average business between 10 and 20 hours of administrative work per month. This automation is central to Mynt’s broader strategy of providing integrated spend management across the Nordic markets.

"2026 has been a record-breaking year for Mynt. We’ve surpassed 100% run-rate revenue growth since the start of the year as our customer base continues to expand, showing there is an ever increasing demand for our solutions. Alongside onboarding thousands of new businesses, we have created even greater value across our solution suite; ensuring businesses across the Nordics have the best AI tools available to save time and money. Looking ahead, our ambition is to become the financial administration partner of choice for businesses across Europe."

Baltsar Sahlin

The companies involved

Mynt is a Stockholm-based fintech specializing in corporate cards and spend management solutions. The company has established a significant footprint in the Nordic region through strategic integrations with major financial and accounting platforms. This includes a partnership with Nordea, the largest financial services group in the Nordic region, to provide business credit cards and spend management tools across Sweden, Norway, Denmark, and Finland.

The company’s growth has been supported by the acquisition of CostPocket, an Estonian-founded platform that utilizes artificial intelligence for business expense processing. Mynt also maintains integrations with Swedish accounting platform Fortnox and the Danish platform e-conomic, which is a subsidiary of Visma Finance AB. In 2024, Mynt secured €22 million in Series B funding, a round led by Vor Capital with participation from the global payments technology company Visa. This investment followed Mynt’s efforts to automate the "entry, correction, and approval" cycle of financial administration, positioning the company alongside other major players in the European fintech ecosystem.

What FF News has reported before

FF News has extensively covered the evolving roles of Mynt’s partners and the broader AI-driven financial landscape. Recent reports have focused on Visa’s technological expansions, including how Global Payments Boosts Authorization Rates with Visa Intelligent Data Exchange Integration and the Visa Acceptance Platform Expands UAE Reach with Jaywan Domestic Card Integration.

Additionally, the industry's shift toward intelligent automation was highlighted in coverage of how Tencent Deepens Global Payment Interoperability and AI Integration at Hong Kong FinTech Week. FF News also tracked broader market trends through reports such as Visa Forecasts 4.5% Surge in 2026 U.S. Holiday Spending as Consumers Prioritize Physical Gifts, providing context for the macroeconomic environment in which Nordic fintechs are currently operating.

What this means

The rapid growth of AI-native spend management suggests that the era of manual expense reporting is nearing its end. Mynt’s success in the Nordics indicates that businesses are prioritizing deep integration between corporate cards and accounting software over traditional banking relationships. As the sector matures, the primary challenge for providers will be navigating the diverse VAT and accounting regulations across different European jurisdictions. This announcement places significant pressure on legacy financial institutions to either accelerate their own automation capabilities or rely more heavily on white-labeled fintech partnerships to retain their corporate client base.