We are not a bank, we are a Swedish fintech company licensed and registered as an electronic money institution with the Swedish Financial Supervisory Authority (Finansinspektionen).

We are a place where you can store and use your electronic money. Electronic money is money in digital form, which can be used to make payments electronically, or with payment methods such as a card or virtual card. Since we are an electronic money institution and not a bank, we do not lend your money to others. Under the terms of our e-money license, we are not permitted to pay interest to you, and the money in your account is not covered by deposit guarantee schemes.