Eqvor's platform turns 1 today! 🎉
On 6 February 2025 we launched the first beta version of Eqvor's digital platform.
In just one year we have become Sweden's largest digital platform for trading unlisted shares – and this is just the beginning.
A big thank you to everyone who has created an account, traded and believes in a more transparent and digital market together with us. We are now gearing up for a hugely exciting year two with loads of new features and companies on the platform!
Here is the most important news from the past week from the unlisted companies available on Eqvor's platform. Stay up to date on developments in the unlisted market.
Northmill – Reports a record year
Northmill reports its best year ever:
– EBT +56% to 224 MSEK, ROE 18.5%– Gross portfolio +30% to 5,561 MSEK– Number of card customers +252% to 211,000– Transaction income +16%, Net Interest Income +18%
The company launched new products such as mortgages, corporate cards and Swish/RIX-INST solutions (Swedish instant payment services), and established an insurance partnership with BNP. Northmill is growing rapidly in both B2C and B2B and is positioning itself as a digital challenger bank with a complete offering in loans, payments and accounts.
Doktor.se – Cash-flow positive & IPO plans
Doktor.se reported a 14% increase in group revenue in 2025 to 1,860 MSEK, and an 18% increase in adjusted EBITDA to 196 MSEK.
The vaccination business drove growth with 301,578 vaccinations and almost 49% organic growth. Primary care also showed improved profitability with EBITDA +10% YoY. The German business increased revenue by 26% and four strategic acquisitions were completed.
The company is now cash-flow positive and confirms its ambition of a stock exchange listing in late 2026 or early 2027.
Kaunis Iron – Environmental permit becomes final
The Supreme Court is not granting leave to appeal in the environmental permit case. This means that Kaunis Iron now has a fully final and binding permit for continued and expanded mining in Tapuli, Palotieva and Sahavaara. An important step for long-term operations and expansion.
Nordiska – Acquires Bliq & strengthens in Consumer Finance
Nordiska has entered into an agreement to acquire the consumer credit institution Bliq AB. The deal is being carried out through a new share issue and strengthens Nordiska's offering, technical capacity and distribution in consumer finance.
Completion is conditional on regulatory approval, with the aim of completing in Q1/Q2 2026.
Airmee – Growing strongly & approaching profit
The courier and logistics company Airmee increased its revenue from 360 MSEK to 526 MSEK in 2025.
The loss narrowed to -19 MSEK, and the month of December showed a profit at EBIT level (1.5 MSEK).
The company is positioning itself as a technology company with a strong reinvestment strategy.
Billogram – Strategic partnership in Germany
Billogram and nexxtra are joining forces to offer automated payment flows to German telecom and cloud service providers. The aim is to make cash flows more efficient and create a more seamless customer experience within nexxtra's SaaS platform ida.
Epidemic Sound – Begins collaboration with Blaze AI
Epidemic Sound is being integrated into Blaze – an AI-driven marketing platform for SMBs and brands globally.
More than 50,000 licensed tracks will become available to improve content production and brand communication through automation and AI.
Virtune – Makes several updates to its ETPs
Virtune Crypto Top 10 Index ETP: Rebalancing: Avalanche out, BNB in. January result: -9.66%.
Virtune Crypto Altcoin Index ETP: Polkadot out, BNB in. January result: -14.62%.
Virtune Bitcoin Prime ETP: 10:1 share split completed. New ISIN: SE0027598038. No impact on the value of holdings
Stegra – Departures, unpaid invoices and valuation write-down
CFO Otto Gernandt is leaving and will be replaced by Markus Holm. SVT reveals that the company has unpaid invoices of several hundred million kronor. Kinnevik halves its valuation of Stegra, from 1,280 MSEK to 649 MSEK, citing financial challenges as the reason. Despite this, progress is reported on the Boden build and new customer contracts. Stegra now accounts for 3% of Kinnevik's portfolio.
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