Favafond
Stockholm area, Sweden · est. 2018 · website ↗
Registered as Favafond AB
FavaFond is offering micro-loans to foreign-born and minority entrepreneurs in Sweden. A large, innovative and resilient group of entrepreneurs that lacks access to capital, advice, training and the networks necessary to start a business and grow. Fostering gender-equalled financial inclusion and business advice can improve ability and opportunities to become self-sufficient and economically active. In turn, empowering them to lead a fulfilling life integrating into Swedish society.
Filed financials
Filed with a public registryFiled with Bolagsverket. The legal entity, not the group.
| Fiscal year | Revenue | Result | Employees | Cash | Equity | Total assets | Flags |
|---|---|---|---|---|---|---|---|
| FY2025 | 0.3 MSEK | under 0.1 MSEK | - | 1.6 MSEK | under 0.1 MSEK | 3.1 MSEK | None |
| FY2024 | 0.3 MSEK | under 0.1 MSEK | - | 1.0 MSEK | 0.1 MSEK | 2.9 MSEK | None |
| FY2023 | 0.2 MSEK | under 0.1 MSEK | - | 0.5 MSEK | 0.1 MSEK | 2.0 MSEK | None |
| FY2022 | under 0.1 MSEK | under 0.1 MSEK | - | 0.1 MSEK | 0.1 MSEK | 1.1 MSEK | None |
| FY2021 | under 0.1 MSEK | under 0.1 MSEK | - | under 0.1 MSEK | 0.1 MSEK | 1.0 MSEK | None |
| FY2020 | under 0.1 MSEK | under 0.1 MSEK | - | under 0.1 MSEK | under 0.1 MSEK | 0.7 MSEK | None |
| FY2019 | 0.1 MSEK | - | - | - | - | - | None |
| FY2018 | under 0.1 MSEK | - | - | - | - | - | None |
No open roles right now
Favafond's own site sends applicants to LinkedIn, which I do not read.
Favafondon LinkedIn Jobs ↗Registered business activity (SNI)
Filed with a public registryStandard industry classification codes as filed with Bolagsverket.
Everything I could know about Favafond
A blank is a gap in my coverage.
Company health
Filed with a public registry- SurvivalRunway ~36+ moLoss-making in its latest filed accounts (FY2025). cash 1.6 MSEK, loss under 0.1 MSEK over the year (under 0.1 MSEK/month), revenue 0.3 MSEK, revenue growth -10%. Cash divided by that burn is ~36+ months of runway. Filed facts, but the burn is the accounting result rather than true cash flow, and a funding round raised since the filing date does not show here yet.
- Age8 years oldFounded 2018, 8 years ago.
- CapitalPre-seedSelf-reported to the startup directory.
- Distress flagsNo data for this company yet
- Growth8 filed years, see aboveFiled revenue FY2018 0 KSEK to FY2025 279 KSEK, across 8 filed years.
What you'd build and work with
Read from their job ads- Building (problem type)No data for this company yet
- StackNo data for this company yet
- Role shapeNo data for this company yet
- SectorFintechMapped from the industry tags this company reported to the startup directory (fintech). Self-reported, so it is the company's own claim about its market.
- Engineering reputationRead from what they publishNo data for this company yetCompany websites plus the public GitHub API. Broader discovery via GitHub search would need an API token.
Hiring practicalities
Read from their job ads- Open rolesNo data for this company yet
- Working languageSwedish siteI hold no job-ad text for this company, so this is read from their own site: their website declares itself Swedish. That is a proxy, not a statement about the working language. Checked against the 222 companies where I have both, it agrees about 9 times in 10, and the way it fails is a company running an English site while hiring only in Swedish.
Fit and mission
Worked out from facts I hold- Fit (chaos or structure)Chaosfounded 2018 (8 years ago), ~6 employees, Pre-seed stage. Age, size and stage combine into the read.
Companies like this one
Worked out from facts I holdEach shows why. Not a recommendation.
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Work here?
Nobody has answered yet. Same questions for every company.
Answer for this companyWrong about Favafond?
The address, the headcount, the logo, a role that closed. Tell me which and I will fix it.