Finnish tech start-up says high inflation, interest rates

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Finnish tech start-up says high inflation, interest rates

He pointed out the high inflation, interest rates and the waning popularity of online shopping as factors that make the consultative negotiations necessary for the future of the business.

According to Kauppalehti, around 1,600 employees are employed worldwide, almost 1,000 of whom are based in Finland. The company stated only a few months ago that it intends to raise its headcount from around 1,200 to 2,200 by the end of the year.

One of the fastest growing technology companies in Finland is the company.

Swappie has generated annual net sales of more than 100 million euros, but its business model requires a lot of capital as all the phones it buys for refurbishing and all spare parts needed for the refurbishments are included in its balance sheet. Helsingin Sanomat said the company has invested heavily in marketing and brand recognition.

In February, it revealed it had raised 108 million euros in funding to support its growth.

Recent media reports indicate that startups are finding it harder to secure funding based on revenue growth because investors are placing more and more emphasis on profitability.