What FNCA Sweden does

FNCA Sweden AB is an independent capital-markets advisory firm founded in 2015 and headquartered on Nybrogatan 34 in Stockholm, Sweden. The firm advises owners, boards, and management teams preparing for initial listings on Nasdaq Stockholm and Nasdaq First North, and provides ongoing advisory to already-listed companies. Its regulated core offering is acting as an accredited Certified Adviser (CA-tjänst) on First North, where it performs proactive work on client information disclosure, ongoing reconciliation of financial reporting against exchange obligations, and acts as a sounding board before clients communicate with the market.

The service portfolio centers on regulatory compliance and disclosure advisory rather than proprietary technology. Components include control services ensuring adherence to First North's regulatory framework, advisory on information-disclosure matters and review of external communications, training and seminars in securities law (börsrätt) delivered in Swedish and English, and a complimentary board-evaluation survey that benchmarks clients against a reference group of over 500 responses from other listed companies. The firm reports over 75 years of combined staff experience in stock-market matters and participation in several hundred listings on Nasdaq Stockholm and First North, with team members drawn from former Nasdaq OMX Stockholm listing and issuer-surveillance leadership.

The business is a sales-led professional-services firm monetized through consultation and advisory fees; pricing is not publicly disclosed. Go-to-market runs through direct advisory relationships and referrals from legal advisors, investment banks, and financial institutions. Customers are companies seeking or holding listings on Swedish exchanges, spanning a broad set of verticals (pharma, medtech, gaming, e-commerce, real estate, cleantech, and others). The firm is privately held with a partnership structure (1–10 employees) and no identified parent, subsidiaries, or external funding.

Name

FNCA Sweden

Legal name

FNCA Sweden AB

Website

https://fnca.se

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

FNCA Sweden AB is an independent Stockholm-based advisory firm serving as an accredited Certified Adviser and providing listing, disclosure, and regulatory-compliance advisory to companies preparing for or already listed on Nasdaq Stockholm and First North.

Ownership category

akta.pro rank

Product category

Capital Markets Advisory

NAICS

Other Scientific and Technical Consulting Services (54169)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Independent Broker-Dealer / Registered Representative Networks (FSAEACAG)

Keywords

• Capital markets advisory
• Certified adviser services
• Nasdaq listing advisory
• Regulatory compliance consulting
• Information disclosure advisory

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Certified Adviser Services: FNCA provides Certified Adviser services to companies listed on Nasdaq First North, including proactive work on information disclosure, ongoing consultations on financial reporting compliance, and ensuring clients meet their obligations to First North.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FNCA Sweden AB is an independent advisory firm that provides Certified Adviser services to companies on Nasdaq First North and listing advisory for Nasdaq Stockholm, covering information disclosure, regulatory compliance, and financial reporting. The firm also delivers ongoing advisory to already-listed companies, board evaluation surveys with benchmarking, and training seminars in börsrätt (stock market law).

Product overview

FNCA Sweden AB is an independent advisory firm specializing in stock market advisory services. The company offers a portfolio of interconnected services centered on Certified Adviser services for Nasdaq First North, regulatory compliance advisory, information disclosure guidance, and professional training. The core CA-tjänst provides proactive compliance monitoring and market communication advisory, supported by control services ensuring adherence to First North regulations. Advisory services on information disclosure and board evaluation surveys complement the offering, while training seminars in börsrätt (stock market law) and regulatory developments are available as supplementary services. FNCA also provides advisory for Nasdaq Stockholm listing to owners and management teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Certified Adviser Services (CA-tjänst) FNCA acts as an accredited Certified Adviser for companies listed on Nasdaq First North, providing proactive advisory on information disclosure, ensuring regulatory compliance with First North rules, conducting ongoing reviews of financial reporting, and serving as a sounding board before market communications. Targeted at companies listed or seeking listing on Nasdaq First North.
• Control Services (Kontroll) Advisory service ensuring that companies comply with Nasdaq First North’s regulatory framework and listing rules. Targeted at Nasdaq First North-listed issuers needing continued regulatory adherence.
• Advisory on Information Disclosure (Rådgivning) Provides advice on information disclosure matters and reviews the company’s external information disclosure practices, including prospectuses, press releases, and other market communications. Targeted at listed companies and IPO candidates that need disclosure expertise.
• Advisory for Nasdaq Stockholm Listing Provides advisory services to owners, boards, and management teams regarding listing on Nasdaq Stockholm, including preparation, structuring, and execution support. Targeted at companies pursuing a main-market Nasdaq Stockholm listing.

Quantifiable outcome

• Over 75 years of combined experience
• +2 more outcomes

Named customers75 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nasdaq StockholmcoreStrategic or Co-development PartnerFNCA serves as an accredited Certified Adviser on Nasdaq First North, providing advisory services to companies listed or seeking listing on the exchange. This is a formal, regulated partnership where FNCA helps ensure companies meet their compliance obligations to Nasdaq.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Redeye AB: Redeye is one of the most established Certified Advisers on Nasdaq First North and provides very similar services to FNCA: issuer advisory, ongoing information-disclosure support, and capital markets research. Its analyst-driven model and coverage of dozens of First North issuers makes it the most directly comparable peer.
• Mangold Fondkommission AB: Mangold is a Stockholm-based Certified Adviser on Nasdaq First North that competes directly with FNCA for issuer mandates and ongoing compliance advisory for listed SMEs, with a similar focus on the Nordic small-cap segment.
• Consensus Asset Management AB: Consensus is a Nasdaq Stockholm Certified Adviser offering listing advisory and information-disclosure services to Nordic issuers, directly overlapping with FNCA's core CA mandate on First North Growth Market and Main Market.

Broad incumbents

• Carnegie Investment Bank AB: Carnegie is a leading Nordic investment bank that, alongside ECM and brokerage, offers Certified Adviser and listing advisory services for issuers targeting Nasdaq Stockholm and First North — bundling FNCA-type advisory with broader capital markets execution.
• Erik Penser Bank AB: Erik Penser Bank provides investment banking, equity research, and corporate advisory including Certified Adviser services to Nasdaq First North issuers — competing with FNCA both as a CA and as a listing-prep advisor, but with a broader institutional platform.
• ABG Sundal Collier ASA: ABG Sundal Collier is a Nordic investment bank providing ECM, M&A, and equity research across the region; it competes with FNCA for advisory relationships with Nordic issuers, including on listing processes and CA-equivalent engagements.
• Arctic Securities AS: Arctic Securities is a Nordic investment bank with capital markets and corporate finance offerings aimed at Nordic-listed SMEs, providing advisory on listings and equity capital markets that overlap with FNCA's mandate.
• Pareto Securities AS: Pareto Securities is a Nordic-focused investment bank active across ECM, M&A, and research; it advises Nordic issuers on listings and stock market matters, overlapping with FNCA's niche advisory work.
• Kepler Cheuvreux: Kepler Cheuvreux is a large European broker and advisor with deep Nordic ECM capabilities, providing capital markets advice and equity research for listed issuers in a manner that overlaps with FNCA's stock-market advisory services.

Emerging players

• Corpura Fond & Finans AB: Corpura is a Sweden-based Certified Adviser on Nasdaq First North Growth Market offering listing advisory, IPO project management, and ongoing disclosure support — directly comparable to FNCA but at a smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FNCA Sweden