Kvarn Capital
- Company typePrivate
- Founded2022
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2C
- OfferingServices
Kvarn Capital firmographics
Firmographics- Name
- Kvarn Capital
- Legal name
- Kvarn Capital Ltd
- Website
- https://kvarncapital.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Kvarn Capital industry classification
Industry- Product category
- Retail Investment Platform
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)
- akta.pro secondary industries
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)
Keywords
Where Kvarn Capital is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Kvarn Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Crypto Trading Fees: Transaction-based trading commissions on cryptocurrency purchases and sales, with tiered pricing based on 90-day trading volume ranging from 0.8% (retail) to 0.1% (institutional)
- Traditional Finance Trading Fees: Transaction-based trading commissions on stocks, ETFs, and traditional financial instruments, with tiered pricing based on portfolio size (0.10% Basic to 0.06% for portfolios over €100,000)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Level 3: 0.8% for €0-€10,000 trading volume |
| Transaction based/ take rate | Pay-as-you-go | Level 2: 0.6% for €10,001-€100,000 trading volume |
| Transaction based/ take rate | Pay-as-you-go | Level 1: 0.4% for €100,001-€500,000 trading volume |
| Transaction based/ take rate | Pay-as-you-go | VIP: 0.3% for €500,001-€5,000,000 trading volume |
| Transaction based/ take rate | Pay-as-you-go | Professional: 0.2% for €5,000,001-€20,000,000 trading volume |
| Transaction based/ take rate | Pay-as-you-go | Institutional: 0.1% for €20,000,000+ trading volume |
| Transaction based/ take rate | Pay-as-you-go | Basic: 0.10% for portfolios up to €10,000 |
| Transaction based/ take rate | Pay-as-you-go | Active: 0.08% for portfolios €10,001-€100,000 |
| Transaction based/ take rate | Pay-as-you-go | Portfolio €100,000+: 0.06% |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Kvarn Capital product offering
Product offeringCore offering
Kvarn Capital operates Kvarn X, a FIN-FSA-supervised multi-asset investment platform that lets Finnish and Nordic retail investors buy, sell, and manage stocks, ETFs, commodities (gold, silver), and 400+ cryptocurrencies in a single account via iOS, Android, and web. The company monetizes primarily through tiered transaction-based trading fees and offers supporting capabilities including professional-grade trading tools (Kvarn X Advanced / Kvarn X Pro), systematic recurring investments (Monthly Saving), precious-metals exposure (Kvarn X Gold), and an educational content hub (Kvarn Academy).
Product overview
Kvarn X is a unified multi-asset investment platform offering a comprehensive suite of products: the core Kvarn X platform for buying, selling, and managing stocks, ETFs, cryptocurrencies, and commodities; Kvarn X Advanced for advanced trading interfaces; Kvarn X Gold for precious metals; Monthly Saving for systematic investment plans; Kvarn X Pro for professional traders; and Kvarn Academy for educational content. The platform operates under two licensed entities—Kvarn Capital Oy (crypto-asset service provider and payment institution) and Kvarn Investment Services Oy (investment firm)—both supervised by the Finnish Financial Supervisory Authority.
Differentiator
Problem solved
Functional benefit
Products and services
- Kvarn X Multi-asset investment platform enabling users to buy, sell, and manage stocks, ETFs, commodities (gold, silver), and 400+ cryptocurrencies in a single account via iOS, Android, and web, with professional-grade tools designed for retail investors in Finland and the Nordics.
- Kvarn X Advanced Professional-grade trading interface providing advanced charting and trading tools for experienced active traders on the Kvarn X platform.
- Monthly Saving Systematic recurring-investment feature that enables users to automate periodic purchases with no hidden fees starting from 0.1%, supporting dollar-cost-averaging strategies.
- Kvarn X Gold Precious-metals investment product enabling Kvarn X users to take positions in gold, silver, and other precious metals as an inflation-hedge allocation.
- Kvarn X Pro Professional trading tier of Kvarn X offering enhanced capabilities and lower institutional-tier fees (0.1%–0.2%) for professional traders and institutional investors with high trading volume.
- Kvarn Academy Educational platform providing market analysis, trading guides, token presentations, research reports, and learning content covering both crypto and traditional finance for Kvarn X users and prospects.
Quantifiable outcome
- Over 400 cryptocurrencies available for trading
- +1 more outcomes
Companies that use Kvarn Capital
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
Kvarn Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Kvarn Capital partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Simplify LabscoreKvarn X partnered with Simplify Labs and SBSB Fintech Lawyers to host a live expert webinar on June 4, 2026, advising crypto operators on entering the European market before the MiCA licensing deadline using existing licensed entities through partnership and delegation models.
- SBSB Fintech LawyersminorSBSB Fintech Lawyers collaborated with Kvarn X and Simplify Labs to provide legal expertise on MiCA compliance, AML requirements, KYC workflows, travel rule obligations, and EU regulatory pathways for crypto operators.
- ARK InvestminorInvestment product provider featured on Kvarn X platform, offering access to ARK Invest's thematic ETF products for investors seeking exposure to innovative technologies and trends.
- BlackRockminorInvestment product provider providing iShares ETFs and investment solutions available on Kvarn X platform for diversified portfolio exposure.
- JPMorganminorInvestment product provider offering JPMorgan-branded ETFs and investment products available through Kvarn X platform.
- VanguardminorInvestment product provider offering Vanguard index funds and ETFs available on Kvarn X platform for low-cost diversified investing.
- iSharesminorInvestment product provider (BlackRock subsidiary) offering iShares ETFs available on Kvarn X platform for broad market and sector exposure.
- AmundiminorInvestment product provider offering Amundi ETFs and investment solutions available on Kvarn X platform for European and global market exposure.
- VanEckminorInvestment product provider offering VanEck ETFs including commodity and crypto-related products available on Kvarn X platform.
- WisdomTreeminorInvestment product provider offering WisdomTree ETFs including commodity and crypto products available on Kvarn X platform.
- XtrackersminorInvestment product provider (Deutsche Bank subsidiary) offering Xtrackers ETFs available on Kvarn X platform for diversified investment options.
- Global XminorInvestment product provider offering Global X thematic ETFs available on Kvarn X platform for growth and innovation exposure.
- VirtuneminorInvestment product provider offering Virtune crypto ETPs and products available on Kvarn X platform for digital asset exposure.
- HANetfminorInvestment product provider offering HANetf ETFs available on Kvarn X platform for European and thematic investment options.
- Xetra-GoldminorInvestment product provider offering Xetra-Gold physically-backed gold ETC available on Kvarn X platform for precious metals exposure.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Kvarn Capital competitors and assessment
Company assessmentDirect peers
- Trading 212: Commission-free multi-asset retail broker popular across Europe with stocks, ETFs and CFDs/crypto. Comparable to Kvarn X on mobile-first self-serve UX, low/zero-fee positioning, and European retail investor targeting.
- DEGIRO: Low-cost European brokerage offering stocks, ETFs, bonds and derivatives across multiple European countries. Comparable to Kvarn X on transparent low-fee positioning, European retail focus and tiered pricing model.
- Bitpanda: Vienna-based multi-asset retail platform offering stocks, ETFs, crypto and precious metals under EU MiCA-style regulation. Closest European direct peer to Kvarn X in terms of product breadth, regulatory positioning and target retail segment.
- eToro: Multi-asset retail platform offering stocks, ETFs, crypto and commodities with social/trading features and a tiered fee structure. Highly comparable to Kvarn X on product breadth, fee tiering and self-serve mobile-first retail GTM.
- Nordnet: Largest Nordic online brokerage serving retail investors across Finland, Sweden, Norway and Denmark with stocks, ETFs and funds. Directly comparable to Kvarn X on the traditional-finance side and a primary head-to-head competitor for Finnish retail investment flows.
Broad incumbents
- Kraken: Global crypto exchange with advanced trading, staking and institutional services. Comparable to Kvarn X on crypto spot trading, professional-grade interface (Kvarn X Advanced maps roughly to Kraken Pro) and tiered fee structures.
- Coinbase: Largest US-listed crypto exchange with retail and institutional trading, custody, staking and a multi-asset product set. Comparable to Kvarn X on crypto trading, custody and on/off-ramp functionality, though at vastly larger scale and a broader geographic footprint.
- Binance: World's largest crypto exchange by volume. Competes with Kvarn X on crypto trading breadth and fees; MiCA-driven retrenchment from Europe is precisely the opportunity Kvarn is positioned to capture.
Regional players
- Avanza: Sweden's leading online retail brokerage with a deep Nordic presence but limited crypto offering. Comparable to Kvarn X on traditional finance brokerage, and the natural cross-border target as Kvarn expands outside Finland.
Emerging players
- Lightyear: European multi-asset investment app offering stocks, ETFs and recently expanding into crypto, targeting Nordic and broader EU retail investors. Highly comparable emerging competitor to Kvarn X on product mix, geography and mobile-first UX.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Kvarn Capital social profiles
Digital presenceKvarn Capital compliance and trust
Trust signalCompliance1 record
Kvarn Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kvarn Capital leadership team
Management profileNumber of profiles
Profiles3 records
Kvarn Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Kvarn Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kvarn Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kvarn Capital
What does Kvarn Capital do?
Kvarn Capital operates Kvarn X, a FIN-FSA-supervised multi-asset investment platform that lets Finnish and Nordic retail investors buy, sell, and manage stocks, ETFs, commodities (gold, silver), and 400+ cryptocurrencies in a single account via iOS, Android, and web. The company monetizes primarily through tiered transaction-based trading fees and offers supporting capabilities including professional-grade trading tools (Kvarn X Advanced / Kvarn X Pro), systematic recurring investments (Monthly Saving), precious-metals exposure (Kvarn X Gold), and an educational content hub (Kvarn Academy).
Is Kvarn Capital a public or private company?
Kvarn Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Kvarn Capital founded?
Kvarn Capital was founded in 2022. It employs 11 to 50 people.
Where is Kvarn Capital based?
Kvarn Capital is headquartered in Helsinki, Finland, in the Europe region.
How does Kvarn Capital make money?
Two revenue lines are on record. Crypto Trading Fees are the primary driver. The others are traditional Finance Trading Fees.
Who are Kvarn Capital's main competitors?
Direct peers on record are Trading 212, DEGIRO, Bitpanda, eToro and Nordnet. Broad incumbents are Kraken, Coinbase and Binance. Avanza is listed as a regional player. Lightyear is listed as an emerging player.
Does Kvarn Capital have an API?
No public API is recorded for Kvarn Capital.
What industry is Kvarn Capital in?
Kvarn Capital's product category is Retail Investment Platform. Its primary akta.pro industry code is FSAPADAG, Brokerages & On/Off-Ramps (fiat rails, instant buy/sell), with a secondary code of FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 523 and its SIC code is 6200.