Funding

Matters Raises $5 Mn Pre-Seed to Build an AI-Powered Personal Banking Platform

Oct 15, 2026 | By Oliver Bennett

AI-powered personal finance startup Matters has come out of stealth with $5 million in pre-seed funding. The company is developing a banking platform to help people manage their money more easily.

SUMMARY

Matters raised $5 million in pre-seed funding.
Building an AI-powered banking platform to help users manage spending and increase savings.
The startup aims to help Gen Z and millennial consumers improve their financial wellbeing.

The platform aims to help users track their spending, manage their finances and save more money.

The funding round was led by Swedish angel investor Jakob Johansson.

Other investors include Knut Frängsmyr, former COO of Klarna; Douglas Stark, co-founder of Voi; Johan Bladh, CEO of Röko; Patrik Tran, CEO of Validio; and Per Widerstrom, CEO of Evoke.

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Along with the funding announcement, Matters has appointed Lars-Åke Norling as its Chair. He previously served as CEO of Nordnet, an investment and savings platform, and brings experience in consumer finance, technology and regulated financial services. His experience will support Matters as it prepares to enter the banking market.

Matters is targeting younger consumers who often find it difficult to manage their money. According to figures shared by the company, half of Gen Z and millennial consumers do not know where their money goes, while 80% of young adults regularly experience financial stress.

The company aims to help users manage their finances through AI-powered guidance and automated tools that make it easier to track spending and build savings.

The funding will help Matters apply for the required licences, expand into more EU markets, grow its team and attract more users. The company is also exploring potential acquisitions to support its growth plans.

Matters was founded by Per Österström to build an AI-powered bank that helps people manage their money through automated services and personalised financial advice.

Matters: AI-naMatters: AI-native bank from Stockholm, $5M pre-seed.

The planned platform will combine digital banking services with an AI Advisor to help users make better spending decisions, save more money and reach their financial goals.

Customers will pay a fixed monthly subscription fee. Matters also plans to return money earned through card payments and foreign exchange fees to users as cashback, helping them get more value from their banking services.