| Founded | 2012 |
|---|---|
| Closed | 2022 |
| Country | Norway |
| Sector | Fintech |
| Total raised | €18M (Viking Venture, Nest Investment, 2012–2020) |
| Collapse type | Slow Death |
| Founder | Eirik Schiander-Skaaden |
Payr
"Norwegian bill-payment and mobile banking app raised €18M across a decade but could not find sustainable unit economics in a market dominated by banks that replicated its features for free."
Years-long decline before final shutdown
Key Events Timeline
Payr was founded in Oslo in 2012 to simplify bill payment for Norwegian consumers, evolving toward a broader mobile banking product.
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