Published: 8/3/2026 12:29:31 PM

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Finwire about My Beat AB: My Beat expects to activate second financing tranche

Mobile operator My Beat is responding in a market notice to a number of questions from the market concerning, among other things, financing, sales, costs and My Guard.My Beat states that the first part of the loft financing has been used to repay debt, strengthen liquidity and finance growth initiatives, including the launch of My Guard. The company assesses that the second tranche can be activated in the near future and provide additional scope for sales initiatives.The agreement for customer outreach and upselling to existing customers is developing well and has led to longer subscriptions and renewals. New-customer sales have been affected by the holiday period but have nevertheless brought in new customers during the summer.During the autumn, the Board will assess whether the B2B business should be consolidated to reduce costs. According to the company, My Guard has been well received, and discussions are underway with external parties about offering the product to their customers. The app is also being prepared for launch in the App Store and Google Play.

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