Cash flow is king, when Kinnevik values Quikr
26 Oct 2017
Kinnevik presented its 9-month financial report today, and it contained no big news as far as its investments in classifieds are concerned. In the first nine months of FY2017, the investment company saw healthy growth at its main holdings – Tele2, and Millicom – and at Zalando. In Q3, Kinnevik invested big in the financial robot Betterment, increasing its ownership to 16 percent with an investment of $65 million U.S..