Freja EID ARR up 33% to SEK 51.7M, signals growth in Swedish digital ID market

Freja EID, a competitor to Bank ID in Sweden, reported a 33% year-over-year increase in annual recurring revenue to SEK 51.7M as of September 2026, with a 4% sequential increase. This indicates continued adoption of its digital identification services, though the absolute revenue remains modest. The growth suggests competitive dynamics in Sweden's digital ID market, but the market impact is limited given the small scale.