Lipscore Eyes Swedish Market After Doubling Customer Base.

Norwegian tech company Lipscore aims for Swedish expansion after doubling its customer base in six months, seeing Amazon’s entry into Sweden as an opportunity rather than a threat.

Read the full Norwegian article published on netthandel.no on January 19, 2021.

Summary of the Article:

Norwegian tech firm Lipscore has doubled its customer count within six months and now sets its sights on entering the Swedish market. The company specializes in technology that helps businesses collect customer reviews for both online and physical stores. Lipscore already has almost 100 clients, including notable retail chains like Jernia, ARK, Scorett, and Elektroimportøren as well as online stores like Mimmis and Coverbrands. Telecom companies like Telia, Elisa, and Ice also use Lipscore. With annual licensing revenue nearing 6 million kroner, Lipscore is ready to expand its successful model beyond Norway, spurred by the potential created by Amazon’s recent entry into Sweden. According to CEO Henning Frettem, success in Sweden could set the stage for unlimited growth.