<ul data-eligibleForWebStory="true"><li>Swedish FinTech startup Polar raises €8.6 million in a Seed funding round led by Accel.</li><li>The funding will support expanding Polar's team across Europe and investing in growth, developer relations, and partnerships.</li><li>Notable investors include Guillermo Rauch, Tobi Lütke, and Harley Finkelstein.</li><li>Polar is an open-source monetisation platform for digital products and SaaS, founded in 2022.</li><li>The platform has gained rapid traction, with over 17,000 signups and 5,300 GitHub stars.</li><li>Polar aims to address the challenge of monetizing software in the evolving landscape of SaaS and usage-based pricing models.</li><li>It targets solo developers and early-stage startups, offering features like usage-based billing automation and zero boilerplate integrations.</li><li>Polar handles international sales tax, compliance, and fraud protection as a merchant of record, emphasizing community contributions with its open-source foundation.</li><li>The company sees a future where software development is accessible, but monetization remains a significant hurdle.</li></ul>

Swedish FinTech startup Polar raises €8.6 million for its monetisation platform

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