Arlanda Express
“Can a captive premium airport rail operator maximize yield and customer experience by digitizing ticketing and payments on a long-term state-backed concession?”
Founded1999
HQStockholm, Sweden
IndustryLogistics / Rail Transport
The story
Founded in 1999, A-Train AB operates the Arlanda Express premium rail service under an exclusive concession from the Swedish state, running until 2040-2050. The business operates entirely on a commercial basis, selling tickets via app, web, and resellers. The primary embedded finance move has been integrating Trustly for open banking-based refunds to streamline customer service. The company recently secured significant infrastructure financing from the Nordic Investment Bank for fleet renewal.
Product timeline
1995
Construction of the Arlanda rail link began.· pivot
1999
Arlanda Express launched operations connecting Stockholm Central Station to Stockholm Arlanda Airport under A-Train AB; railway infrastructure transferred to the Swedish state with A-Train receiving an exclusive concession.· pivot
2025
Nordic Investment Bank (NIB) signed a SEK 560.5 million loan with A-Train AB to co-finance acquisition of seven new electric high-speed trains, increasing seat capacity by 50%.· lending
The stack
Open banking
Accounting gap: minor