The great Leviathan of the Nordic West India Company is one of the only two remaining great trading companies of the Colonial Era that remains to this day (the other is the Nordic East India Company).
The Nordic West India Company traces its history back to the Swedish West India Company, founded by Gustav III in 1786 to promote trade between Sweden, the island of Tobago that Sweden had acquired in the American War of Independence, the island of St. Bartolemeus that Sweden had bought from the French Crown shortly thereafter, and the American state of New Sweden, as its inhabitants had re-renamed Delaware as. For the first decade, the SWIC ran loses and very few expected it to survive for long (in OTL, it was dissolved in 1805). This all changed upon ██████████'s appointment as Chancery President in 179█. ██████ brought about significant reorganizations to the Company, devolving a lot of authority over to its headquarters in Skaraborg, Swedish Tobago, and granted the company further trading privileges and instuted a number of new offices in its internal organization. Within two years of the reorganization, the Company started running at a profit, which grew steadily over the years, helping Sweden pay off her massive debts incurred during the American War of Independence. Exactly how ██████ managed to make the SWIC run a profit with this reorganization is a question still debated by scholar and historians of economics, not least because much of the financial records from the early era were lost when the Company's headquarters in Skaraborg took fire in 1824, and all that historians have to go by are the vague reports given to the Riksdag and misplaced and misfiled documents. People have been able to surmise that a number of people at important posts seems to have obtained bribes, and so it is likely that the activities the Company engaged it were not strictly speaking legal. Some have suggested that the Company provided a safe harbour for pirates while taxing their loot, but it is more generally agreed upon that they simply engaged in smuggling and trading in areas beyond their charter. However the Company did find this early success, by the 1820s, by the 1820s, the SWIC had become a national treasure, and its successes gave the government the incentive to buy the colony of Guadeloupe from France in 1826. Soon, the Company expanded throughout the Caribbean and the American East Coast, while extending down into northern South America as well. Its successes were so remarkable that in 1834, the Danish King Christian VIII elected to re-establish the Danish West India Company, hoping to take part of the income, yet unlike its Swedish counterpart, the re-established DWIC ran losses up until 1867. In that year, following Nordic Reunification, the SWIC and DWIC were merged by an act of the Unionsting into the Nordic West India Company. By the 1880s, however, the NWIC started running losses and had to be bailed out by the Nordic government. In 1891, the Imperial Nordic government took over control of the administration of Guadeloupe, Tobago and the other Nordic West Indian islands (creating the Grand Duchies of Guadeloupe and Tobago), and started selling off most of its shares in the company, losing majority control.
It was believed that the NWIC would soon go the way of the other West India Companies, when in the early 20th century, the Sunset War brought about the fall of the British Empire. Like its sister company, the NEIC, the NWIC seized on the opportunity and started expanding in the Caribbean and Latin America, taking over territories where British interests had once ruled supremely, and begun growing significantly. It was soon hired to provide public administration of certain port towns, and to back this up, the NWIC greatly enlarged its private military wing. From thereon, it would go on to become the largest corporate power in the western hemisphere.
Today, the Company owns the territories of Panama, Caracas, El Callao and Amapá (each governed by a Director-Lieutenant), the New York State Canal System, and has managed to buy up several corporations in the hemisphere, making them mere subsidiaries. They issue their own passports, have their own universities, and their private army is bigger than many nations in the area.