Nordic Fintech Highlights – September
Before jumping into the monthly summary, here are two reasons why this Friday matters:
1. Last chance for Pre-Tickets to Nordic Banking Forum
The pre-ticket offer closes on Friday. This is the must-attend event if you want to connect with senior bankers, dive into the most pressing themes from risk to technology, and take part in exclusive Strategy Talks. Register by Friday and save at least 400 €.
2. First Strategy Talk webinar of the autumn
This Friday, we kick off the new season with “BaaS and Beyond: What Role Will Banks Play in Embedded Finance?”
Our guest speaker is Christie H. Kristensen, Partnership Manager for Open Banking Premium & ERP Integration, Danske Bank.
This webinar is free to attend.
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September updates
After an extremely quiet August, September brought fintech activity back in full force. From funding rounds to acquisitions and bank moves, things were happening on every angle.
Funding
AI and data-driven innovation dominated the headlines. Light raised 30 million USD in a Series A round to build an AI-native finance platform automating payments, expenses, and reporting. Predicti closed 4.2 million USD to expand its predictive AI solution that helps financial institutions anticipate customer life events and deliver personalized offers. Nasdaq also led an 11 million USD round in Puro.earth, the carbon-crediting platform for engineered carbon removal.
M&A
The transaction space was busy again. Finnish Epassi expanded into Germany by acquiring Belonio. Nordic group GOT YOUR BACK entered Norway through the acquisition of Falk, a compliance and accounting specialist for fund managers. Clar Global AB announced the acquisition of Lendo Group, which operates loan comparison platforms in Sweden, Norway, and Denmark, along with Compricer and Mybanker. On the ESG side, UK-based Connect Earth acquired Stockholm’s Datia to strengthen its platform for carbon and ESG tracking.
Banks
Revolut made serious moves toward the Nordics by appointing country managers in Norway and Finland, with Sweden expected next. Handelsbanken partnered with Denodo to enhance its digital savings services and went live with a Vilja Loans SaaS delivery to modernize loan operations. Danske Bank teamed up with FinanceKey to offer real-time treasury solutions for enterprise customers.
Have a look at the news from August below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Mollie expands its payment services to Finland
Epassi expands in Germany with Acquisition of Belonio.
Nasdaq leads €11 million funding round in Puro.earth
Tietoevry Banking enters Germany’s ATM market
Denmark
Monthio Expands into Finnish Credit Market
Danske Bank and FinanceKey deliver real-time treasury for enterprise customers
Light Raises $30M Series A to Replace Legacy Finance Systems with AI-Native Platform
Predicti closes $4.2M to scale predictive AI for finance
Danske Bank among the 9 European banks forming company to launch euro stablecoin
Moonrise by Lunar lets PSPs access Swish payment method
SimCorp partners Axyon AI on predicitive AI analytics
Sweden
Episode Six and Trustly team on pay-by-bank via card rails
Revolut Plans Expansion into Sweden
Clar to Acquire Lendo Group from Vend
GOT YOUR BACK enters Norway through an acquisition of Falk
Handelsbanken is live with Vilja Loans
Qliro taps Vilja to power next-gen payments expansion
Brite Payments Selects Bits Technology to Transform Onboarding and Drive Trust at Scale
Tink and Adyen partner to bring Pay by Bank to Vodafone customers in Germany
Handelsbanken Fonder partners Denodo to power digital savings services
Crunchfish announces partnership with AltPayNet to drive resilient payments in the Philippines
Zimpler Live With Swish As First Payment Institution Ever
Klarna IPO Pops 15% as Public Markets Embrace BNPL
SEB among the 9 European banks to form company to launch euro stablecoin
Noba targets USD 3.7 bln IPO on Nasdaq Stockholm
Airwallex adds support for Nordic currencies
Norway
Two partners with Komplett to combat BRB fraud in the Nordic electronics market
Vipps MobilePay selects Tink to power Pay by Bank for P2P in Finland
Apple expands Tap to Pay on iPhone to five additional countries in Europe
Viva.com expands Tap to Pay on iPhone in Norway
Subaio and Snowdrop team up to bring clarity to raw financial data
Future events
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