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Nordic Fintech Highlights – April 2024

Nordic Fintech Highlights – April

It’s time for the fourth highlights of 2024 – in April, we saw the return of big funding rounds, let’s see if they’re here to stay, or whether this was an isolated occurrence. Meanwhile, the number of funding rounds remained similar as in March, and the number of new partnerships decreased slightly.


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April in brief

Let’s unwrap what happened in fintech and finance in the Nordics in April. Remember to also check out our podcast with Fintech Daydreaming later this month where we dive deep into a few specific monthly topics.



April saw a resurgence of bigger funding rounds, with Denmark’s Ageras securing €82M and Flatpay raising €45M to lead the way. Despite only 8 rounds, each investment was fairly significant.


In addition to the popular trend of A2A payments, Klarna is forging new partnerships to further its expansion into the US market. Cloud banking is also making waves in the industry.


Alisa Bank is expanding its BaaS partnerships within the accounting sector by teaming up with Accountor and merging with Puro Finance.

Meanwhile, SpareBank 1 Gruppen has taken the lead as the majority stakeholder in Kredinor, while Ikano has made a strategic move by acquiring Nordnet’s consumer finance portfolio.

The traditional banking sector is buzzing with exciting developments as well.


Have a look at the news from April below and stay tuned for more!

You can find all the monthly Nordic Fintech updates from the past over here.


Country specific news



Finland’s Benjamin Capital Partners raises $5.5M seed to propel growth of cash rewards app, and welcomes new CEO

Basware launches AI-enabled solution

Alisa Bank and PURO Finance agree on a combination

Alisa Bank and Accountor introduce a new type of business bank account

ResultElf and Aura Cloud partners to bring lenders an efficient, optimized, next generation lending solution

Aico Receives Majority Equity Investment from Global Software Investor Accel-KKR

Holvi With Significant Growth In 2023

N26 launches joint accounts in 21 markets

NIB and Aktia to support SMEs and environmental projects in Finland

Mobile payment app Pivo will be closed down

Wharton starts using Upright’s data for pioneering research on monetized impact 

Swedish open banking vendor to open office in Finland

Municipality Finance issues a GBP 25 million tap under its MTN programme



Danish fintech Ageras raises €82m for acquisitions

Flatpay raises €45M Series B

Formalize secures €15M series A funding to expand compliance operations platform

Denmark’s digital challenger Lunar secures €24.1m to expand across the Nordics

Copenhagen-Based Legal Tech Co. Raises $1M To Fuel Growth

Danish challenger bank Lunar trials voice-enabled AI-powered chatbot- voiced by CEO

Matter launches Nature Impact & Dependency

Clearhaus Leverages Ryft FCA Licence and Tech to Scale into UK Market

Investors in unicorn Pleo snap up secondary shares as valuation recovers after billions wiped off value

Viabill reports record profits, eyes European expansion



Gilion secures €10M equity round to fuel expansion of its Growth & Funding Platform

Zaver raises USD 10 million

Brite launches Instant Payments in Germany

Klarna to launch its credit card in the US

Visa launches open banking with Tink in the US

6G Digital acquires 25% stake in FlexM Global for USD 12.5 mln

Bambuser acquires Klarna’s tech solution

Ikano Bank to buy Swedish consumer finance portfolio worth SEK 3.8 billion  

Rocker was acquired by Nordiska kreditmarknadsaktiebolaget

Brite delivers open banking instant payments to Shopware merchants

Klarna and Expedia expand partnership to US

Klarna partners with Uber

Splitwise and Tink Collaborate to Make Direct Payments Possible With Pay by Bank

Qred selects Vilja Platform to deliver their next-generation deposit offerings

Froda receives funding under the EaSI programme – providing another SEK 500 million to Swedish micro-entrepreneurs

Qred to offer Sweden’s highest interest on saving accounts with bank guarantee

Scayl comes out of stealth with its “fintech for fintech lenders” and €100M funding

Swedbank integrates anti-financial crime into group products and advice



Signicat Introduces InstantKYC and InstantKYB for smooth onboarding

SpareBank 1 Gruppen becomes the majority owner of Kredinor

Neonomics selected by Endavu to scale investment app via open banking

Qvik and Neonomics sign a strategic partnership to jointly scale open banking services across the Nordics and UK

Aker ASA – Successful Bond Issue

Token launchpad Fjord Foundry raises over $15 million in its token pre-sale

Norway targets cryptocurrency mining with data centre law

Signicat integrates mojeID Poland into its digital identity portfolio



Future events

15.5.2024 AI Masterclass


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