Nordic Fintech Highlights – April
The start of May means looking back at last month’s signals from across the Nordic fintech market, and it also means Nordic Fintech Summit is just few weeks away. The agenda keeps evolving, new speakers are being added almost daily, and the side event programme is now live.
Highlights gives you the signal every month. The Summit is where the people behind those signals meet in person. If you have been following the moves we have been tracking, the Summit is where those conversations continue live.
Check the latest Summit agenda, speakers and side events here.
Before that, don’t forget to sign up to our webinar this Friday, May 8th at 12:00 CET, on Composable Credit: NPL Management & Monetization. Roar Bratvold and Tor Lindgren from Banqsoft show how modular, API-first platforms turn non-performing loan portfolios from a back-office burden into a source of strategy, growth and cashflow. Less back-office. More monetization.
Sign up for the webinar here.
April updates
April was active across the board, with funding, M&A and bank-led partnerships all delivering meaningful stories. The recurring thread: Nordic banks are increasingly buying capability rather than building it, and consolidation continues to dominate the payments stack.
Funding
Equity funding was led by Performativ’s $14M Series A from Deutsche Börse, the month’s standout round and a clear vote on Copenhagen-built wealth infrastructure. Beyond that, the picture was familiar: a steady stream of small AI-native finance rounds across Sweden and Denmark, alongside continued momentum in digital insurance distribution. Capital is flowing, but mostly in pre-seed and seed cheques to teams replacing manual finance work with automation.
M&A
Consolidation in payments was the clear theme. Kustom acquiring Vipps MobilePay Checkout for up to NOK 490m and TrueLayer buying Zimpler both point to scale being bought rather than built, particularly in checkout and Pay by Bank. Morrow Bank’s planned acquisition of MedMera Bank shows Norwegian challengers using M&A to enter Sweden, and Creditinfo Group taking full ownership of KIB Latvia extends the Icelandic credit bureau’s Baltic footprint.
Banks
Bank activity was the most interesting story of the month. Danske Bank, Handelsbanken, Swedbank Pay, SpareBank 1 Østlandet and Eiendomskreditt all signed deals embedding third-party capability across treasury, lending, checkout and core banking. The direction is consistent: Nordic banks are buying fintech capability rather than building it. On the consumer side, Aktia became the first bank in Finland to offer Visa Infinite in private banking.
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
Crosskey welcomes Handelsbanken as a new customer
Enfuce Joins Mastercard Product Express to Fast-Track Business Card Programme Launches Across Europe
Wamo closes €10M Series A to power European SMEs
Basware introduces AI agent training course for finance professionals
NoCFO x Revolut: Accounting that talks with your business account
Denmark
Everfield Acquires Amero, a Danish Software Leader in Specialty Retail
Danske Bank chooses Planixs for treasury overhaul
SimCorp introduces AI-powered stress testing for investment managers
Danske Bank leaks customer address details to outside payment recipients
Sweden
Digital mailbox Kivra acquires Swedish receipt startup Tab
Swedbank Pay to integrate Klarna in Nordic checkout offering
Vilja and ThirdEye announce strategic partnership
Forex goes live with Diebold Nixdorf ATM management tech
Klarna partners with Aven Hospitality to offer flexible payments across 10,000 hotels
Babbel Chooses Atlar for Global Treasury
Klarna Agrees to $1.7 Billion Transaction Supporting up to $40B+ of Lending
Payer Raises €340K to Automate the Future of B2B Invoicing and Payments
Kreditz Receives License to Operate as a Credit Bureau in Sweden
Former Pleo VP joins Grasp as chief product officer
Trustly Marks Pay by Bank Milestone With 120-Plus Million Users
Norway
Eiendomskreditt selects Knowit and Mambu to modernise its core banking platform
SpareBank 1 Østlandet partners with Froda for embedded SME lending
British Land has officially chosen Strise
Iceland
Creditinfo Group acquires full ownership of Latvian credit bureau, KIB Latvia
Oracle to integrate Lucinity’s AI tech to strengthen FCCM portfolio
Future events
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