Nordic Fintech Highlights – August
Welcome to this month’s edition of Nordic Fintech Highlights!
As we present our eighth edition of the year, we’re excited about the upcoming autumn season.
Explore our upcoming fall events and stay tuned for the forthcoming release of the Nordic Fintech Summit agenda.
August in brief
As we navigate through August’s finance and fintech landscape, it’s clear that this month has been relatively calm. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.
Funding Highlights
This month saw only three funding rounds, marking the lowest activity of the year. Nevertheless, ESG & Impact remain the top picks for investors, consistently drawing attention throughout the year.
Partnerships
Open Banking payments continue to lead the way in partnership news. Additionally, we’ve seen some developments in cloud technology, artificial intelligence, and customer insights.
Banks
Traditional banks have taken a backseat in the news cycle after the Q2 reports. However, Klarna has made waves by moving closer to conventional banking with the introduction of their fund storage account.
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
Nomentia offers clients Swift Business Connect service
Roima Intelligence to accelerate international expansion with new investment from Corten Capital
Multitude releases financial report for first half of 2024
Evitec Solutions and Bliwa partner up to reshape insurance industry towards cloud
Municipality Finance issues EUR 15 million notes under its MTN programme
Tenity selects ten startups for New Nordics Challengers Programme – including two from Finland
Denmark
Denmark’s responsible AI firm 2021.AI secures €3.6M; prepares for a larger funding round in Q1 2025
Tenity selects ten startups for New Nordics Challengers Programme – including three from Denmark
Sweden
Fundrella secures new funding and strengthens its board
IKEA to launch second-hand marketplace ‘IKEA Preowned’
Klarna takes on banks with new ‘account’ for storing funds
GreenMerc AB (publ) announces intention to acquire NorthCrypto Oy
Klarna acquires assets of bankrupt BNPL firm Laybuy
Estonian fintech startup is acquired by Swedbank in strategic move to enhance BNPL capabilities
Klarna swings to adjusted profit in first half of 2024 ahead of planned listing
Waytobill chooses Finshark as their official open banking partner
Ikea searches for customer insights with Adyen
Investment platform Savr speeds up payments with Brite Payments
foodora and Trustly launch seamless open banking payment solution across Europe
Fingerprint Cards appoints David Eastaugh as chief strategy and technical offficer
Trustly appoints Adam D’arcy as chief product officer
Hoist Finance has successfully issued bonds at a spread of 1,95%
SEB issues Additional Tier 1 Capital
Tenity selects ten startups for New Nordics Challengers Programme – including two from Sweden
Norway
Cardboard raises €1.9M for SaaS subscription management
Sports platform Støtte introduces open banking for micro-donations with Neonomics
Catharina Eklof appointed as CEO of Idex Biometrics
Idex Pay biometric card certificated by Visa
Tenity selects ten startups for New Nordics Challengers Programme – including one from Norway
Iceland
Tenity selects ten startups for New Nordics Challengers Programme – including one from Iceland
Future events
10.9. Morning coffee event on Legacy with expert speakers
Helsinki
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