Nordic Fintech Highlights – December
It’s time to wrap up 2023 with December’s highlights before gearing up for 2024. Next year promises to be exciting as we will continue the monthly Nordic Fintech Highlights and we have a bunch of interesting events lined up, starting with the Fintech of the Year Finals on January 25th.
Check out our upcoming events and see you soon in Helsinki!
December in brief
Let’s unwrap what happened in fintech and finance in the Nordics in December. You may want to also check out our podcast with Fintech Daydreaming later this month where we dive deep into a few specific monthly topics.
Funding
December was a bit quieter in terms of equity funding rounds.
Meniga, the Icelandic digital banking solutions company, secured the biggest round at €15M.
Visma, the Norwegian software house also known for fintech solutions attracted over €4B in investments, valuing the company at $19 billion.
Partnerships
Cross-Nordic partnerships were on the rise, with companies such as Lucinity, Neonomics, Intergiro, and Danske Bank entering into strategic partnerships with fellow Nordic companies.
Biometrics stayed – again – in the headlines, with Fingerprints and IDEX Biometrics leading the way.
Klarna continued conquering the world through new deals with CarTrawler (travel now, pay later), and Adyen (simplifying card payments).
Banks
Banks are focused on providing value to customers and improving the customer experience – S Group in Finland entered a long-term payments collaboration with Adyen, and Danske Bank aims to enhance its data visualization by implementing Netdania’s charting technology.
Lea bank ASA acquired Stena’s consumer credit business as a part of a larger cooperation deal.
In Finland, Nordea and OP form a joint venture to enhance domestic payment services.
Have a look at the news from November below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Enfuce achieves milestone in mobility segment, launching Visa’s Fleet 2.0 solution
Epassi’s Value Soars to One Billion Euros – Massive Deal Struck
Hygraph partners with Siili for flexible and adaptable composable eCommerce solutions in the Nordics
MORS and Monzo secure Double win at prestigious Global Fintech Innovation Awards
Municipality Finance issues a EUR 50 million tap under its MTN programme
Nordea and OP form a joint venture to enhance payment services in Finland
Denmark
Danske Bank to implement Netdania charting technology
Lunar and TrueLayer Forge Strategic Partnership to Revolutionize Nordic Payments Landscape
SimCorp climbs into digital assets with Alloy
$4.7 billion European fintech firm
Pleo appoints new CFO, pointing to IPO hopes
Sweden
Sprints acquires 40% of Modular Finance
NOBA Bank Group AB (publ) has successfully issued subordinated Tier 2 bonds
Treyd launches inventory financing to Irish SMEs
Vilja continues its international expansion by introducing Deposit services in Poland
Fingerprints supports Thales’s fourth-generation biometric payment card
Transfer Galaxy and Intergiro Forge Alliance to Reshape Global Remittances
Klarna & CarTrawler partner for ‘Travel Now, Pay Later’
Adyen and Klarna: Collaborating to simplify card payments
Vertex launches $555M bid to acquire Swedish firm Pagero Group
Norway
Reltime secure funding for PoA 5G node blockchain project
Eastern partners with IDEX Biometrics to launch biometric metal card in Bangladesh
IDEX Biometrics partners with Toppan Gravity
Neonomics selected by Ping Payments to power open banking services expansion across the Nordics
Neonomics and Carbon Centrum join forces to reduce carbon emissions through open banking
Iceland
Meniga raises €15M in Series D funding for digital banking solutions
Lucinity partners with Trustly to combat financial crime
Future events
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