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Nordic Fintech Highlights – December 2023

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.



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.



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 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



Enfuce achieves milestone in mobility segment, launching Visa’s Fleet 2.0 solution

Epassi’s Value Soars to One Billion Euros – Massive Deal Struck

Adyen partners with S Group

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

Tietoevry Banking wins Nordic Tier 1-bank contract to deliver card issuing and payments software solutions



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



Polaris Invests in AwardIt

Insurely secures additional funding to accelerate its international expansion, driving the open finance development in Europe.

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



Reltime secure funding for PoA 5G node blockchain project

Visma attracts new investors for further international expansion in a transaction valuing the company at EUR 19 billion

Lea bank ASA enters into strategic partnership with Stena AB and acquires its consumer credit business

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



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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