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.
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.