Nordic Fintech Highlights – December
Welcome to the first Nordic Fintech Highlights of the year, where we wrap up what happened in December and close the books on last year.
We are excited to continue Nordic Fintech Highlights in the year ahead. The Highlights lives through this monthly summary, alongside the podcast and webinars, following the companies and developments shaping the Nordic fintech and financial services market.
Throughout the year, these signals and stories build up. In May, they come together at our flagship event, the Nordic Fintech Summit in Helsinki. This year, the Summit will feature a dedicated Highlights stage, featuring the most interesting companies and cases we have followed through these updates.
The Nordic Fintech Summit takes place on 20–22 May 2026. If you are interested in joining the programme, being on stage, or simply following what is coming together, you can explore the event here.
Now, let’s dive into the December updates.
December updates
December wrapped up the year with fewer announcements, but with a clear focus on consolidation and infrastructure. Even though funding was quiet, there was a quite signigicant funding round, as Swedish Zaver raised 124 M SEK.
Be sure to catch our monthly Highlight Podcasts with Fintech Daydreaming, where we deep dive into some news stories of the month.
M&A
M&A activity accelerated toward year-end, particularly across payments, banking infrastructure and enterprise software. Several transactions pointed to a maturing market where scale and operational depth matter more than standalone solutions. Noba Bank was among the active players, acquiring DBT Capital, while multiple deals across payments, invoicing and capital markets tooling underlined the continued consolidation of the fintech stack.
Partnerships
Partnership news focused on automation and modernisation of core financial processes. Many collaborations targeted KYC, onboarding, payments and sustainability reporting. Tieto featured prominently, announcing two new bank partnerships focused on invoicing, payment integration and long-term platform development, highlighting the continued shift toward modular banking architectures.
Banks
Banks continued to prioritise infrastructure upgrades and long-term technology partnerships rather than rapid experimentation. The focus remained on resilience, scalability and regulatory readiness. At the same time, digital euro developments moved a step forward, with the ECB increasing resources dedicated to the project, signalling steady progress behind the scenes.
Have a look at the news from December below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Tieto to provide invoicing and payment integration services for Bank Norwegian
Cultura Bank and Tieto Banktech enter 5-year technology partnership
Basware acquires Australian AP automation vendor Redmap
Enfuce enters Belgium and Luxembourg with Monizze
Aleksi Grym appointed Head of Payment Systems Department
Denmark
Danish Growth Capital becomes sixth institutional investor in United Fintech
GCEX secures MiCA licence from the Danish FSA
Danish FarPay joins POM Group in bid to scale accounts receivable automation across Europe
Sweden
Done.ai Group AB expands into the Point-of-Sale market through the acquisition of Plorea Holding AS
NOBA Bank Group AB (publ) acquires DBT Capital AB
Hilbert Group Acquires Enigma Nordic to Strengthen Institutional Digital Asset Trading Capabilities
Deedster and Aura Cloud Announce Partnership to Accelerate Sustainable Banking Innovation
Klarna and Privy jointly research a consumer crypto wallet
Fidelity International introduces Tink’s Pay by Bank for account top-ups
Zaver Achieves Billion SEK Valuation After New Funding Round
Klarna brings instore tap-to-pay for 14 new markets
Worldline sells off Swedish payments platform CoreOrchestration
Norway
SaveLend Group sells Billecta shareholding for SEK 117 million
Formue calls on Strise to overhaul manual KYC checks
Future events
26.3. AML Arena 2026
Helsinki
21.5. Nordic Fintech Summit 2026
Helsinki
21.11. Nordic Banking Forum 2026
Helsinki
Do you want to receive monthly Nordic Fintech Highlights to your email? Subscribe below:
