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Nordic Fintech Highlights – February 2024

Nordic Fintech Highlights | 2:2024

Nordic Fintech Highlights – February

It’s time for the second highlights of 2024 – February saw a rise in the number of funding rounds, both compared to the previous month and February 2023, as well as a couple of acquisitions. But before we dive into the highlights and analysis, here are a couple of important dates:
#1 Nordic Digital Banking & Digital Payments event
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February in brief

Let’s unwrap what happened in fintech and finance in the Nordics in February. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.



February saw a healthy amount of both small and large fundraising rounds. Compared to last year’s February, the amount of Nordic fintech companies raising money doubled.

Iceland continues to prove itself as an innovator within blockchain.

Digital Banking fintechs continue to attract most of the investments, while RegTech seems to be trending as well.



Mastercard and Visa seem to be active in the Nordics with three new collaborations.

Danish and Swedish companies were the most active in forging new partnerships.

Payments and A2A continue to be the hottest commodity in terms of attracting partners.


Nordic banks showed mixed Q4 2023 earnings, benefiting from high-interest rates but facing rising loan losses. With central banks set to ease monetary policy in 2024, earnings outlooks have softened.

ESG on the table as Swedbank adopts Poseidon Principles for carbon footprint reporting of shipping portfolio.

Saldo expands past the eurozone with a launch in Sweden.


Have a look at the news from February below and stay tuned for more!

You can find all the monthly Nordic Fintech updates from the past over here.


Country specific news



Multitude SE: CapitalBox Launches SME-Focused Collateral Lending

Saldo Bank Launches Operations in Sweden, Hoping to Increase ‘Fairness’ of Local Interest Rates

Leadz Oy Expands Its Loan Brokerage Portfolio with Three Key Acquisitions

Nordea Fourth-quarter and full-year results 2023

Alisa Bank Plc’s Financial Statements Bulletin 2023

Enfuce receives e-money license to boost UK expansion

OP Financial Group’s Financial Statements Bulletin for 1 January–31 December 2023: Operating profit EUR 2,050 million

Basware appoints head of AI and CIO

Co-op membership is highly attractive – S Group’s operating result improved, driven by the growth of customer volumes and four million S-Etukortti cards

Tietoevry Banking demerger plan approved



Januar raises Seed extension and launches B2B crypto services platform

Lunar raises €26.8M in Late VC money

The Danish SaaS company is rebranding to Meo, securing new capital for European expansion, and targeting customers in additional industries

Danish Pluto.markets closes oversubscribed $2.6M round to revolutionize Nordic brokerage

spektr raises €5 million and launches ongoing due diligence platform

Danish fintech startup Franklin partners with NIUM to revolutionize financial services for e-commerce businesses

Saxo Bank and Mastercard launch open banking payments for investment accounts

Softpay accepts Dankort wallet payments

Danske Bank sells 177 off-site ATMs to Nokas

Simcorp and Venn by Two Sigma form partnership



Kameo raises £1.1m investment from Incore Invest for property lending platform growth

Nordkap raises SEK 10.0M in late VC

Klarna launches new Sign in with Klarna product

Reducero integrates Kreditz innovative Fraud Detect product for enhanced loan assessment

Nordnet launches new index fund with a focus on Swedish small companies

Briqpay x Finshark partnership

Froda and Visa expand their partnership to enhance lending to small businesses

Sweden’s fintech Froda partners with Ageras to bring SME financing solutions to Germany

Mynt and Visa Announce Strategic Partnership to Innovate Spend management for SMEs

Hoist Finance has successfully issued Tier 2 subordinated bonds for a total amount of SEK 300 million

Klarna reports annual loss ahead of possible listing

Klarna discusses USD 20 billion IPO

Sweden joins TIPS – Eurosystem instant payments platform also settles in kronor

Tink enters the register to join the SPAA scheme

Surfboard Payments expands into online payments

Brite Payments joins the Payment Association

DBT Capital secures SEK 285 million to lend to Swedish SMEs with EIF backing

Billhop forges relationship with Eurocard



Oceans becomes part of ARC – significant growth ambitions in the Nordics

Neonomics selected by Lowell to roll-out account-to account payments across the Nordics






Lava Network Secures $15 Million in Seed Funding





Future events

21.3.2024 Ajankohtaista EU Digital Finance pakettiin: Finanssimarkkinat ja kryptovarat


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