Nordic Fintech Highlights – February
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.
Funding
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.
Partnerships
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.
Banks
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
Finland
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
Basware appoints head of AI and CIO
Tietoevry Banking demerger plan approved
Denmark
Januar raises Seed extension and launches B2B crypto services platform
Lunar raises €26.8M in Late VC money
Danish Pluto.markets closes oversubscribed $2.6M round to revolutionize Nordic brokerage
spektr raises €5 million and launches ongoing due diligence platform
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
Sweden
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
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
Norway
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
Iceland
Lava Network Secures $15 Million in Seed Funding
Future events
21.3.2024 Ajankohtaista EU Digital Finance pakettiin: Finanssimarkkinat ja kryptovarat
Helsinki
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