Nordic Fintech Highlights - February 2026

Nordic Fintech Highlights – February

Welcome to the February edition of Nordic Fintech Highlights, where we share the most relevant industry updates from across Nordic finance and fintech.

March is here, which means the end of Q1 is nearing. We kicked off 2026 with renewed ambitions to grow Nordic Fintech Highlights into the voice of the Nordic fintech ecosystem through newsletters, webinars, podcasts, and events. For this, we’ve already dedicated a full stage at the Nordic Fintech Summit (20–22 May, Helsinki), as Helsinki also serves as the region’s unique Eurozone entry point.

The renewed Nordic Fintech Summit now starts with a Strategy Talk Day for deeper roundtables and curated discussions before continuing with the main Conference Day with two main stages and a roundtable track. The second stage and roundtables are dedicated to the newly launched Payments Arena, which dives deep into the instant payments transformation and the digital euro. The three-day conference ends with a post-Summit day for continued conversations and company visits.

If you’re looking to enter or grow in the Nordics and the Eurozone, combining Nordic Fintech Highlights and the Summit is now there for you to leverage the ecosystem not just for a day but year-round.

But no need to wait until May. Our next free webinar is already on Wednesday, focused on fintech marketing. And on the compliance side, enforcement is not slowing down. AML Arena is coming up fast, and the Final Call offer ends on Friday.

February updates

February picked up pace compared to January. Each category was active, even though we have not seen much from the traditional banks in the news so far this year, beyond the fairly expected Q1 results.

Be sure to catch our monthly Highlight Podcasts with Fintech Daydreaming, where we deep dive into some news stories of the month.

Funding
AI dominated February funding. Several Nordics-based startups raised seed rounds to replace manual finance work with automation, especially around planning, reporting, accounts receivable and invoice handling. On the compliance side, Bits Technology’s €12M Series A round stood out as a clear bet on Europe’s push for tighter and more unified AML requirements. The largest round came from Sweden’s Lassie, raising $75M in Series C funding and showing that scaled, category-leading players can still attract serious capital.

Partnerships
Partnership news was again largely about payments rails and verification. Pay by Bank and account-to-account flows kept showing up, with Salt Edge partnering with NoCFO to bring Pay by Bank to entrepreneurs in Finland and Germany. Klarna also joined Paytrail in Finland, further expanding its reach through local infrastructure. On the broader payments strategy side, Vipps MobilePay and other European wallets building a joint network was one of the more interesting developments, pointing toward more cross-border wallet cooperation. Identity also stayed close to payments, with Signicat and Two focusing on instant B2B buyer verification.

M&A
Consolidation continued across investment tech, lending, insurance and back-office services. Arcesium’s acquisition of Sweden’s Limina is a good example of how investment platforms are becoming more end-to-end. Enity taking full ownership of Uno Finans and Optio acquiring AGS Forsikring both reflect the same theme: scale and distribution matter, and buying capability is often faster than building it. Even smaller accounting deals underline that the Nordic market is still rolling up niche players into larger platform groups.

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.