Nordic Fintech Highlights – July
Summer is at its hottest, but the fintech market isn’t standing still. Even during the Nordic holiday season, we’ve seen some interesting moves across the region.
At Fintech Farm, we’re also busy behind the scenes, preparing new and exciting things for the autumn and especially for next year.
We’ll continue to focus on the bread and butter of the financial industry through AML Arena and Payments Arena, where we cover the most essential developments in compliance and payments.
We’re also taking engagement to the next level with our Strategy Talk concept, which will take on a big role at the Nordic Banking Forum in December. Stay tuned!
July updates
As July is traditionally the most popular holiday month in the Nordics, the overall activity in the fintech space remained quiet, just as expected. However, there were still some notable developments, especially in the area of mergers and acquisitions.
Funding
On the funding side, two companies were announcing new rounds. Norwegian B2B payment platform Two and Swedish market research software company Quartr both secured significant investments to support their international expansion efforts.
M&A
M&A activity was surprisingly busy during the holiday season. There was a noticeable concentration of deals involving Benelux firms. Norway’s Semine was acquired by Rydoo from Belgium, while Danish company Ageras acquired Dutch HR-tech firm Employes. In addition, Norwegian digital identity provider Signicat acquired Dutch company Inverid. Alongside these international moves, Nordic banks continued to invest in strengthening their digital and technical capabilities.
Banks
In banking, Q2 results came in as expected, but the sector still made headlines. Nordea partnered with Mynt to launch a business credit card and spend management solution for the Nordic market. In Denmark, Fynske Bank and Nordfyns Bank announced a merger, aiming to consolidate their regional presence. LF Bank acquired savings platform SAVR to broaden its digital offering, while Swedbank took over the mortgage credit institution Stabelo to strengthen its position in the housing finance sector.
Have a look at the news from July below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Nordea: Half-year results 2025
Denmark
Nordfyns Bank and Fynske Bank enter into a new merger agreement
Ageras snaps up Dutch payroll outfit Employes
Danske Bank: Interim report – first half 2025
Saxo Bank to implement new password complexity requirements
Sweden
Klarna teams up with Poshmark, launch in-app Resale Integration
Bolt to offer Klarna pay-in-four as preferred BNPL option at the merchant checkout
Tink and Chip Announce Open Banking Partnership
Swedish Quartr raises $10 million to expand public market research platform
Zimpler introduces ID+ layer for digital payments
iDenfy adds Sweden’s BankID verification
SEB’s results for the second quarter 2025
BTC AB: Approved for Listing on Spotlight Stock Market
Klarna granted UK EMI licence, as looks to position itself as “global digital bank”
Klarna Considers Restarting IPO Plans as Market Picks Up
Qliro announces final outcome in the company’s oversubscribed rights issue
Norway
Signicat buys NFC-based digital ID outfit Inverid
With global trade demanding speed, Norwegian fintech startup gets €13M to build trust infrastructure
Rydoo acquires Semine: a new chapter in AI-powered spend management
Iceland
Lucinity Launches AI-Native Customer 360, Powered by Agentic AI
Future events
4.9. Regulatory Roundtable
Helsinki
4.12. Nordic Banking Forum 2025
Helsinki
26.3. AML Arena 2026
Helsinki
21.5. Nordic Fintech Summit 2026
Helsinki
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