Nordic Fintech Highlights – June
Despite the approaching summer holiday season, Fintech Farm remains dedicated to staying abreast of industry news.
June marked a significant milestone for Finland, with AlphaSense securing the largest funding round in Finnish fintech history and the Nordic region in the past two years.
The month overall showed positive signs, hinting at a dynamic second half of the year.
Be sure to keep an eye out for exciting news and upcoming events for the autumn, and don’t forget to register for the Banking Forum in November as well.
June in brief
Let’s delve into the exciting developments in fintech and finance across the Nordics during the month of June. While there won’t be a separate podcast episode this June, we’ll be sure to provide a comprehensive summary after the summer break.
Funding
In terms of funding, AlphaSense stole the spotlight with an impressive $650 million round, setting a new record in Finnish fintech history and the Nordic region for the past two years.
ESG & Impact continues to reign as the top category for the second consecutive month.
Partnerships
June saw a flurry of partnerships centered around cards.
Enfuce made significant strides with its Card as a Service, forging three new partnerships.
Lunar introduced a debit card in collaboration with SAS, while Fingerprints secured a customer in Brazil and Idex Biometrics gained a client in Asia.
Banks
On the banking front, Danske Bank made headlines by integrating sustainable investment insights into its mobile app. Handelsbanken opted to enhance its customer engagement by teaming up with digital banking solutions provider Meniga to offer personalized financial insights.
Norwegian-based Lea Bank successfully obtained a banking license in Norway, while Swedish owner banks of Bankgirot are under pressure to meet the requirements of the EU’s Wire Transfer Regulation by the end of 2026.
Have a look at the news from June below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Monzo Bank goes live with MORS Asset Liability Management (ALM)
Tietoevry Banking expands card personalization services in Riga
AlphaSense to Join Forces with Tegus; Increases Latest Valuation to $4B
Enfuce partners with Síminn Pay to launch innovative commercial cards with carbon footprint tracker
Allpay modernises payment systems with Enfuce
Enfuce and Swile team on all-in-one employee benefits card
Liberis partners with Paytrail
CapMan issues EUR 60 million sustainability-linked notes
Multitude Capital Oyj successfully places EUR 80 million in senior guaranteed unsecured bonds
Municipality Finance issues EUR 10 million notes under its MTN programme
Denmark
Light Raises $13 Million in Funding
Danish Fintech startup Monthio secures €10M to fuel international expansion
Viio secures €3.3M funding for its software license management platform
Danske Bank adds sustainable investment insights to mobile app
Vipps MobilePay launches P2P payments between Denmark, Norway and Finland
Ageras to acquire French fintech Shine from Societe Generale
Trust Payments payouts added to Freepay suite
Lunar and SAS partner for debit card
PPRO joins forces with Lunar and Swish
SJ AB selects Extenda Retail and Softpay for its payment processes
Sweden
Trustly introduces new solution to expand Europe’s subscription economy
Trustly launches AI-powered recurring payments
Klarna sells Checkout business
Bits Technology and Coface Announce Strategic Partnership to Enhance Credit Reporting Capabilities
Fingerprints Supports Valid in Launching Biometric Payment Card in Brazil
Klarna and Sainsbury join forces
OKQ8 Bank Signs 3-Year Agreement with Sileon to Implement Flexible BNPL Solution on Their Cards
Trustly integrates with BR-DGE
Qred raises loan limit to 5 million SEK
Westpay AB has resolved on a directed issue of shares amounting to approximately SEK 9 million
Swedish banks in race to build new technical infrastructure for Bankgirot to meet EU regulations
Norway
Fortifai funding news – Oslo-based Fortifai Raises €502k in Funding
Norways BankAxept rolls out Apple Pay with support from Tietoevry
Idex Biometrics books production order from Beautiful Card Corporation
Boost.ai scores credit union contract wins
Lea bank ASA – Swedish banking license granted
Storebrand ASA – Successful placement of senior unsecured bonds
Iceland
Lucinity delivers generative AI copilot plugin
YAY Moments launches payment cards
Handelsbanken taps Meniga to amplify its digital banking experience
Future events
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