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Nordic Fintech Highlights – March 2024

Nordic Fintech Highlights – March

It’s time for the third highlights of 2024 – March saw a decrease in the number of funding rounds, both compared to the previous month and March 2023, meanwhile, the number of new partnerships increased from February. But before we dive into the highlights and analysis, we need to mention our upcoming free webinar:
Join our insightful LinkedIn webinar, “Scaling a Digital Bank,” on April 9 at 10 AM CET. Gain unparalleled insights from fintech luminaries such as Georg Hauer, Linas Beliūnas, and Jarkko Maensivu. Secure your spot now for this not-to-be-missed session.
Check out all of our upcoming events and see you soon in Helsinki!


March in brief

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

Firstly, we want to extend congratulations to Epassi, DraiviFair Collection, Aprila Bank, Fairlo, Anyfin, DBT Capital, and Bomae for making it to FT 1000 – Europe’s fastest-growing companies according to Financial Times.

Check the whole listing here.



The month was quiet in terms of funding rounds – there was a significant drop both in the size and amount of rounds when compared to March 2023.

RegTech and Financial Software categories gathered a majority of the funding rounds, while Digital Banking was left with none.

Iceland’s Kuratech and Norway’s Finterai are among eight early-stage startups selected for the Tenity Incubation Program.



Swedish companies continue strong with new partnerships.

Payments continue the hot streak in terms of attracting partners.


Danske Bank continues their investment in tech partnerships – this time cloud – with a multiyear deal with AWS.

IKEA continues its transformation to the financial sector with the acquisition of Ikano Bank through Ingka Investments.

Nordic Fintech Highlights 3/2024 | Statistics

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

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


Country specific news



Enable Banking announces partnership with ZTLment

Multitude SE strengthens market position with the acquisition of the Omniveta business through CapitalBox

New Addition to Samlink Advisory Services: Introducing Petri Syvänne

Draivi and Epassi ranked amongst Europe’s fastest-growing companies by FT 1000

MuniFin returned to the Sterling market with its first GBP deal of the year

N26 launches Instant Savings in 13 new markets


BNPL Solution Anyday Raises DKK 300 Million to Fuel Growth and Secures Important License

Denmark’s Formalize raises €15M to become Europe’s leading compliance software

Denmark’s Scaleup Finance raises $8M to streamline startup financial planning

Softpay integrates BankAxept

Softpay now accepts Discover and Diners Club International Cards

Danske Bank invests in cloud technology and signs a multiyear agreement with AWS

Danske Bank to offer business customers discounted deals on climate reporting software

Danske Bank Increases Investments in Generative AI 



Sweden-based Younium raises an additional €2.7M for its B2B subscription management software

Froda continues its international expansion – enters Ireland

Klarna Adds Open Banking Settlements for 18 Million Consumers and 32,000 Retailers

Vilja introduces a multi-country set-up for deposit services in Euro

Strengthening the IKEA financial services offer – Ingka Investments to acquire full ownership of Ikano Bank

AirPlus partners with Billhop

Fingerprints Supports Thales Biometric Payment Card First Launch in Türkiye With Garanti BBVA

Ensurity FIDO2 security key embeds Fingerprints’ biometric tech

Payer to facilitate American Express for B2B Payments in Nordics

Deutsche Bahn And Tink Partner For Enhanced Direct Debit Setups

Tink partners with Micropayment to augment the payment experience

Tink and Payop partner to roll out Pay by Bank across Europe

Vilja and Mast enter partnership to transform the mortgage market for Building Societies in the UK

Swedbank selects Akur8 to strenghten insurrance pricing

Bluestep Bank issues senior unsecured bonds in SEK

Sweden’s Klarna fined $733,000 over insufficient GDPR information

NOBA Bank Group AB (publ) has successfully issued Additional Tier 1 bonds

Storskogen refinances credit facility agreements

Swedish central bank calls for legislation to protect cash



Tenity invests in eight early-stage startups, including Norway’s Finterai

Protocol Village: Fjord Foundry, a Token-Sale Platform, Raises $4.3M

Digipost launches Neonomics open banking powered checkout as exclusive payment option for invoicing

Neonomics and Bislab join forces to launch next generation of embedded finance offerings

Vipps MobilePay launches new version of the app

IDEX Biometrics and UK fintech to launch biometric cards for payment accessibility




Tenity invests in eight early-stage startups – including Icelandic Kuratech

Landsbankinn in Iceland connects to Swift’s Transaction Screening Service

Signicat Acquires Iceland’s Largest Digital Identity and Fraud Player



Future events

9.4.2024 Scaling a Digital Bank


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