Nordic Fintech Highlights – March
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, Draivi, Fair 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.
Funding
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.
Partnerships
Swedish companies continue strong with new partnerships.
Payments continue the hot streak in terms of attracting partners.
Banks
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.
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
Finland
Enable Banking announces partnership with ZTLment
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
Denmark
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 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
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
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
Norway
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
Iceland
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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