Nordic Fintech Highlights – March
A quick reminder to tune into this week’s episode of Fintech Strategy Talk, where we’ll be diving into the topic of Embedded Insurance in Financing. Sign up here to join the discussion on Friday.
Missed a previous episode? You can catch up on all past sessions at the Digital Banking Academy.
And if you haven’t secured your ticket yet, now’s the time: Nordic Fintech Summit is coming up on May 15 and AML Arena follows on June 4. These are the must-attend events of the season for anyone driving the future of finance in the Nordics.
March in brief
March was a relatively steady month in Nordic fintech, with modest funding activity, several strategic acquisitions, and a notable rise in new partnerships. Only a few companies Kosli, PayZlip, and SparkReceipt secured new capital. Most of the momentum came from corporate developments and market expansion. The month also saw Tap to Pay on iPhone roll out across Finland, driven by a wave of launches from major payment providers.
M&A
Mergers and acquisitions featured a few significant moves. Euronext acquired Visma’s Admincontrol in a $398 million transaction, strengthening its position in board and governance technology. Accountor Software completed its public tender offer for Heeros Plc, while Kivra expanded its role in digital identity through the acquisition of Truid. In the ESG space, Glass Lewis acquired Esgaia to enhance its investment stewardship data offering.
Partnerships
Partnerships remained a key theme, with fifteen new collaborations announced across fintech and financial services. These focused on areas such as embedded payments, ESG reporting, and artificial intelligence, reflecting ongoing demand for specialist technologies to support financial sector transformation.
Banks
Banks and financial institutions continued their push for innovation. Tietoevry signed two five-year agreements, one with Fana Sparebank for a full suite of core banking solutions, and another with Bank Norwegian to provide a credit card platform. In addition, Nordea and OP launched their joint mobile payment service, Siirto, marking another step forward in the evolution of digital payments in Finland.
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
Mandatum plc to sell all its shares in Saxo Bank A/S
Fennoa Links Up with ReceiptHero to Revolutionize Receipt Management
Tietoevry Banking partners with Tapeeze to design tokenised card products
TietoEvry and Fana Sparebank partner for core banking, cards, payments, and financial crime
Bank Norwegian extends Tietoevry contract by five years
Enable Banking partners with Sumsub
Holvi partners with Beglaubigt.de
Finland’s SparkReceipt secures investment to streamline accounting for small businesses worldwide
Multitude Bank launches new digital deposit services in Malta
Raisin Expands into the Nordics with Finland Platform Launch
Adyen launches Tap to Pay on iPhone in nine European markets
Apple launches Tap to Pay on iPhone in European countries
Nexi expands Tap to Pay on iPhone to Switzerland and Finland
Viva.com expands Tap to Pay on iPhone to five additional countries
OP, Nordea roll out mobile-based payment service
S-Pankilla on finanssialan paras maine, selviää T-Median tuoreesta tutkimuksesta
Denmark
Lunar launches banking app for kids and teens
Lunar reaches one million user milestone
Pleo adopts Taktile to enhance fraud detection and AML capabilities
Sweden
Accountor Software has completed the public tender offer for Heeros Plc
Kivra is investing in the development of an identity wallet by acquiring Truid
Bits Technology develops AI agent and co-pilot tools for compliance professionals
Paytech start-up Mimo raises $8.5m equity investment, inks embedded funding partnership with Froda
Zimpler partners with Swish to unlock direct participation
Sweden’s Vilja Enters Vietnam to Support Digital Banking Growth
Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
Brankas and Vilja forge Strategic Partnership to Simplify Open Banking in Vietnam
PayZlip Secures € 650K in Funding
Trustly launches biometric solution to accelerate logins in Europe
Investment AB Latour (publ) issues bond loans
Loomis signs a five-year credit facility of EUR 415 million
Swedish firm Sitoo follows Verdane investment by adding British brand Osprey London to customer list
New €25M fund targets fintech and SaaS expansion in Europe
Klarna files registration statement with SEC for proposed New York IPO
Klarna to shut down three offices ahead of IPO
Precise Biometrics’ BioLive anti-spoof solution approved by UIDAI
Sweden’s Riksbank works on offline payments in contingency planning for war outbreak
Glass Lewis Acquires Investment Stewardship Data Platform Esgaia
Tink hits 10,000 merchant milestone for open banking payments
Trustly becomes first third-party provider to support RIX INST-powered instant payouts
Safello teams up with Zumo to set standard for sustainability in Sweden’s crypto sector
Norway
Euronext acquires Visma’s Admincontrol for USD 398 million
Coeo Inkasso selects Neonomics to simplify debt collection payments with Nello Pay
Norwegian startup raises €9.2M to modernize compliance for financial institutions
Landsbankinn Expands Funding with NOK 500 Million Bond Issue
Future events
4.4. Fintech Strategy Talks: Embedded Insurance in Financing
Online
15.5. Nordic Fintech Summit 2025
Helsinki
4.6. AML Arena 2025
Helsinki
4.12. Nordic Banking Forum 2025
Helsinki
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