Nordic Fintech Highlights – May
May in brief
Let’s unwrap what happened in fintech and finance in the Nordics in May. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.
Funding
This spring has shown a significant upswing in round sizes, and May did not disappoint.
It’s been a while since we’ve seen impact fintechs in the funding rounds. Could this signal a longer-term change in trend? €140 million is certainly impressive!
Partnerships
As usual, payments, and especially A2A, continue to be in focus. Several RegTech partnerships put the category in a close second place.
Overall, pan-Nordic collaboration is in the air.
Banks
Traditional banks were not as visible this month as in April.
Aktia and Swedbank have partnered in Finland, with Aktia taking over cash management and payment services, and offering leasing and invoice financing to Swedbank’s corporate clients.
Danske Bank has invested in United Fintech to enhance its digital transformation strategy and collaborate with fintech firms.
The Finnish Central Criminal Police (KRP) is investigating Oma Säästöpankki for securities market offenses after the bank reported guideline violations that increased credit risk.
Have a look at the news from May below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Swedbank enters strategic partnership with Aktia in Finland
Deloitte and Basware form e-invoicing alliance
Polar introduces Payment Wristbands Powered by Fidesmo
Geldmaat renews ATM Software-as-a-Service contract with Tietoevry
Oma Savings Bank Plc issues a EUR 250 million covered bond in a tap issue
Denmark
Copenhagen-based ZTLment secures €2.4 million to replace outdated banking infrastructures
Softpay Tap-to-Pay App now available on iMin devices
EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth
Digmi enters partnership with Softpay to scale up
Lego exec Anders Kirketerp-Møller joins Muinmos board
Danske Bank invests in United Fintech
Flatpay and Lassie among the top 10 European fintechs with the fastest-growing teams
Konsolidator completes private placement
Pleo secured €40M in debt financing from HSBC Innovation Banking to level up their credit offering
Sweden
Cloover closes $114M founding round
Deedster helps financial institutions to meet ESG goals – Secures MSEK 15 to accelerate growth
Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures
Insurance Innovator Ebie Secures Funding for Expansion
Majority raises $20m for migrant banking platform
SAVR secures strategic backing from Incore Invest to enhance Nordic investment platforms
Klarna launches Pay in 3 service in Slovakia
AMLYZE and Aura Cloud partner to enhance financial crime prevention
payabl. joins forces with Zimpler
Bluestep Bank issues Tier 2 notes in SEK
Dooba Finance AB (publ) issues bonds of SEK 600 million within its new SEK 800 million framework.
Investment AB Latour (publ) issues bond loans
Klarna reports profitable start to the year as listing rumours mount
Kvika completes tap issue in SEK
Storskogen successfully issues bonds of SEK 1.25 billion to finance the partial tender offer
Allshares Forges Ahead as European Compensation Software Leader with Novare Pay Acquisition
Flatpay and Lassie among the top 10 European fintechs with the fastest-growing teams
Norway
IDEX Biometrics to launch its solutions in South Asia
Reltime Enables Merchants to Accept Payments in Digital Currencies and CBDCs Globally
Signicat launches new report on AI-driven identity fraud
DIMOCO Payments partners with Nextory
Ermes partners with Zwipe to distribute biometric access cards
Hunter Group ASA – Receives Enova grant of up to NOK 100 million
Iceland
Landsbankinn integrates with CBA
Future events
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