Nordic Fintech Highlights – May
June is here, but there’s still plenty happening in Nordic fintech! Before Midsummer, we have several exciting events coming up. Check out our event calendar for more details.
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May updates
May was a relatively quiet month in Nordic fintech, marked by subdued activity overall. Notably, only two funding rounds occurred. Compliance-related developments and payment solutions continued to capture attention.
Be sure to catch our monthly Highlight Podcasts with Fintech Daydreaming, where we deep dive into some news stories of the month.
Partnerships
Froda maintained its momentum by securing a notable partnership with Finland’s wamo. Payments remained a dominant theme, highlighted by Yabie’s collaboration with Worldpay, Adyen joining forces with Tink, Bits partnering with Mastercard, and Nordic Initiative aligning with Nexo Standards.
Banks
Nordic banks remained prominently featured, reporting solid yet slightly lower Q1 results. Tietoevry notably strengthened its presence in Norway, by signing one more banking platform deal in the region. Meanwhile, other Nordic banks engaged in new fintech partnerships focused on wealth management, payments, and compliance. Compliance concerns also kept several banks across the region in the spotlight.
Launches
Enfuce introduced the Fortitude Pledge, a compliance and security initiative aimed at fully eliminating financial crime risks in their transactions. Verified expanded its portfolio with AML Managed Services, complementing its technology-based solutions. Vipps MobilePay joined the EuroPA alliance, enabling cross-border money transfers between Nordic users and various European countries.
Have a look at the news from April below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Enfuce rolls out Fortitude Pledge
3rd-eyes analytics continues growth with expansion to Finland
Nordics, Estonia develop offline card payment systems
ReceiptHero joins Visa’s Fleet & Mobility Partner Programme
Denmark
Increased regulatory burden prompts PenSam Pension to sell bank business
Diginex Signs MOU to Acquire Matter DK ApS, Expanding Its Sustainability Data and AI Capabilities
Sweden
Swedish fintech Treyd adds Klarna Veteran to Board, secures €5M in new funding
Visa invests in spend management platform Mynt
Verified Launches Managed Service to Simplify Anti-Money Laundering Efforts
coeo Inkasso Sweden partners with Neonomics
Froda partners with wamo to strengthen SME financing in Finland
Klarna doubles losses in first quarter as IPO remains on hold
SEB joins AI factory joint venture
Sweden’s FSA imposes USD 1.29 million fine on Swedbank
Tink and Adyen bring Pay-by-Bank to Vodafone customers in Germany
Norway
Vipps MobilePay: Soon, you can send money to friends in Southern Europe
Main Capital Partners acquires majority stake in Norwegian fintech firm Aritma
Tietoevry Banking, Lokalbank to launch banking platform in Norway
Mastercard extends partnership with Bits
NIB signs Arctic SME onlending facility with SpareBank 1 Helgeland
Nordic Initiative works with nexo standards on payment evolution
Iceland
Arion Bank partners with Volante to optimise payments and compliance
Kvika issues inaugural EUR 200 million bond
Future events
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