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Nordic Fintech Highlights – November 2023

Nordic Fintech Highlights – November

Last week, we brought together fintech entrepreneurs, investors, and bankers at the Helsinki Fintech Loop, a Slush after-party. It was an unforgettable evening, sprinkled with tips from our event partners on how to scale your fintech globally. Take a look at the vibrant atmosphere and valuable tips right here.
Next week, make sure you join BearingPoint and us for Trendspotting & Glögi: Nordic Banking 2033 – And how to get there on Tuesday 12th in Helsinki.

November in brief

It’s time to unwrap what happened in fintech and finance in the Nordics in November. You can also check our monthly podcast with Fintech Daydreaming where we dig into some of the most interesting news from October.


The number of funding rounds remained on the “new normal” level, but due to most of the activity being in early-stage rounds, the total value has been decreasing.

Lassie, the digital pet insurance company, secured the biggest round at €23M.

Impact was once again on the investor radar as Eliq raised €10M.

Enfuce did an extension to their C round and got Visa on board as an investor.



Open Finance keeps on moving forward in various fields as companies such as Froda, Monthio, e-Boks and Openpay are establishing partnerships to make payments and financing easier.

Biometrics stayed in the headlines and this month it was Fingerprints’ turn in the spotlight.

Klarna kept on conquering the world through new deals with Walmart Canada and Cathay Pacific.



Banks are focused on providing value to customers, particularly in the area of financial well-being in collaboration with fintech companies.

Savings Banks in Finland have joined forces with Tink, utilizing their money management tools to assist consumers in financial distress.

On the same path, SEB has partnered with Insurely to offer customers a comprehensive overview of their pension savings.

In addition, SEB has embraced new KYC technology from Singapore-based Blacksmith, automating data collection and enhancing its efficiency.

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

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


Country specific news



Consortium of Vitruvian Partners, Visa and Maki.vc take stake in Finnish issuer processing powerhouse Enfuce

Enfuce and Funding Circle partner to launch new business credit cards for small businesses

Visma acquires FabricAI 

Basware partners with Microsoft to improve customer support via AI

Savings Banks Group partners with Tink

Multitude Strengthens Commitment to Sustainability by Joining Partnership for Carbon Accounting Financials

Oma Savings Bank Plc issues a EUR 500 million covered bond

Membrane Finance to integrate EUROe stablecoin on Concordium



Owner shoots an additional DKK 30 million into Facit Bank

Impero A/S to raise DKK 10M in a Private Placement

Performativ Secures €5.5m to Transform Europe’s Underserved Wealth Management Sector

Spar Nord raises billions in new markets after the crisis in the Swedish economy

Denmark shifts to MitID as legacy digital ID becomes inactive

Bankdata contracts Accenture for digital transformation

Mastercard and e-Boks partner up to make it easier to pay invoices with open banking

Danish fintech Monthio teams up with the global payment giant Mastercard

Danish Fintech Openpay Partners with Yapily to Transform Payments

Mazepay adds former Mastercard exec Kevin Stanton to board

Danish fintech startup ZTLment strengthens board

Nykredit Realkredit A/S and Nykredit Bank A/S publish supplement no 3 to joint Euro Medium Term Note Programme 

SimCorp launches investment analytics platform



Eliq Secures €10 Million in financing

Krea strengthens with new capital from investors such as the business angel network ExM, Tomas Billing and FBTC Invest AB

As pet owners turn to mobile insurance apps, Lassie raises $25M Series B led by Balderton

Focalpay launches AI features in its commerce platform, enabling huge technology leap for retail and e-commerce businesses

Swedbank Robur unveils two climate funds

ABB E-MOBILITY simplifies payment of EV charging with Vourity acquisition

Fingerprints partners with IN Groupe

Froda and Ageras initiate new strategic partnership, empowering SME financing across Europe

Insurely contributes to an improved customer experience in the pension sector for SEB.

Klarna targets $1 trillion travel sector with Cathay Pacific tie-up

Walmart Canada partners with Klarna

SEB integrates Blacksmith’s KYC platform

Froda appoints Klarna’s Roger Forsberg as CTO

Former Blackstone Co-Head, John McCormick, joins Swedish Growth Platform Ark Kapital as new Strategic Investor

Intrum signs a term loan of EUR 100 million

Klarna Hits Profit Milestone in Q3, Eyes $15 Billion IPO

Klarna received FCA authorisation in the UK

Qred expands to Germany

Findity launches expense management API




NorQuant raises NOK14.8M






Iceland’s Landsbankinn launches PIS and AS offering





Future events

13.12. Talousrikollisuus & Teknologia 2023

18.1. Virtuaalivaluutat 2024

16.5. Nordic Fintech Summit 2024

28.11. Nordic Banking Forum 2024


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