Nordic Fintech Highlights – November
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.
Funding
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.
Partnerships
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
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
Finland
Enfuce and Funding Circle partner to launch new business credit cards for small businesses
Basware partners with Microsoft to improve customer support via AI
Savings Banks Group partners with Tink
Oma Savings Bank Plc issues a EUR 500 million covered bond
Membrane Finance to integrate EUROe stablecoin on Concordium
Denmark
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
SimCorp launches investment analytics platform
Sweden
Eliq Secures €10 Million in financing
As pet owners turn to mobile insurance apps, Lassie raises $25M Series B led by Balderton
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
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
Findity launches expense management API
Norway
FUTUREXCHANGE AS raises NOK2.5M
Iceland
Iceland’s Landsbankinn launches PIS and AS offering
Future events
13.12. Talousrikollisuus & Teknologia 2023
Helsinki
18.1. Virtuaalivaluutat 2024
Helsinki
16.5. Nordic Fintech Summit 2024
Helsinki
28.11. Nordic Banking Forum 2024
Helsinki
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