Nordic Fintech Highlights – October
It’s time for the October Highlights – which means it’s November, and we’re entering the final stretch of the fintech and finance year.
Just four weeks remain until Nordic Banking Forum, the region’s leading banking and finance event. Join hundreds of decision-makers in Helsinki for a 2 days of strategy talks, networking and fun.
Before that, Slush takes over Helsinki. We’ll be hosting and joining several fintech side events together with our partners, so make sure to check the calendar and secure your spot.
October updates
October was another busy month for the Nordic fintech and finance industry. We saw new developments across every category.
Funding
Not surprisingly, nearly every funding story involved AI. From Formalize’s AI-driven compliance platform to Nume AI CFO tool and Grasp’s multi-agent system, the theme was clear. Even Vendy’s automated buyback station and Vilja’s new AI development center in Kuala Lumpur highlighted how AI continues to drive the next wave of innovation.
Partnerships
Open Banking and BaaS remained the backbone of partnership activity. Holvi teamed up with Azets, Enable Banking partnered with A-Tono, and Tink made two international moves with SplitWise and Coinbase. In Sweden, Bits Technology expanded its compliance ecosystem through partnerships with Leslie and Fondo. Klarna continued its AI journey with Google, despite the ongoing EUR 8 billion court case between the two in Sweden.
Banks
Strategic collaborations continued to push the region forward. In Finland, Alisa Bank and Nordea joined forces to offer invoice financing for entrepreneurs. Nordea also announced Bitcoin ETP access for its customers, while Alisa Bank sold part of its consumer loan portfolio to Bankaktiebolaget Nordiska. In Denmark, Sydbank, Arbejdernes Landsbank, and Vestjysk Bank moved ahead with plans for a three-way merger.
Have a look at the news from October below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
AlphaSense Acquires Carousel to Power AI-Driven Excel Modeling
Enable Banking and A-Tono join forces to expand open banking infrastructure in Italy
Azets users can now access Holvi business accounts directly via BaaS model
Narvi bids to make launching a digital bank as easy as building a website
Nordea to offer customers access to an exchange-traded product tracking Bitcoin
Zervant becomes Zervant by Shine
Anssi Huhta appointed as new CEO of Aktia Bank Plc
OP Financial Group is now OP Pohjola
AlphaSense launches AI-powered financial data platform
Alisa Bank Plc sells a significant part of its consumer loan portfolio to Bankaktiebolaget Nordiska
Denmark
Sydbank, Arbejdernes Landsbank and Vestjysk Bank publish merger documents
Formalize snaps €30M Series B to redefine Compliance for Europe’s SMEs
Copenhagen’s Scaleup Finance secures £3 million for AI CFO platform “Nume”
Pleo launches cash management suite for Germany and UK
Pleo launches multi-currency accounts
Partisia and Squareroot8 launch ‘quantum-safe’ collaboration
Sweden
TrueLayer to acquire open banking rival Zimpler
Coinbase and Tink bring Pay by Bank crypto payments to Germany
Following acquisition by Finserve, RessCapital eyes further international growth
Lesslie Turns Compliance into a Growth Engine with Bits
Fondo partners with Bits Technology to power compliant onboarding for investment customers
Fedelta becomes a credit market company and is live with Vilja Deposit for its savings offering
Findity and Sage announce strategic partnership to simplify expense management for SMBs
Swedish AI startup Grasp raises $7m in series A funding
Vendy raised €1 million with Antler and Bust in Sweden
Klarna introduces tiered membership plans across UK and EU
Vilja raises USD 4 million funding round
Klarna’s EUR 8 bln case against Google begins in Sweden
Tink and SplitWise extend European partnership
Nordic Capital to acquire BMLL
Norway
Smitten becomes the first dating app to introduce national eID verification
Future events
4.12. Nordic Banking Forum 2025
Helsinki
26.3. AML Arena 2026
Helsinki
21.5. Nordic Fintech Summit 2026
Helsinki
Do you want to receive monthly Nordic Fintech Highlights to your email? Subscribe below:
