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Nordic Fintech Highlights – September 2023

Nordic Fintech Highlights – September

Nordic Fintech Highlights is the enhanced and more expansive version of the Nordic Fintech Snippets. This monthly update provides a comprehensive overview of the latest fintech and financial industry news in the Nordic region.

Besides picking up the most exciting news, we are also concluding the trends and focusing on what the banks are doing.

And that’s not all! As you may have read from social media, Fintech Farm has started a collaboration with the one and only Fintech Daydreaming podcast, and from this month onwards, you will get a monthly podcast episode deep-diving into trends and most noteworthy news arising from the monthly industry review.

The first episode can be found below.

September in brief

As we’re now firmly entering fall, it’s time to reflect on the exciting industry news that unfolded in September.

As we can see, the industry is clearly getting back from summer break and gearing up for the second half of the year.



Six monthly funding rounds go by the average trend. It’s safe to say that the “Fintech Winter” is over and we are closer to normal, but of course far away from what it was a few years ago when the bubble burst.

While Simple and Daysave raised early-stage funding, Enigio Time raised €6M, including €3M from their customer Lloyds.

Strise and Treyd secured significant series A funding rounds, and the total monthly funding sum for the industry was massive due to AlphaSense’s $150M series E funding.



A significant number of new partnerships were established in September.

Payment and Open Banking infrastructure solutions are in high demand and remain as the cornerstone of fintech growth.

SME financing provider Froda and consumer finance app Rocker were strengthened with new features.

ESG & Climate fintechs Matter and Doconomy established global partnerships, proving that Nordics are paving the way within Impact.

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

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

Country specific news



AlphaSense, an AI-based market intel firm, snaps up $150M at a $2.5B valuation

Tenity invests in 7 startups joining its incubator in newly opened Nordics Hub

Enable Banking, CRIF and Strands Forge Strategic Partnership to Revolutionize Open Finance Solutions in the Nordics.

Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing

Monzo implements Mors treasury system



Simple Family Office Resource Closes New Funding Round

Saxo Bank and Mastercard launch open banking payments for investment accounts

Netcompany acquires a 20% stake in leading FinTech company to form a strategic partnership

Saxo completes sale of fintech joint venture to Geely Group

CPBank partners with Eurogiro

Flatpay and Finaro: A Partnership to Change the Payment Landscape in Denmark and Europe

Red Cross in Denmark partners with Inpay

Matter integrates ESG and sustainability insights into Nasdaq eVestment, the world’s largest institutional investment database

Pleo taps Banking Circle’s UK FPS membership



Lloyds Banking Group Invests €3M in Enigio to Support Digital Documentation in Trade

Swedish fintech Treyd secures $12M funding for expansion and product development

Safello lets users buy crypto with Apple Pay and Google Pay

Blackthorn Finance acquires Steven

Brite Payments powers instant A2A payments for Auctionet

Zimpler and Centiglobe combine instant A2A payouts with blockchain-based payment rails

Crunchfish and LISNR enable offline payments acceptance

Doconomy and BCG form climate action partnership

Froda and Visa Join Forces with Checkout.com to Enable Visa Direct for Embedded Business Loans Payouts

APEXX partners with Klarna

Rocker and Snowdrop join forces for enriched transactions



Strise secures $10.8m in series A to redefine AML automation

Signicat launches no-code platform for digital ID

Liberty Mutual expands global surety operation

Nets signs seven-year extension with Norwegian domestic scheme BankAxept

IDEX Biometrics partners with KL HI-TECH to launch cards in India

Neonomics and BetterNow partner to make digital fundraising easier with open banking



Unlocking Next-Level Financial Crime Prevention: Lucinity Now Available on Azure Marketplace





Future events



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