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.
Funding:
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.
Partnerships:
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
Finland
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
Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing
Monzo implements Mors treasury system
Denmark
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
Flatpay and Finaro: A Partnership to Change the Payment Landscape in Denmark and Europe
Red Cross in Denmark partners with Inpay
Pleo taps Banking Circle’s UK FPS membership
Sweden
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
Rocker and Snowdrop join forces for enriched transactions
Norway
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
Iceland
Unlocking Next-Level Financial Crime Prevention: Lucinity Now Available on Azure Marketplace
Future events
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