Nordic Fintech Snippets – December 2020
December saw the Nordic countries come together to organize satellite events to celebrate the fintech achievements within each country during the World Fintech Festival Singapore event. With hundreds of attendees, the events showcased the best Nordics have, from discussions around sustainability in finance to how venture builders in Sweden are helping new companies come about. We saw how fintech has been utilized in Norway to counter some of the struggles caused by COVID-19, and some really innovative fintech use cases from Iceland.
With the fall of Wirecard and the continuous rise of neobanking, fintech has been in the forefront of news in 2020. But if anything, we hope 2020 has proven to everyone how versatile fintech can be. Fintech occurs in the shopping, mobility, food delivery and identification platforms and applications we use on a daily basis. It helps you track your carbon footprint, save funds for retirement and simply just order that birthday present for your loved one. With the platformization of many services and products, fintech will only be more present in our lives going forward. That’s why, come New Year’s eve, we will raise our glasses for the next fintech success stories the Nordics are bound to create, in 2021.
We will begin the year with a free webinar Monetizing Open Banking: Part 2 on January 13th. Meanwhile, we wish you a happy New Year!
This is Nordic Fintech Snippets, the combined effort of all the Nordic Fintech Hubs, sharing the most important and latest news in fintech and digital finance from each country.
Nordic highlights
Tink, a Swedish open banking start-up, has landed another €85 million following a year full of overseas acquisitions
ReceiptHero, the Finnish fintech that has built an open ecosystem for banks and merchants to power itemised digital receipts, has raised €2 million in seed funding
Meniga, a provider of AI-driven digital banking solutions, has partnered with Swedbank, a bank in the home markets of Sweden, Estonia, Latvia and Lithuania, to launch new services to increase customer engagement.
Country specific news
Finland
ReceiptHero raises €2 million seed round to scale digital receipts into new markets
WORLDLINE AND P3 FINANCIAL GROUP TO EMPOWER PAYMENT ECOSYSTEMS OF THE FUTURE IN NORDICS AND THE EU
Tomorrow Tech is the Most Revolutionary Fintech of 2020
Zurich Invest AG chooses FA Solutions
ReceiptHero and Worldline support the move from paper receipts to digital checkout
Denmark
Pension fund Velliv pioneered open banking payments in Denmark
Danske Bank reveals 500 job cuts and redundancies
Nasdaq Ventures invests in ESG insight firm Matter
Iceland
Swedbank and Meniga launch digital banking solution
Central Bank of Iceland deploys new RTGS with SIA
Sweden
Top 5 FinTech companies leading the Swedish market
Tink lands €85m for continued expansion into 2021
Swedish startup Juni fuses with Lithuanian fintech community
Klarna bridges the gap between print and digital in Cosmo’s instantly shoppable holiday issue
VILJA RECEIVES DI GASELL 2020 AWARD
Norway
LifePlanner to get NOK 5.2M in grants and equity.
Future events
13.1. Monetizing Open Banking: Part 2
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