Nordic Fintech Snippets – February
February brought us plenty of great funding news, a few interesting new launches and clear signs of industry boundaries blurring.
The pace for the financial industry transforming in 2021 has been set high, and we are looking to discuss the topic more at Nordic Fintech Summit on March 17th. As a Nordic FIntech Snippets reader, you can join us with a 20% discount using the code ‘NORDICFINTECH’.
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
Klarna is currently working on a new share issue which could value the start-up at triple its $10 billion valuation, somewhere between $25 billion and $30 billion.
Ageras Group, a group of companies offering mission-critical accounting software for small-to-midsize businesses (SMBs), has raised $73 million to continue expanding its ecosystem into the world of B2B FinTech, a press release says.
Furniture retailer Ikea is to acquire a 49% stake in Ikano Bank with the aim of offering a full suite of banking services instore and online.
Country specific news
Finland
BBVA sells Holvi back to its Finnish co-founder
Fellow Finance secures institutional backing for consumer loans
Selma Finance raises 3.2 million euros
Wärtsilä and SEB in a ground-breaking test of secure data sharing
Cognizant pays a price for its acquisition in Finland
Denmark
Subscription management scale-up Subaio gains a €4 million Series A investment
Nordic API Gateway lands nine new bank partners in Bankdata deal
Mymonii to secure funding of DKK5 million.
Iceland
Sweden
Klarna’s valuation set to triple to $30bln, says report
Ikea acquires 49% stake in Ikano Bank
Swedbank co-founds European Cloud User Coalition
Digital bank Northmill secures $30m for European expansion
Klarna opens first bank account; eyes $500 million fund raise
Billhop secures €4M Series A investment
Riksbank extends e-krona testing
Norway
Norwegian web browser Opera launches fintech “Dify” in beta
17 Norwegian banks choose TietoEVRY’s open banking service
Future events
9.3. Icelandic FinTech Investor Pitches -Born Global
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