Nordic Fintech Snippets – November
Welcome to our monthly industry review.
December is here, which means that the #1 banking event of the year is next week. Besides the excellent speakers from banks and tech companies, Digital Finance Forum also comes with the Finnish Fintech of the Year finals!
Get to know the finalists here. If you don’t have a ticket yet, you can still register for the event over here.
Below you can find the industry insights, including funding rounds, partnerships, acquisitions, and new launches.
You can find all the monthly Nordic Fintech Snippets from the past over here.
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.
Country specific news
Finland
Coinmotion suspends co-operation with Finnish cryptocurrency lender
Enfuce wins ‘Mobile Payments Award’ at the prestigious FF Awards
Holvi introduces virtual debit cards
Zevoy is now available in Latvia and Lithuania
Amsterdam’s Oneplanetcrowd and Helsinki’s Invesdor Group announce merger
Enable Banking joins Temenos Banking Cloud
S-Bank taps Worldline for real-time fraud detection and prevention
Nordea partners Boost.ai for “chat-first” virtual agent drive
Denmark
Scaleup Finance raises USD 8 million in record-breaking seed round
Danish financial edtech Female Invest buys trading platform Gaia
Pleo and TravelPerk team up for travel expense automation
Danish national rail operator adopts SoftPOS tech from SoftPay and Nets
Jyske Bank Accused of AML Violations by Danish Regulators
Danish fintech Pleo cuts workforce by 15%
Impero A/S to raise DKK 7M in a Private Placement
Sweden
Stockholm-based startup Atlar raised a $5 million (€5 million) seed round led by Index Ventures.
Swedish startup raises €4M pre-seed to launch the next generation e-Commerce data platform
Vaens and Astorya.vc back €1.1 million round for net zero insurance data startup Claims Carbon
Swedish fintech startup raises €758K in a pre-seed round
Swedish fintech Dreams pivots from consumer-facing to B2B
Klarna Adds Shop and Compare Tool in UK, Sweden and Denmark
SEB sets up new BaaS unit, SEB Embedded
Tink Launches Balance Check For Smoother Direct Debits
Zimpler expands its operations to Latin America
Fingerprints partners Tag Systems to launch biometric payment cards
Infineon partners Fingerprints to improve biometric payment cards
Viva Wallet partners with Klarna
Payer partners with American Express to accept B2B payments in the Nordics
Juni trims one-third of its workforce in second round of layoffs
Klarna Q3 losses double; forecasts profitability in 2023
The merger between Nordax Bank and Bank Norwegian has been completed
Norway
Stripe backer invests in $3.1M round of Oslo-based compliance automation startup Kosli
Kravia collects 41 million and negotiates with takeover candidates
Visma buys a Danish fintech company and continues its acquisition spree
Neonomics and Worldline sign long-term open banking partnership
Iceland
Iceland’s largest telecom Síminn expands into payments through Enfuce’s Card as a Service
Arion Bank and Lucinity Join Forces in the Fight Against Money Laundering
Future events
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