Archive
Estonian Central Bank Talks About Digital Euro Experiment Results
Eesti Pank (EP), the central bank of Estonia, carried out a research project to assess one possible technical solution for a digital euro along with the European Central Bank (ECB) and the central banks of Spain, Germany, Italy, Greece, Ireland,
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In Europe, Nordic Countries Have the Most Advanced Open Banking Ecosystems
In Europe, the Nordic countries of Sweden, Denmark and Norway have the most advanced open banking ecosystems. Trailblazing regional regulatory regimes, highly developed digital infrastructures, and a pan-Nordic collaborative approach have enabled these countries to take the lead over the
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Estonian Startup Payqin Closes €300K Seed Round To Grow Its E-Wallet Service in Africa
Estonia-based cross-border payment startup PayQin has raised €300,000 in a seed funding round, pushing the startup’s total funding to US$1 million. Founded in 2017, PayQin operates a comprehensive e-wallet service in West Africa for the unbanked and underbanked population. Its
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Lithuania’s Paysera Gets Green Light to Operate in Ukraine
The National Bank of Ukraine has given the green signal to Lithuania-based fintech startup Paysera to operate in the country. Paysera has been included in the country’s Register of Payment Systems and after technological arrangements, it will offer money transfers
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Bank of Lithuania Warns Binance for Unlicensed Services, Misleading the Public
The Bank of Lithuania has warned a virtual currency exchange operator Binance about its unlicensed investment services provided in Lithuania and ordered the company to ensure that its publicly available information is not misleading. The Bank of Lithuania has also
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Danish Neobank Lunar Scores EUR 210 Million in Series D Joined by Tencent
Nordic challenger bank Lunar announced a EUR 210 million series D funding round led by family-owned investment company HEARTLAND. Other investors included Kinnevik, one of Europe’s leading growth investors, and Tencent, a leading China-based technology company. Alongside the lead investors,
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Swedish E-Commerce Banking Platform Juni Raises US$21.5 Million
Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has raised US$21.5 million in Series A financing. The firm said that the funding came from partners of DST Global, Felix Capital and additional follow-on from Cherry Ventures and
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Pleo Becomes the Latest Danish Fintech Unicorn With US$150 Million Fundraise
Danish fintech Pleo announced that it has raised US$150 million in a Series C funding round to become a unicorn with a company valuation of US$1.7 billion. The Series C round was co-led by Bain Capital Ventures and Thrive Capital,
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Sweden’s StockRepublic Raises EUR 2 Million, Partners With Commerzbank
StockRepublic, a Swedish social trading platform for retail investors, announced that it has secured EUR 2 million. The investment round was led by the Swedish venture capital fund Uequity and Commerzbank Group’s early-stage investor main incubator, together with well-known business
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Norway’s Digital Identity Specialist Signicat Acquires Spanish Rival eID
Norway-based digital identity specialist Signicat has acquired Spanish Electronic IDentification (eID) which offers complementary solutions for an undisclosed sum to strengthen its European presence. The joint offering aims to provide the highest level of security and compliance of digital identity
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