Archive
Zurich Insurance Group to Acquire Estonia’s AI Firm AlphaChat
Zurich Insurance Group has agreed to acquire Estonia-based conversational AI company AlphaChat. AlphaChat’s customer service automation technology will help to enhance Zurich Insurance Group’s conversational AI capabilities, and support the development of Intelligent Virtual Assistants for both internal and external
Read More
Revolut Granted Lithuanian Banking License by the European Central Bank
Revolut has received a banking license issued by the European Central Bank, following a proposal by the Lithuanian central bank. The company will now provide payment services in addition to its current activities of accepting deposits and granting loans in
Read More
Estonian Investment Marketplace Raison Valued at US$11.5 Million After Seed Funding
Estonia-based late venture investment marketplace Raison has secured US$900,000 in a seed funding round. The round values the company at US$11.5 million, and was led by family office Server Partners, according to a statement by the company. The company will
Read More
E-Payment Transactions in Lithuania Grew to EUR157.6 Billion in Q3
The value of payment transactions by electronic money and payment institutions in Lithuania grew 6.3x year on year, and their income from licensed activities grew 4.8x, in Q3 this year. According to the Bank of Lithuania, the value of payment
Read More
Spend Management Startup Pleo Extends Series C With Additional US$200 Million
Denmark-based B2B spend management service Pleo has raised US$200 million in a Series C extension round. It now brings the company’s total Series C round to US$350 million. The round was raised at a valuation of US$4.7 billion, according to
Read More
The Biggest Fintech Funding Rounds of 2021 in the Nordics
The fintech industry in the Nordic region, which comprises Denmark, Finland, Iceland, Norway and Sweden, saw strong funding growth in 2021 with record deal amounts. Out of the ten biggest funding rounds announced this year, Sweden leads the chart with
Read More
Finnish Card Issuer Enfuce Picks Up EUR 45 Million to Drive Global Growth
European Card-as-a-Service (CaaS) platform Enfuce has raised EUR45 million in a Series C round. The round was led by growth investor Vitruvian Partners, with participation from Tencent, a statement from the company said. The funding will be used to drive
Read More