Denmark
Danish Challenger Bank Lunar Snaps Up Payments Firm Paylike
Danish neobank Lunar announced that it has acquired Paylike, a full-stack European payment platform for an undisclosed sum. With this move, Lunar gains a gateway that will make it possible for its business customers to receive payments from their clients
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Danish Neobank kompasbank Selects Mambu To Roll Out SME Lending
Newly-established Danish small and medium-sized enterprise (SME) bank kompasbank announced their go-live on Mambu’s Software-as-a-Service (SaaS) banking platform. On Mambu’s cloud-native banking platform, kompasbank said that it was able to build fast and flexible customer onboarding, loan and deposit processes.
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Nets Extends Partnership With Estonia’s LHV Bank, Adds Issuing Services in the UK
Nets, a payment services provider based in Denmark, has extended their long-term partnership with Estonia’s LHV Bank, while adding new issuing services for the latter’s British subsidiary, LHV UK Limited. The extended partnership will see Nets continue to deliver full
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Voyager Digital Snaps Up Crypto Payments Firm Coinify for US$84 Million
Voyager Digital, a publicly-traded cryptocurrency platform in the United States, announced the acquisition of Denmark-based cryptocurrency payment platform Coinify. According to CoinDesk, the deal valued at about US$84 million in stock and cash. Under the terms of the share purchase
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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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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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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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Danish PFM Platform Spiir Released the Beta Version of Its App in the Baltics
Danish personal financial management (PFM) app Spiir announced that it has launched a beta version of its app in the Baltics ahead of their recent expansion into Estonia, Latvia and Lithuania. The team behind the app has made a special
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Nets Completes the Sale of Its Account-to-Account Services Business to Mastercard
The Nets Group, a payment provider in Europe, announced the completion of the sale of its account-to-account based services, including clearing, instant payment services, and e-billing solutions, to Mastercard for €2.85 billion. This follows the successful conclusion of the remedy
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Nordic Countries Emerge as Front-Runners in Open Banking Adoption
The Nordic countries are placing themselves at the forefront of the open banking movement. In Denmark, Finland, Norway and Sweden, traditional financial institutions and fintechs are rapidly embracing the trend which they perceive as a major opportunity for their businesses,
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