Denmark

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

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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

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Banking Circle Joins the Danish National Clearing System

B2B payments specialist Banking Circle announced that it has joined the Danish national intraday clearing system. Through Banking Circle as a direct clearing participant, payments businesses and banks can now pay out and collect payments locally in Denmark on behalf

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PayAlly Partners Nets for Issuer and Acquirer Processing Services in the UK

Denmark’s payment provider Nets Group and PayAlly, a London-based payment services provider, have entered into a partnership for full issuing and acquiring processing services in the United Kingdom. Nets will deliver a full issuing services product suite, starting with a

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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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