Sweden
Mastercard’s Accelerator Lineup Features Women-Led and Sustainable Startups
Mastercard has revealed the 15 tech startups that will be joining the fall edition of its Lighthouse FINITIV programme from Sweden, Estonia and Finland. This fall, the programme kick off in Stockholm, Helsinki and Tallinn while utilising the benefits of
Read More
IKEA Operator Snaps up Minority Stake in BNPL Firm Jifiti for US$22.5 Million
Ingka Investments, the investment arm of Ingka Group which owns and operates IKEA stores, has invested US$22.5 million in US-based Buy Now, Pay Later (BNPL) firm Jifiti, for a minority stake in the company. Ingka Group and Jifiti have a
Read More
Swedish Fintech Invoier Bags EUR 4.1 Million From the European Union
Stockholm-based fintech company Invoier, who has built and established a marketplace for fair and transparent trading of invoices, has secured a EUR 4.1 million equity funding from the European Innovation Council’s (EIC) Fund. Invoier’s marketplace enables SMEs to convert invoices
Read More
Checkin.com Acquires Estonian Identity Verification Firm GetID for EUR 8.1 Million
Stockholm-based Checkin.com Group announced that it has acquired GetID, an Estonian identity verification software provider, for EUR 8.1 million. Completion of the transaction is expected to take place during August 2021. Checkin.com provides a software that combines multiple UX-systems, data
Read More
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
Read More
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
Read More
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
Read More
Visa Inks Deal to Acquire Swedish Open Banking Platform Tink for US$2.2 Billion
Visa announced it has signed a definitive agreement to acquire Tink, a Swedish open banking platform, for 1.8 billion Euros (US$2.2 billion). Tink will retain its brand and current management team, and its headquarters will remain in Stockholm, Sweden. The
Read More
Nordea Taps Meniga’s Cashback Rewards Platform for Its Swedish Customers
Icelandic digital banking and finance solutions developer Meniga has signed a new partnership agreement with Nordea, a financial services groups in the Nordics, to continue the integration of its cashback rewards platform within the latter’s mobile banking app in Sweden.
Read More
Ukrsibbank Rolls Out Swedish Startup Dreams’ Financial Wellbeing Platform
Dreams, a Swedish provider of behavioural and engagement banking solutions, announced the launch of its financial wellbeing platform in partnership with Ukrainian commercial bank UKRSIBBANK BNP Paribas Group. The company’s financial wellbeing platform is now embedded into UKRSIBBANK’s mobile banking
Read More