Sweden

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

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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

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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

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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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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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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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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

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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.

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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

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Swedish Central Bank Pilots Phase 2 of E-Krona Project With Handelsbanken

The central bank of Sweden Riksbank pilots phase two of its e-krona project with Swedish bank Handelsbanken and TietoEVRY, a Finnish IT software and service company providing IT and product engineering services. The pilot project run by the Riksbank aims

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