Sweden

Swedish Payment Platform Billhop Raises €4 Million in Series A Funding

Billhop, a Swedish company which enables businesses and individuals to pay their invoices by credit card, has closed a €4 million Series A investment round from fintech venture firm Element Ventures. Billhop said that the latest investment from Element Ventures

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IKEA Makes Banking Moves With 49% Stake Acquisition in Ikano Bank

Ingka Group, the parent company of furniture retailer IKEA, announced that it has acquired a 49% stake in Ikano Bank with the option to acquire the remaining shares at a later date. The transaction is subject to approvals by the

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Crunchfish Implements Digital Cash on Cards

Crunchfish announces a new patent pending innovation with application number SE2150109-3 that extends offline frictionless mobile payments to also support payment cards. This is especially important in CBDC implementations as cards as a bearer instrument is important to ensure financial

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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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Swedish Minna Technologies Bags €15.5 Million in Funding Round Joined by Visa

Swedish fintech startup Minna Technologies has raised €15.5 million (£14 million) during a Series B fundraising led by Element Ventures with support from MiddleGame Ventures, Nineyards Equity and Visa, to help retail banks enable their subscription management offering. The new

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Swedish Open Banking Platform Tink Raises Its Valuation to €680 Million

European open banking platform Tink announced it has raised €85 million during an investment round extension, following its €90 million investment round in January. This brings the total invested in Tink this year to €175 million. The investment round boosting

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Swedish Challenger Bank Rocker to Pilot Biometric Card in 2021

In collaboration with IDEMIA, an augmented identification provider, Swedish bank challenger Rocker plans to launch a pilot for debit cards with fingerprint ID as part of its strategy to offer smart payment solutions across platforms by the first quarter of

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Amazon Expands Its Footprint to Sweden, Part of Its Europe Expansion Plan

Amazon has launched its first Nordic online store with the domain name of Amzon.se as part of its expansion plan into Europe. “We are thrilled to launch Amazon.se and to be able to offer Swedish customers a selection of more

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Voi: First Bonus Miles E-Scooter Credit Card for Europe

Swedish e-scooter rental company Voi is now offering its own Mastercard credit card issued by Advanzia Bank as part of its sustainable mobility initiative. It is a departure from the classic credit card miles reward programmes that are usually tied

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Nordea Takes Open Banking beyond PSD2

Nordea is launching Instant Reporting, a new Open Banking solution that enables corporate customers to access their own accounts and integrate real-time data with their own systems and processes. It is the first offering from Nordea that moves beyond legal

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