Nordics

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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Finnish Card Issuer Enfuce Picks Up EUR 45 Million to Drive Global Growth

European Card-as-a-Service (CaaS) platform Enfuce has raised EUR45 million in a Series C round. The round was led by growth investor Vitruvian Partners, with participation from Tencent, a statement from the company said. The funding will be used to drive

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IKEA Inks Partnership With Trustly to Enhance Global Payment Experience

Trustly, a global payments platform for digital account-to-account transactions, has announced a partnership with IKEA. Through the partnership, Trustly will enable IKEA’s shoppers to pay for their purchases directly from their online bank account. The collaboration also equips IKEA with

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BNPL Giant Klarna Acquires Shopping Comparison Site PriceRunner

Swedish Buy Now, Pay Later (BNPL) platform Klarna announces it has signed an agreement to acquire shopping comparison site PriceRunner. Details of the deal were not disclosed. PriceRunner will bring new features in the form of product reviews, rich product

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Finnish Fintech Saldo Receives European Central Bank’s Specialised Banking License

Saldo Finance, a subsidiary of Finnish Saldo Finance Plc, has been granted European Central Bank’s (ECB) specialised banking license in Lithuania. ECB’s specialised banking license will make it possible for Saldo to accept deposits, grant loans and provide funds transfer

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Stockholm Sees Growing Green Fintech Space

Sweden’s credentials in sustainability and Stockholm’s vibrant fintech ecosystem are converging into a flourishing green fintech market where players are gaining traction and starting to expand globally. This booming sector is highlighted in the 2021 edition of the yearly Stockholm

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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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Swedish Fintech Juni Extends Series A With Additional US$52 Million

Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has secured US$52 million in funding led by EQT Ventures, to add to the US$21 million already raised from their Series-A round in late June this year. This boosts

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