Nordics

9 Fast-Growing Fintechs from Finland

Finland is home to more than 200 fintech companies, which have raised a combined EUR 450 million in funding, and generated EUR 1.3 billion in revenue in 2019, data from industry trade group Fintech Farm Helsinki show. These fintechs have

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Returpack Selects Payer to Digitise Payouts in Swedish Recycling Scheme

Returpack, a Swedish privately owned company that aims to increase recycling, has selected fintech startup Payer to develop a new IoT technology with the aim to create an easy digital payout experience for consumers. Payer was chosen to develop the

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e-Passi Enables Payments With Finnair’s Reward Points in Finland

Finland-based mobile payments platform ePassi has launched a unique collaboration with Finnair where members of their frequent flyer program can now pay for services with Finnair Plus points at the former’s merchant sites around Finland. ePassi, operating in Finland and

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Iceland-Born Fintech Meniga Closes €10 Million Investment Round

Meniga, a provider of digital banking solutions founded in Iceland, announced that it has closed a €10 million strategic investment round. The round was led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round

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Finnish Payments Firm Enfuce Raises €7 Million in Funding Round Led by Tencent

Nordic-based card issuing and payment processing services provider Enfuce has raised €7 million in Series B funding led by Tencent who had invested €5 million in the company. Meanwhile, Enfuce’s prior investors Maki.vc invested the other €2 million, bringing the

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Opera Hires PayPal’s Former Exec as New EVP for Its Fintech Arm Dify

Opera Limited, a browser provider headquartered in Oslo, announced that it has hired PayPal veteran Allen Hu as the new Executive Vice President (EVP) of Dify, which is the browser’s fintech arm. An expert in financial technology and payments, Allen

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Swedish Banking Platform Juni Selects TruNarrative’s Regtech Solution

Juni, a Swedish-based banking platform for e-commerce and online marketing companies, has selected regtech TruNarrative to deliver compliance and onboarding technology. This move will provide Juni the capability to successfully onboard and monitor their individual and business clients. The Juni

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Nets Completes the Sale of Its Account-to-Account Services Business to Mastercard

The Nets Group, a payment provider in Europe, announced the completion of the sale of its account-to-account based services, including clearing, instant payment services, and e-billing solutions, to Mastercard for €2.85 billion. This follows the successful conclusion of the remedy

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Klarna’s Open Banking Solution Extended to 8 More European Markets

Swedish payments firm Klarna announced the expansion of its open banking solution across eight more European countries, which now includes Portugal, Denmark, Luxembourg, Ireland, Croatia, Estonia, Lithuania and Latvia. As part of the latest expansion, Klarna also introduced the “Account

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Volvo Cars to Be Fully Electric by 2030 and Sold Exclusively Online

Volvo Cars plans to to become a fully electric car company by 2030 and sell them exclusively online by then. The company intends to only sell fully electric cars and phase out any car in its global portfolio with an

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