Nordics

ePassi Acquires 2 Key Players to Cement Its Nordic Position for Employee Benefits

ePassi Payments, a Finnish mobile payment solution for employee benefits, has entered an agreement to acquire Sodexo Benefits and Rewards Services’ (BRS) business in Nordics, including Sodexo Pass Sweden and the Finnish company Eazybreak. Bregal Milestone remains the majority shareholder

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Swedish Central Bank Extends Digital Currency Pilot Project e-Krona Until 2022

Sveriges riksbank, the central bank of Sweden, announced that it will be extending its central bank digital currency (CBDC) pilot project named e-krona to the end of February 2022. Riksbank conducted the pilot project in partnership with Accenture, to develop

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Swedish Neobank Northmill Raises US$30 Million

Northmill Bank, a Swedish neobank, raised US$ 30 million (SEK 250 million) in a funding round led by M2 Asset Management, a Swedish investment company controlled by Rutger Arnhult, and the institutional investor and asset management firm Coeli. Northmill Bank

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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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Svea Finland Ties up With Nordic API Gateway to Boost E-Commerce Checkout

Payments service provider Svea and Nordic API Gateway, Denmark’s open banking platform, signed a new partnership that is set to boost e-commerce checkout for a wide range of merchants in Finland through the latter’s platform. The open banking platform is currently

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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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4 Companies to Know in Denmark’s Booming Fintech Sector

The Danish fintech startup scene has grown significantly over the last few years, rising from only 70 fintech companies in 2015 to more than 250 in 2021, according to numbers from industry trade group Copenhagen Fintech. In 2020, Danish fintechs

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