Nordics

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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Danish Neobank kompasbank Selects Mambu To Roll Out SME Lending

Newly-established Danish small and medium-sized enterprise (SME) bank kompasbank announced their go-live on Mambu’s Software-as-a-Service (SaaS) banking platform. On Mambu’s cloud-native banking platform, kompasbank said that it was able to build fast and flexible customer onboarding, loan and deposit processes.

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Voyager Digital Snaps Up Crypto Payments Firm Coinify for US$84 Million

Voyager Digital, a publicly-traded cryptocurrency platform in the United States, announced the acquisition of Denmark-based cryptocurrency payment platform Coinify. According to CoinDesk, the deal valued at about US$84 million in stock and cash. Under the terms of the share purchase

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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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Danish Neobank Lunar Scores EUR 210 Million in Series D Joined by Tencent

Nordic challenger bank Lunar announced a EUR 210 million series D funding round led by family-owned investment company HEARTLAND. Other investors included Kinnevik, one of Europe’s leading growth investors, and Tencent, a leading China-based technology company. Alongside the lead investors,

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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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Pleo Becomes the Latest Danish Fintech Unicorn With US$150 Million Fundraise

Danish fintech Pleo announced that it has raised US$150 million in a Series C funding round to become a unicorn with a company valuation of US$1.7 billion. The Series C round was co-led by Bain Capital Ventures and Thrive Capital,

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Rapyd Inks Deal to Acquire Icelandic Payments Firm Valitor for US$100 Million

Rapyd, a global fintech-as-a-service company, has entered into a definitive agreement with Arion Banki to acquire Valitor, an Icelandic payments solutions company, for US$100 million. The acquisition of Valitor will complement Rapyd’s existing payment capabilities throughout Europe, as well as

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Danish PFM Platform Spiir Released the Beta Version of Its App in the Baltics

Danish personal financial management (PFM) app Spiir announced that it has launched a beta version of its app in the Baltics ahead of their recent expansion into Estonia, Latvia and Lithuania. The team behind the app has made a special

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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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