Nordics
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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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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