Nordic Fintech Snippets – September
In recent months we have been writing about money flowing into Nordic fintechs, especially to Sweden and Denmark in the massive funding rounds of Klarna, Pleo and Lunar. Now we are happy to tell about the first monster round in Finland, which was just yesterday reported by AlphaSense, when they secured $180 million. If you are not familiar with the company, we wrote an article about them earlier this year.
Besides many investments, September brought the Nordics two new global innovation labs, several new partnerships and transactions. In response to Visa’s Tink acquisition, Mastercard acquired Danish Aiia, and yes, IKEA acquired a stake in a BNPL firm. We predict IKEA to be one of the most interesting players in finance in the coming years.
This is Nordic Fintech Snippets, the combined effort of all the Nordic Fintech Hubs, sharing the most important and latest news in fintech and digital finance from each country.
Country specific news
Finland
Bankify launches Smart Savings app on Finastra’s FusionFabric.cloud
Zevoy announced raising €3.8 million from Maki VC and Brightly Ventures
Index Helsinki taps FA Solutions as technology partner
Huawei Launches Innovation Lab for Digital Finance and Security in Helsinki
Enfuce joins The Climate Pledge and commits to achieve net zero carbon emissions by 2040
Denmark
Mastercard expands open banking reach through Aiia acquisition
Subaio steps into ‘death tech’ space with ABN Amro
Ageras Group Buys Finnish Invoicing Software Zervant in Acquisition Spree
Iceland
Sweden
Mastercard launches global Sustainability Innovation Lab
Anyfin in a $10 million series B extension backed by Augmentum.
Swedish payments platform Billogram lands $45m investment
SaveLend Group acquires Finnish P2P pioneer Fixura
IKEA parent company Ingka Group invests $22.5m in BNPL fintech Jifiti
Carbon calculator Doconomy raises $17 million
Hedvig banks $45M to expand its millennial-focused insurance service in Europe
Norway
DNB and Aprila Bank to offer Aprila Credit Line to SMEs through DNB channels
AI accounting platform Vic.ai lands $50m in Series B funding round
Signicat acquires e-signature firm Dokobit
Future events
12.10. Nordic Fintech Trends 2021 – #Sweden
18.11. Nordic Fintech Trends 2021 – #Iceland
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