Nordic Fintech Highlights – April
April in brief
Let’s unwrap what happened in fintech and finance in the Nordics in April. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.
Funding
April saw a resurgence of bigger funding rounds, with Denmark’s Ageras securing €82M and Flatpay raising €45M to lead the way. Despite only 8 rounds, each investment was fairly significant.
Partnerships
In addition to the popular trend of A2A payments, Klarna is forging new partnerships to further its expansion into the US market. Cloud banking is also making waves in the industry.
Banks
Alisa Bank is expanding its BaaS partnerships within the accounting sector by teaming up with Accountor and merging with Puro Finance.
Meanwhile, SpareBank 1 Gruppen has taken the lead as the majority stakeholder in Kredinor, while Ikano has made a strategic move by acquiring Nordnet’s consumer finance portfolio.
The traditional banking sector is buzzing with exciting developments as well.
Have a look at the news from April below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Basware launches AI-enabled solution
Alisa Bank and PURO Finance agree on a combination
Alisa Bank and Accountor introduce a new type of business bank account
Aico Receives Majority Equity Investment from Global Software Investor Accel-KKR
Holvi With Significant Growth In 2023
N26 launches joint accounts in 21 markets
NIB and Aktia to support SMEs and environmental projects in Finland
Mobile payment app Pivo will be closed down
Wharton starts using Upright’s data for pioneering research on monetized impact
Swedish open banking vendor to open office in Finland
Municipality Finance issues a GBP 25 million tap under its MTN programme
Denmark
Danish fintech Ageras raises €82m for acquisitions
Formalize secures €15M series A funding to expand compliance operations platform
Denmark’s digital challenger Lunar secures €24.1m to expand across the Nordics
Copenhagen-Based Legal Tech Co. Raises $1M To Fuel Growth
Danish challenger bank Lunar trials voice-enabled AI-powered chatbot- voiced by CEO
Matter launches Nature Impact & Dependency
Clearhaus Leverages Ryft FCA Licence and Tech to Scale into UK Market
Viabill reports record profits, eyes European expansion
Sweden
Gilion secures €10M equity round to fuel expansion of its Growth & Funding Platform
Brite launches Instant Payments in Germany
Klarna to launch its credit card in the US
Visa launches open banking with Tink in the US
6G Digital acquires 25% stake in FlexM Global for USD 12.5 mln
Bambuser acquires Klarna’s tech solution
Ikano Bank to buy Swedish consumer finance portfolio worth SEK 3.8 billion
Rocker was acquired by Nordiska kreditmarknadsaktiebolaget
Brite delivers open banking instant payments to Shopware merchants
Klarna and Expedia expand partnership to US
Splitwise and Tink Collaborate to Make Direct Payments Possible With Pay by Bank
Qred selects Vilja Platform to deliver their next-generation deposit offerings
Qred to offer Sweden’s highest interest on saving accounts with bank guarantee
Scayl comes out of stealth with its “fintech for fintech lenders” and €100M funding
Swedbank integrates anti-financial crime into group products and advice
Norway
Signicat Introduces InstantKYC and InstantKYB for smooth onboarding
SpareBank 1 Gruppen becomes the majority owner of Kredinor
Neonomics selected by Endavu to scale investment app via open banking
Aker ASA – Successful Bond Issue
Token launchpad Fjord Foundry raises over $15 million in its token pre-sale
Norway targets cryptocurrency mining with data centre law
Signicat integrates mojeID Poland into its digital identity portfolio
Future events
15.5.2024 AI Masterclass
Helsinki
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