Nordic Fintech Highlights – December
Welcome to this month’s edition of Nordic Fintech Highlights!
As we bid farewell to December 2024, let’s take a moment to explore how Fintech Farm can elevate your business in the coming year!
If you’re aiming to enhance your presence in the Finnish and Nordic markets, our market entry services are designed to support you. From in-depth market insights to boosting brand visibility and strategic matchmaking, discover how we can assist you.
Digital Banking Academy is our service where we grow digital bankers. With a strong focus on regulation, we’re rolling out new courses every month. Up next is a complimentary online live training on Sanctions happening next Tuesday.
Don’t forget to explore our vibrant event calendar, featuring everything from intimate gatherings to the flagship Nordic Fintech Summit on May 15th!
December in brief
As we close out the year, let’s spotlight four key trends from 2024.
- Funding remains subdued, with only a handful of seriously notable rounds. Yet, we’re witnessing a remarkable rise in mature fintechs flourishing independently of external funding.
- Nordic Fintech is expanding its horizons, with an unprecedented surge in international ventures.
- The momentum of Open Banking is undeniable, with A2A payments capturing weekly attention in the news.
- Banks are actively engaging in fintech partnerships and M&A activities. Notably, several Nordic banks are making significant strides toward becoming BaaS providers.
Funding
This month, the spotlight shines on Swedish corporate spend solutions company Mynt, which successfully secured €22M in funding. Additionally, we observed several early-stage rounds that remain under wraps, hinting at exciting developments on the horizon.
Partnerships
Enfuce is making headlines with its dynamic partnerships, teaming up with Alisa Bank and tell.money. They also joined forces with Humla and SEB Embedded to introduce a co-branded grocery payment card for Hemköp, setting a new standard in collaborative innovation.
Banks
Danske Bank is once again capturing attention. Qred has joined hands with ERP company cspaar to offer loans through embedded finance solutions. Meanwhile, Oma Savings Bank is taking a step forward by extending its partnership with Samlink for another three years, modernizing its lending operations.
Have a look at the news from December below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
SilentBerry Secures Investment to Revolutionize Blockchain-Based Book Publishing
Series A – Express Tips – 2024-12-05
Seed Round – Gevulot – 2024-12-05
Draivi Announces Expansion into Vietnam
Draivi Expands to Mexico with Finan.mx
tell.money Partners with Enfuce to Deliver PSD2-Compliant Open Banking Services for Their Customers
Enfuce and Alisa Bank launch business credit card for SMEs in Finland
Discover which lawyers and law firms are ranked top for FinTech Legal in Finland
Lithuania’s HeavyFinance partners with Multitude Bank to fund regenerative agriculture practices
Oma Savings Bank and Samlink – Together Towards Better Loan Solutions
Tietoevry Banking integrates Visa Direct to its Payment Hub
Municipality Finance issues a EUR 100 million tap under its MTN programme
Denmark
Lunar begins mortgage lending in Sweden
Lunar Rolls Out Major App Update: a Game-Changer in Hyper-Personalized Banking
Lunar launches Moonrise for enterprise payments in the Nordics
French regulator approves Ageras’ takeover of Shine from SocGen
cspaar and Qred Bank AB join forces to boost Danish SMEs with flexible financing
Konsolidator completes private placement
Sweden
Swedish Fintech Mynt Closes €22 Million Series B to Scale Its Corporate Spend Management Solution
Klarna raised $4.3M on 2024-12-13 in Venture Round
Enfuce, SEB Embedded, and Humla launch co-branded grocery payment card for Hemköp
Klarna to be available on Apple Pay in-app and online in Canada
Swish, the largest payment app in Sweden, enables payment cards directly in the app
eBay and Klarna extend partnership to bring BNPL to new markets
Acathia Capital raises stake in Swedish pensions platform Futur
Swedish regulator fines Klarna Bank USD 46 mln for AML rule violations
Nowonomics signs conditional credit line agreement with major shareholders
Major shareholder Marna Förvaltning sells shares in Stockwik for SEK 5.6 million
Norway
Norway’s Vipps launches world’s first Apple Pay rival for iPhone
Two partners with ABN AMRO to modernise B2B ecommerce payments
Kameo chooses Neonomics’ NelloPay for Open Banking services
Norwegian fintech startup is acquired by Sokin to strengthen European payments presence
STOREBRAND ASA: Signed a EUR 200 million sustainability-linked Revolving Credit Facility
Zwipe AS – Issuance of New Convertible Loan
Future events
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