Nordic Fintech Highlights – February
We kicked off the new Fintech Strategy Talk series last week. In case you missed it, you can find the first episode and all future episodes in our Digital Banking Academy. Next episode Embedded Finance – Shaking Up Banking Forever is on Friday, the 7th. Make sure to sign up on LinkedIn.
We also hosted a Next Generation Credit Scoring Breakfast with Kreditz this week. Read the 7 key insights from the seminar over here.
Finally, keep your eyes and ears open. In the coming weeks, we will be sharing many updates regarding this spring’s main events, the Nordic Fintech Summit and AML Arena.
February in brief
February saw several Nordic fintech companies change ownership through M&A, while banks were particularly active in forming new tech partnerships.
Funding
A few smaller funding rounds took place in the financial software sector. Companies like Receipts, Bluebook, and Senseworks raised investments, showing that there are still plenty of opportunities to improve efficiency in financial backend processes. In addition, private secondary trading platform ReBloom secured pre-seed funding.
M&A
Nordic ownership in fintech decreased as several companies were acquired by foreign players. Danish Altapay was bought by French Market Pay, while GoGift was acquired by Waterland Private Equity and StoreBuddy by another Danish fintech company, Ageras. In Norway, CBA was taken over by British United Fintech.
Banks
February was also an active month for banks. Both OP and DNB announced partnerships with Worldpay, while Nordnet, which recently faced a security issue, teamed up with Broadridge. Alisa Bank continued to expand its Banking-as-a-Service strategy by forming a new partnership with the accounting firm Administer.
Have a look at the news from January below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Nomentia & Enable Banking Partner to Provide PSD2 API Connectivity
Worldline and OP Financial Group strengthen partnership with a new 12-year agreement
Backbase and Siili Solutions
join forces to accelerate banking
transformation in the Nordics
Finland’s DVV expands EU digital wallet testing with Amadeus
Municipality Finance issues EUR 10 million notes under its MTN programme
Kai Koskela nimitetty Säästöpankkiliitto osk:n toimitusjohtajaksi
Skandaalien keskellä rypevän Oma Säästöpankin tulos heikkeni selvästi
OP:n liikevoitto kipusi – Vauvoille satasen houkutuslahja
Heeroksen poistuminen pörssistä etenee
Nordean ja OP:n yhteisyritys sai kilpailuviranomaisen hyväksynnän
Denmark
Danish fintech startup’s €400K pre-seed fuels effort to make private stock trading more accessible
Danish e-commerce accounting tool Storebuddy acquired by Ageras for European growth
United Fintech acquires Commercial Banking Applications (CBA) with backing from leading global banks
Waterland Private Equity invests in Danish company GoGift, plans expansion strategy
Froda and Lunar extend embedded SME lending pact to Sweden
Lunar hires Nanna Bergmann to lead BaaS spinoff
Sweden
Swedish fintech startup raises $3M pre-seed to build AI solutions for the accounting industry
Swedish startup attracts €2.6 million to streamline audit processes and boost efficiency
Trustly and Kivra set a new standard for seamless digital payments in Sweden
Avarda and Avensia Announce Strategic Partnership to Elevate Branded Commerce Experiences
Qliro Expands Merchant Growth with Streamlined Onboarding and Compliance Powered by Bits Technology
Nexi and Klarna Partner to Boost Merchant Growth
Klarna Partners with FINN to Bring Flexible Payments to the Booming €8.5bn Car Subscription Market
Klarna signs with J.P. Morgan Payments to expand merchant services offering
Nordnet disables app after customers were logged into wrong accounts
Nordnet goes live with shareholder disclosure tech from Broadridge
Fintech Klarna targets US IPO in April
Klarna to bring flexible payments to car subscription market
Norway
Receipts raises 20MNOK in funding.
DNB signs up for Worldline’s Swift Service Bureau
Neonomics partners with FundingPartner
Signicat and Strise join forces to revolutionise KYC and AML compliance
Nordic fintechs Two and Avarda team on white-label payments service
Future events
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