Nordic Fintech Highlights - January 2025

Nordic Fintech Highlights – January

Can you believe it’s already been ten years since the Nordic Fintech movement began across the region in various Nordic Fintech Hubs?

To honor a decade of groundbreaking innovation and collaboration, we’re celebrating this milestone in our monthly updates. The grand celebration will unfold at the Nordic Fintech Summit on May 15th in Helsinki. Remember to secure your early bird ticket before the offer ends this Thursday!

We’re also launching our brand-new Fintech Strategy Talk Series on LinkedIn Live, starting February 21. Every two weeks, we’ll host in-depth discussions on the trends and challenges shaping the future of financial innovation and strategic leadership.

For the first episode, we want your perspective on what you believe are the most critical strategic directions or trends that will shape the fintech industry over the next decade, and why. Share your input here.

Also, don’t forget to explore our vibrant event calendar, which features new events nearly every week!

January in brief

2025 started with a fairly quiet month. The biggest buzz came from the blockchain and crypto space, where we saw both funding and launch news, including the debut of the first MiCA compliant meme coin.

Funding

Only a few funding rounds per month seem to be the new normal in the Nordics. The largest round came from the Icelandic blockchain infrastructure company Lava Network, which secured $12M. The decentralized finance platform Thena also received an investment from Binance, showing steady interest in the category.

Partnerships

On the partnerships side, Enable Banking was on fire, forming three new alliances, including one with Swedish bank Qred. Additionally, Swedish alternative payment methods are taking steps globally, with industry leaders like Swish and Klarna driving these advances and expanding their international presence.

M&A

Norwegians were busy in the M&A space as Axo Group acquired the Swedish-based Zmarta Group, integrating its digital personal finance comparison services, energy price comparisons under the Elskling brand, and insurance distribution from Insplanet. Additionally, Neonomics acquired the UK Open Banking platform Ordo.

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

Future events

19.3. AML Arena: Pakotepäivä 2025
Helsinki

15.5. Nordic Fintech Summit 2025
Helsinki

4.6. AML Arena 2025
Helsinki

4.12. Nordic Banking Forum 2025
Helsinki

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Nordic Fintech Highlights – January 2025