Nordic Fintech Highlights – July
Typically, July tends to be a quieter month, but we still managed to uncover some exciting news.
As we gear up for the second half of the year, we look forward to keeping you updated on all the exciting things we have in store. Enjoy your read!
July in brief
Let’s delve into the exciting developments in fintech and finance across the Nordics during the month of July. You may also want to check out our podcast with Fintech Daydreaming, where we dive deep into a few specific monthly topics.
Funding
July turned out to be as calm as expected, but it was a pleasant surprise to see 3 Finnish fintechs securing funding. This positive development comes after a rather subdued start to the year.
Partnerships
Biometrics continues to play a prominent role in our monthly partnerships, with Swedish companies maintaining their visibility. While it has been a relatively quiet month overall, payments are flowing as usual.
Banks
As the Q2 results roll in, Nordic banks are showing strong and expected performance, with a settling trend in interest rate profits.
In other news, Nordea is currently dealing with legal matters in Denmark related to past money laundering issues.
Additionally, Handelsbanken Norway has embarked on a significant 5-year partnership with Tietoevry Banking for a major IT transformation across their entire portfolio, encompassing core banking systems, card services, and more.
Have a look at the news from July below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
Finnish startup secures €2.9M to expand digital platform for restaurants
ReceiptHero completes new funding round
SME banking technology provider wamo raises $5 million
Saldo Bank expands operations into payment services and launches a VISA credit card
Accountor and Vitruvian announce KKR investment to support next chapter of growth
AMD to buy Finnish start-up Silo AI for $665mn in drive to compete with Nvidia
Municipality Finance issues EUR 5.5 million notes under its MTN programme
Nordea failed to check €3.8BN Russia transactions as bank charged with AML offences in Denmark
Nordea: Half-year results 2024
Denmark
Female Invest targets US after netting £8.7m investment
OpenLedger Secures $8M Seed Funding Led by Polychain Capital and Borderless Capital
Kompasbank secures €175m guarantee from EIF to “take on riskier lending segments” in Denmark
Danske Bank: Interim report for the first half of 2024
Sweden
Etraveli Group partners with Outpayce
Fingerprints and IN Groupe launch biometric payment card
Fingerprints and Valid to launch biometric payment card in Brazil
Gimi & Nordea partner to promote financial health for the next generation!
Surfboard Payments and Cardstream team on embedded payments
Klarna integrates new payment service for improved security
Söderberg & Partners raises EUR 265 million
Handelsbanken’s Interim Report
Swedbank’s Interim report for the second quarter 2024
SEB’s results for the second quarter 2024
Norway
Handelsbanken Norway extends Tietoevry Banking deal
DNB: High customer activity and strong results
Future events
Do you want to receive monthly Nordic Fintech Highlights to your email? Subscribe below:
