Nordic Fintech Highlights – October
Welcome to this month’s edition of Nordic Fintech Highlights!
Before we dive into this month’s exciting updates, a quick reminder: Have you secured your spot for the Nordic Banking Forum in Helsinki on November 28th? It’s an event you absolutely can’t afford to miss, and today is your last chance to grab the pre-ticket offer!
Also, don’t forget to explore our event calendar at the end—it’s packed with everything from Capital Markets webinars to vibrant Slush parties.
October in brief
The fintech funding landscape has hit a pause, marking the fourth consecutive month of calm. While this trend echoes globally, the industry is buzzing with exciting developments, particularly in the realm of AI innovations.
Be sure to catch our monthly Highlight Podcasts with Fintech Daydreaming, where we deep dive into some news stories of the month.
Launches
Apple launched its Tap to Pay feature in Sweden, with immediate results as companies like Adyen, SumUp, myPOS, and Viva.com quickly announced their own iPhone Tap to Pay offerings. Additionally, a bunch of new AI-powered services were launched by Nordic fintechs.
Partnerships
As expected, the partnership scene was filled with open banking and payment solutions news. These solutions are applied across both business and consumer sectors, with a keen eye on regulatory and compliance factors that were prominently featured in the latest partnership announcements.
Banks
Q3 delivered solid results, just as anticipated. Danske Bank made headlines with several notable partnerships.
Banks were active in the M&A space as Multitude secured a stake in Lea Bank, TF Bank invested in Redeem Capital, and DNB made a strategic move by acquiring Carnegie.
Have a look at the news from October below and stay tuned for more!
You can find all the monthly Nordic Fintech updates from the past over here.
Country specific news
Finland
The biggest fintech companies and startups in Finland
N26 brings stock and ETF trading to 12 new markets – including Finland, Norway, and Denmark
Multitude p.l.c.’s subsidiary, Multitude Bank p.l.c. acquires a strategic stake in Lea Bank ASA
Qvik and CRIF join forces to revolutionize digital banking
Lowell signs three-year SaaS contract extension with Tietoevry Banking
Tietoevry Banking partners with Tapster
Changes in Nordea’s Group Leadership Team
Municipality Finance issues EUR 25 million notes under its MTN programme
Sortter has received a credit intermediary license from the Estonian Financial Supervision Authority
Nordea: Third-quarter results 2024
Denmark
Copenhagen Fintech Startup Monthio Secures € 11 Million in Series A Funding
Meet the first GenAI Native Voice Assistant in European banking
Saxo Bank unveils platform for UK investors
Visa Launches Spend Management Partnership With Denmark’s Cardlay
Profile Centevo and Danske Bank sign a multi-year fund management deal
Danske Bank and Klarna make recurring payments via Swish
Danske Bank implements Broadridge’s proxy voting tech
SimCorp appoints Ulrik Modigh head of business services
More banks join Surecomp’s trade finance ecosystem – including Danske Bank
Sweden
Charly must solve the “motherhood penalty” – secures new millions and is backed by Hagströmer
Investment for Public Business Information Firm Quartr
Åhléns lanserar digitalt Mastercard och Åhléns Club
Sweden and Denmark to initiate real-time cross currency settlement via Target Instant Payments
Meet Merchant Information: providing bank customers with elevated transaction visibility
DNB Bank ASA acquires Carnegie – Accelerates Nordic strategy and growth in fee-based income
Mastercard agrees to buy subscription management startup Minna
Swedish startup Parsly acquired by Buyers Edge Platform, eyes European and U.S. expansion
Swedish bank SEB hit by drop in interest income
Finshark enhances Financial Crime Prevention with Lucinity’s AI-powered platform
Juni expands partnership with Salt Edge to offer Open Banking features
Klarna expands its collaboration with Worldpay
Vilja and Whistlebrook enter strategic partnership
Finshark welcomes Casper Munk Christiansen as Head of Risk and Compliance.
Hoist Finance successfully issues SEK 750 million senior preferred bonds
Klarna BNPL integrates with Apple Pay
Klarna sells UK loan book to hedge fund Elliot Avdisors
Klarna Checkout rebrands as Kustom
Trustly on track to process $100 billion in 2024 via open banking payments
Adyen supports Tap-to-Pay on iPhone in more European markets
Viva.com, SumUp and myPOS roll out Tap to Pay on iPhone to more European markets
Mobile payments driving contactless dominance in Nordics as cash all but disappears
Norway
Neonomics and Facit Bank partner to streamline invoice payments with open banking
Neonomics partners with Frid to power Real-Time Categorized Transaction Data through Open Banking
Gjensidige Forsikring ASA: Successful issuance of Subordinated Tier 2 capital
Norway’s cashless economy drive halted by new cash payment rules
Iceland
Finshark enhances Financial Crime Prevention with Lucinity’s AI-powered platform
Future events
Helsinki
12.3. Talousrikollisuus Forum: Rahanpesupäivä 2025
Helsinki
15.5. Nordic Fintech Summit 2025
Helsinki
Do you want to receive monthly Nordic Fintech Highlights to your email? Subscribe below:
