The Helsinki Fintech Farm has published a list of 20 fintech companies in Finland that have received the most funding as of June 2022, based on funding rounds that have been shared publicly.
The list of top funded fintech companies was published alongside Helsinki Fintech Farm’s annual rankings of the top startups, top scaleups and top established companies in Finland.
The 20 Top Funded Fintech Companies in Finland in 2022. Source: Helsinki Fintech Farm
AlphaSense, a market intelligence platform founded by Finnish founders that is now headquartered on Wall Street, tops the list with €442.3 million received so far.
Payment processor Enfuce came in second place with a much lower €62 million raised so far. Enfuce also came in seventh in terms of reported revenue on the top fintech scaleups rankings for 2022.
Business lending platform CrediNord came in third place having raised €48.4 million. The company came in eleventh place in terms of reported revenue on the top fintech startups rankings in 2022.
Lending platform Multitude and employee benefits app ePassi rounded out the top five having raised €48 million and €41.5 million respectively. Both made the 2022 top established fintech companies rankings.
The 20 top funded fintech companies in Finland in 2022
#1 – AlphaSense (€442.3M)
AlphaSense is a market intelligence and search platform founded in Finland with over 3,500 enterprise customers.
#2 – Enfuce (€62.0M)
Enfuce provides card issuing and payment processing services. The company last raised a €7 million Series B led by Tencent in 2021.
#3 – CrediNord (€48.4M)
CrediNord is a licensed online platform for business lending aimed at SMEs and micro-enterprises.
#4 – Multitude (€48.0M)
Multitude has consumer and business lending businesses, and a shopping and financing app.
#6 – Blue Finance (€40.0M)
Blue Finance is a digital lending platform offering consumer loans and corporate financing.
#7 – Streamr (€26.0M)
Streamr is a decentralised blockchain platform for real-time data that seeks to allow users to create, share, and consume data.
#8 – Tesseract (€21.0M)
Tesseract is a regulated digital asset innovator focusing on institutional brokerage and asset management.
#9 – Zevoy (€18.8M)
Zevoy is an expense management solution with a business card, receipt scanning app and administration portal.
#10 – Midaxo (€15.4M)
MIdaxo helps companies systematise and run their M&A and other complex management processes.
#12 – Zervant (€13.7M)
Zervant provides invoicing software made specifically for sole traders and small businesses.
#13 – AREX (€11.8M)
AREX helps SMEs access affordable short-term financing while providing investment opportunities to investors.
#14 – ZirooPay (€11.6M)
IroFit, also known as ZirooPay, develops mobile point of sale solutions for the Nigerian market.
#15 – Fellow Bank (€10.0M)
Fellow Bank was a peer-to-peer lending platform known as Fellow Finance which pivoted to become a digital bank in early 2022.
#16 – Silo AI (€10.0M)
Silo AI is the largest private AI lab in the Nordics developing AI-driven solutions and products.
#17 – Bonusway (€9.3M)
Bonusway provides users with ecommerce loyalty programs, cash rewards, and online shopping solutions.
#18 – Basware (€8.2M)
Basware provides software which automates finance and procurement processes for businesses.
#20 – Holvi (€5.4M)
Holvi offers small businesses a business account and Mastercard, invoicing and bookkeeping tools.
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