Swedish fintech company Mynt has announced a strategic partnership with Nordea, the largest bank in the Nordics, to introduce a business credit card and spend management solution aimed at SMEs in Sweden, Norway, Denmark and Finland.
The solution is expected to go live in 2026.
SMEs account for more than half of Europe’s economic output but often operate with limited resources and smaller teams.
As a result, accessible and efficient financial tools play a key role in managing daily business operations and supporting growth.
The partnership combines Mynt’s spend management technology with Nordea’s regional platform to offer an integrated solution designed to improve control and efficiency in business spending.
The product will provide a business card with an embedded expense management system that includes automated receipt handling, real-time spend controls, integration with enterprise resource planning systems and full accounting automation.
Mynt’s white-labelled infrastructure will be embedded within Nordea’s services.
The offering is intended to streamline the full lifecycle of business spending, from onboarding and compliance checks to real-time reporting and exporting data into accounting systems.
According to Mynt, traditional expense processing can take between 20 and 45 minutes per report, whereas its technology can reduce this to between 30 and 120 seconds, potentially saving the average SME between ten and twenty hours each month.
Additional features include automatic matching of receipts, visibility into real-time spending, controls before and after purchases, and synchronisation with bookkeeping systems.
Mynt currently supports tens of thousands of SMEs across the Nordic region.
The partnership with Nordea, which has a significant client base, is expected to enhance Mynt’s position in the financial technology sector and support Nordea’s objective of becoming a leading digital bank for SMEs in the region.
Baltsar Sahlin, Chief Executive and Co-Founder of Mynt, said:
“By embedding Mynt’s spend management platform directly into the offerings of Nordea, we are reshaping how banks support business customers across Europe. Together we are facilitating an efficient, modern and accessible financial solution for SMEs. One that saves time, reduces admin and allows them to do what they do best: grow and deliver for their consumers.”
The partnership is Mynt’s first integration with a major bank and comes after the company secured €22 million in a Series B funding round led by Vor Capital, with participation from Visa.
Featured image credit: Mynt
