Posts From Fintechnews Nordics

SME Financing Platform DBT Gets €286M From NatWest and Värde Partners

Swedish SME financing platform DBT has closed a SEK 3.1 billion (approximately €286 million) debt facility from UK bank NatWest and US alternative investment firm Värde Partners. The funding, said to be the largest investment in a Nordic SME lending

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Denmark and Iceland Startups Dominate the Nordic Fintech Awards 2022

The Nordic Fintech Awards was held on 27 September 2022 during the annual Nordic Fintech Week organised by Copenhagen Fintech. Nominees for the four Nordic Fintech Award categories were shortlisted based on feedback from fintech communities in the region and

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Top 20 Startups in Finland in 2022

The Helsinki Fintech Farm has published its annual ranking of the top fintech startups in Finland calculated based on the companies’ latest reported revenues. According to the report, Finland’s fintech industry—which comprises some 200 companies—saw revenue increasing from €1.2 billion

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Sweden, Norway and Israel Explore Interlinking CBDC Systems for International Payments

Sveriges Riksbank, Norges Bank, Bank of Israel, and the Bank for International Settlements (BIS) are launching Project Icebreaker to explore how central bank digital currencies (CBDCs) can be used for international retail and remittance payments. The project aims to develop

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Lithuania’s SME Finance Expands its Footprint to Finland

Lithuanian financing platform SME Finance has opened for business in Finland to provide loans to smaller businesses, including those with trading histories of under two years. Finland has a highly concentrated banking sector, with the top three banks controlling 80%

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Norway, Iceland Join Consortium to Develop Payments Pilot for EU Digital ID Wallet

The Nordic-Baltic eID Project (NOBID) is leading a consortium of six countries—Denmark, Germany, Iceland, Italy, Latvia and Norway—to deliver a cross-border payments pilot aligned with the aims of the European Commission’s EU digital identity wallet program. The consortium’s proposal to

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10 Nordic Startups Selected for the Lighthouse FINITIV 2022 Fall Programme

15 fintech companies – 10 from the Nordic region and five from the Baltic region – were selected to participate in Mastercard Lighthouse FINITIV’s 2022 fall programme. Since its launch in 2018, the Mastercard Lighthouse FINITIV programme has been the

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Danish Fintech Moneyflow Bags €250 Million Debt Financing From Aion Bank

Danish embedded finance startup Moneyflow has entered into a debt financing agreement with Banking-as-a-Service (BaaS) provider Aion Bank to enable up to €250 million in asset-backed debt funding. The partnership is expected to accelerate the roll-out of Moneyflow’s embedded finance

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Findynet Gets €3 Million Grant to Develop Finland’s Digital Identity Network

The Finnish Ministry of Finance has awarded the Findynet Cooperative a three million euro government grant to build a pilot environment for a self-sovereign identity network to ensure the correctness of information in electronic interactions. The Findynet Cooperative aims to

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F10 Launches Climate Fintech-Focused Incubator in the Nordics and Baltics

F10, an innovation ecosystem for fintech and insurtech with hubs in Switzerland, Singapore, and Spain, announced the launch of an incubation programme dedicated to climate fintech across the Nordics and Baltics, expanding its reach within Europe. The goal is to

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