Posts From Fintechnews Nordics
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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Axo Announces Acquisition of Defero
Axo, a distributor of personal finance products in the Nordic region and portfolio company of Corsair, a private equity firm targeting payments, software and business services investments in the financial services sector, announced that it has acquired Defero Defero is
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Ageras Buying German Neo-Bank Kontist
Copenhagen based Ageras Group announced that it has acquired Kontist, a Berlin-based neo-bank focused on the complex accounting and banking needs of Germany’s growing populations of microbusinesses and self-employed workers. “This acquisition is a critical step in Ageras’ growth,” said
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Swedish Fintech Zimpler Enters Norway as Part of Their International Expansion
Zimpler, a fintech company born in Sweden, announced today that it has gone live in Norway. Following Sweden, Finland, Germany, Estonia, The Netherlands, Latvia and Lithuania, Norway becomes the eighth market to offer Zimpler’s account-to-account payments solutions. The first merchant
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