Nordic-based card issuing and payment processing services provider Enfuce has raised €7 million in Series B funding led by Tencent who had invested €5 million in the company. Meanwhile, Enfuce’s prior investors Maki.vc invested the other €2 million, bringing the total amount raised by the company to €15 million so far. With the investment, Enfuce is set to gain more growth in Europe as well as globally, and explore the opportunities of company acquisitions to speed up growth. Enfuce reportedly has a global customer base spanning 16 countries to provide innovative payment, open banking, and sustainability services for corporates and…

Opera Limited, a browser provider headquartered in Oslo, announced that it has hired PayPal veteran Allen Hu as the new Executive Vice President (EVP) of Dify, which is the browser’s fintech arm. An expert in financial technology and payments, Allen Hu will lead the Dify business. He brings a wealth of experience from nearly ten years at PayPal, where he was Regional Head of Global Core Payments, based in California. Hu gained expertise in fintech as a Venture Partner in Sequoia Capital China, where he focused on investments in the fintech sector. Prior to that, he was the General Manager…

The Danish fintech startup scene has grown significantly over the last few years, rising from only 70 fintech companies in 2015 to more than 250 in 2021, according to numbers from industry trade group Copenhagen Fintech. In 2020, Danish fintechs raised a record of 2.588 billion DKK (US$427 million), up 82.25% from the previous year at 1.42 billion DKK (US$234 million). The 2020 Tradeshift deal (1.650 billion DKK or US$272 million) alone accounted for more than half of all funding raised by Danish fintech companies that year. As the sector continues to grow and mature, the number of partnerships between…

Iceland’s financial services industry has changed rapidly over the past couple of years with fintech solutions at the forefront of these changes. Innovative fintech solutions are provided by the three largest commercial banks in the country, namely Landsbankinn, Íslandsbanki, and Arion Bank, but also by a growing list of independent businesses and startups which are leveraging cutting-edge technologies including artificial intelligence and blockchain to reinvent the sector. The following are 9 fintech startups in Iceland to keep a close eye on. Meniga Founded in 2009, Meniga provides white-label digital banking solutions. Its award-winning products enable the world’s largest financial…