Denmark
Revolut Launches as a Bank in the Nordics
Revolut, a global financial super-app with more than 18 million customers worldwide, has operationalized its Lithuania based European specialised banking licence in 10 European markets. Customers in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, Sweden who upgrade to
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Spend Management Startup Pleo Extends Series C With Additional US$200 Million
Denmark-based B2B spend management service Pleo has raised US$200 million in a Series C extension round. It now brings the company’s total Series C round to US$350 million. The round was raised at a valuation of US$4.7 billion, according to
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The Biggest Fintech Funding Rounds of 2021 in the Nordics
The fintech industry in the Nordic region, which comprises Denmark, Finland, Iceland, Norway and Sweden, saw strong funding growth in 2021 with record deal amounts. Out of the ten biggest funding rounds announced this year, Sweden leads the chart with
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Mastercard Finalises Acquisition of Danish Open Banking Firm Aiia
Mastercard announced it has completed its acquisition of Aiia, a Danish open banking technology provider that offers single and secure API access to banks and fintech companies, and enables users to easily perform account-to-account payments. Details of the deal which
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Danish Challenger Bank Lunar Snaps Up Payments Firm Paylike
Danish neobank Lunar announced that it has acquired Paylike, a full-stack European payment platform for an undisclosed sum. With this move, Lunar gains a gateway that will make it possible for its business customers to receive payments from their clients
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Danish Neobank kompasbank Selects Mambu To Roll Out SME Lending
Newly-established Danish small and medium-sized enterprise (SME) bank kompasbank announced their go-live on Mambu’s Software-as-a-Service (SaaS) banking platform. On Mambu’s cloud-native banking platform, kompasbank said that it was able to build fast and flexible customer onboarding, loan and deposit processes.
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Voyager Digital Snaps Up Crypto Payments Firm Coinify for US$84 Million
Voyager Digital, a publicly-traded cryptocurrency platform in the United States, announced the acquisition of Denmark-based cryptocurrency payment platform Coinify. According to CoinDesk, the deal valued at about US$84 million in stock and cash. Under the terms of the share purchase
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In Europe, Nordic Countries Have the Most Advanced Open Banking Ecosystems
In Europe, the Nordic countries of Sweden, Denmark and Norway have the most advanced open banking ecosystems. Trailblazing regional regulatory regimes, highly developed digital infrastructures, and a pan-Nordic collaborative approach have enabled these countries to take the lead over the
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Danish Neobank Lunar Scores EUR 210 Million in Series D Joined by Tencent
Nordic challenger bank Lunar announced a EUR 210 million series D funding round led by family-owned investment company HEARTLAND. Other investors included Kinnevik, one of Europe’s leading growth investors, and Tencent, a leading China-based technology company. Alongside the lead investors,
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Pleo Becomes the Latest Danish Fintech Unicorn With US$150 Million Fundraise
Danish fintech Pleo announced that it has raised US$150 million in a Series C funding round to become a unicorn with a company valuation of US$1.7 billion. The Series C round was co-led by Bain Capital Ventures and Thrive Capital,
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