Sweden

Tink Adds Four Senior Hires to Its London-Based Payments Team

Swedish open banking platform Tink has made four additions to its London-based payments team with hires for variable recurring payments, payment sales, strategic account management, and delivery and solutions architecture. Firstly, Andrew Boyajian joins Tink as Head of Variable Recurring

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Sweden’s SEB Creates New Banking-as-a-Service Business Unit

Nordic financial services group SEB has created SEB Embedded, a new business unit to commercialise the banking-as-a-service concept and promoted Christoffer Malmer to head the unit. Malmer’s current role as the head of SEB’s innovation studio SEBx will be taken

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Sweden’s Zimpler Expands to Latin America With New São Paulo Office

Swedish payments company Zimpler announced plans to expand to Latin America and that it has established its regional headquarters in Sao Paulo, Brazil’s financial center. A recent study conducted by Zimpler showed that nearly half of all online consumers in

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Atlar Raises €5M Seed Funding Led by Index Ventures for Automated Bank Payments

Swedish bank payments platform Atlar has closed a €5 million seed round led by Index Ventures, with the participation of European venture capital firms La Famiglia VC and Cocoa. A number of angel investors also participated in the round, including

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Klarna Launches Price Comparison Tool in Sweden, Denmark and the UK

Buy now, pay later (BNPL) solution provider Klarna has launched a new in-app price comparison tool to provide an alternative to Google or Amazon as a starting point for consumers’ online shopping journeys. Consumers will be able to view product

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McKinsey: Sweden Emerges as One of The Best Fintech Ecosystem in Europe

In Europe, fintech activity is growing in virtually all countries, but performance and maturity levels are found to be the greatest in the UK and Sweden, the two countries that are now leading the region for the size of their

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Open Banking Platform Tink Partners With Adyen to Enable Instant Bank Payments

Dutch payments company Adyen has selected Swedish open banking platform Tink’s real-time payments infrastructure to enable its new white-label pay-by-bank and instant bank payments solutions. Adyen’s clients will be able to allow their customers to authenticate and pay directly from

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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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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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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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