Sweden

Sweden’s Minna Technologies Expands Footprint With London Hub

Minna Technologies, a Sweden-based subscription management tool for retail banks, announced that it is launching a London-based hub. This move comes on the heels of a recent partnership with London-based open banking platform Bud. As part of the commitment to

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Neo Insurer Hedvig Closes U$45 Million Series B Ahead of European Expansion Plans

Nordic neo insurer Hedvig announces that it closed a US$45 million Series B funding round led by Anthemis following its recent launch into Denmark. The Series B investment was led by Anthemis Partner, Ruth Foxe Blader, and Managing Director, Matthew

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Mastercard’s Accelerator Lineup Features Women-Led and Sustainable Startups

Mastercard has revealed the 15 tech startups that will be joining the fall edition of its Lighthouse FINITIV programme from Sweden, Estonia and Finland. This fall, the programme kick off in Stockholm, Helsinki and Tallinn while utilising the benefits of

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IKEA Operator Snaps up Minority Stake in BNPL Firm Jifiti for US$22.5 Million

Ingka Investments, the investment arm of Ingka Group which owns and operates IKEA stores, has invested US$22.5 million in US-based Buy Now, Pay Later (BNPL) firm Jifiti, for a minority stake in the company. Ingka Group and Jifiti have a

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Swedish Fintech Invoier Bags EUR 4.1 Million From the European Union

Stockholm-based fintech company Invoier, who has built and established a marketplace for fair and transparent trading of invoices, has secured a EUR 4.1 million equity funding from the European Innovation Council’s (EIC) Fund. Invoier’s marketplace enables SMEs to convert invoices

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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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Visa Inks Deal to Acquire Swedish Open Banking Platform Tink for US$2.2 Billion

Visa announced it has signed a definitive agreement to acquire Tink, a Swedish open banking platform, for 1.8 billion Euros (US$2.2 billion). Tink will retain its brand and current management team, and its headquarters will remain in Stockholm, Sweden. The

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Nordea Taps Meniga’s Cashback Rewards Platform for Its Swedish Customers

Icelandic digital banking and finance solutions developer Meniga has signed a new partnership agreement with Nordea, a financial services groups in the Nordics, to continue the integration of its cashback rewards platform within the latter’s mobile banking app in Sweden.

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Ukrsibbank Rolls Out Swedish Startup Dreams’ Financial Wellbeing Platform

Dreams, a Swedish provider of behavioural and engagement banking solutions, announced the launch of its financial wellbeing platform in partnership with Ukrainian commercial bank UKRSIBBANK BNP Paribas Group. The company’s financial wellbeing platform is now embedded into UKRSIBBANK’s mobile banking

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Swedish Central Bank Pilots Phase 2 of E-Krona Project With Handelsbanken

The central bank of Sweden Riksbank pilots phase two of its e-krona project with Swedish bank Handelsbanken and TietoEVRY, a Finnish IT software and service company providing IT and product engineering services. The pilot project run by the Riksbank aims

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