News
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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Ageras Group Buys Finnish Invoicing Software Zervant in Acquisition Spree
Ageras Group, a group of companies backed by Investcorp Technology Partners (ITP) that offers a range of software solutions to small businesses, announced that it has acquired Zervant, a Finland-based online invoicing software. The group is known for their online
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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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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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Rapyd Inks Deal to Acquire Icelandic Payments Firm Valitor for US$100 Million
Rapyd, a global fintech-as-a-service company, has entered into a definitive agreement with Arion Banki to acquire Valitor, an Icelandic payments solutions company, for US$100 million. The acquisition of Valitor will complement Rapyd’s existing payment capabilities throughout Europe, as well as
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