Tagged: denmark

Danish Fintech Pleo Secures $56 Million Through Series B Investment Round

Pleo, a Denmark-based fintech startup, announced on Tuesday it secured $56 million through its Series B investment round led by Stripes, a leading New York-based growth fund, with participation from existing investors, Kinnevik, Creandum, and Founders. This funding comes less than a year after Pleo… Read More

Overfunding: LuggageHero Surpasses €1.2 Million Funding Target on Seedrs

LuggageHero, a Denmark-based luggage storage service, has successfully secured its initial €1.2 million funding target on equity crowdfunding platform Seedrs. Founded in 2016, LuggageHero provides easy, cheap and safe storage of luggage around the central areas of big cities using retail stores and hotels. Been… Read More

To Align With EU and FATF Anti-Money Laundering Directives, Lithuania Ups Crypto Regulations

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Lithuania has been moving for some time to establish itself as a Fintech leader in the Baltics. According to the previous reporting at Crowdfund Insider, the country registered 35 new Fintechs in 2017, and in early 2018, Invest Lithuania Managing Director Mantas Katinas promoted the… Read More

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

Concordium Foundation Launches Blockchain Research Center, Partners with Aarhus University in Denmark

The Concordium Foundation has partnered with Aarhus University and their Department of Computer Science to launch the  Concordium Blockchain Research Center. The Concordium Foundation is expected to receive approximately 10 million DKK per year for five years for the Research Center (about USD $ 1.5 million or USD… Read More

Fellow Finance Launches Peer to Peer Lending in Denmark

Finland based peer to peer lender Fellow Finance is now operating in Denmark. The company says it will offer Danish consumers access to credit while Fellow Finance investors will be able to fund Danish loans. Currently, Fellow Finance provides consumer loans in Finland, Germany, Poland, and… Read More

Denmark: Tax Agency to Require Danish Crypto Exchanges to Provide Customer Details on Trading

The Danish Tax Agency has been authorized to obtain information on trading in cryptocurrencies via three separate crypto exchanges operating in Denmark. This will mark the first time the information is being made available to the tax authorities which seek to review trading data on crypto beginning on January 1, 2016, up to December 31, 2018. Skattestyrelsen har fået tilladelse… Read More

Saxo Bank Agree on Recommended All-Cash Public Offering For All BinckBank Shares

Denmark-based Saxo Bank announced on Monday a conditional agreement has been reached on a recommended public offer to be made by the bank for the entire issued and outstanding share capital of BinckBank for €6.35 in cash per share (cum dividend).  According to Saxo Bank,… Read More

Denmark Argues Crypto Traders’ Tax Obligations Clear

A Danish lawyer and “Bitcoin expert,” Payam Samarghandi, has claimed that Denmark’s Bitcoin and crypto traders have been confused by grey tax regulations, which may have put them at risk of future tax penalties: “There are several of them that the tax authorities have contacted now… Read More

Saxo Bank Launches New Investor Platform

Denmark-based Saxo Bank announced on Wednesday the launch of its new platform for investors.  SaxoInvestor is described as a platform that gives the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios. According to Saxo Bank, the platform… Read More

Securitize Partners with AmaZix to “Transform Fundraising,” – Making Digital Securities Easier & More Secure

Securitize has formed a new partnership with AmaZix – a community engagement platform for crypto projects. Securitize is a compliance platform for issuance and the management of digital securities on the blockchain. This new affiliation is said to “transform fundraising for blockchain startups, by making… Read More

Danish Payments Platform Nets Expands Into Poland Thanks to Acquisition of Dotpay/eCard

Nets, a Denmark-based payments platform, announced on tuesday it has expanded into Poland thanks to the acquisition of payments service providers Dotpay/eCard. According to Nets, Andrzej Budzik will continue as CEO of Dotpay/eCard and will report directly to Asger Hattel, Head of Merchant Services in Nets,… Read More

Danske Bank Announces Partnership With Swedish Fintech Minna Technologies

Denmark-based Danske Bank announced on Thursday it has joined forces with Swedish fintech Minna Technologies to offer customers access to a “Subscription Manager” solution, which gives them an overview of all their subscriptions and the possibility of saving both time and money. According to Danske Bank,… Read More

Update: Beauty Product Brand Zenz Organic Raises Nearly 2.3 Million Kr Through Invesdor Funding Round

Zenz Organic, a natural and ecological beauty product brand, has raised nearly 2.3 million kr funding target through its equity crowdfunding campaign on Invesdor. The company, which was founded in 2009, originally sought to raise a minimum of 1,850,000 million kr, which was achieved quickly. As previously… Read More

Overfunding: Beauty Product Brand Zenz Organic Quickly Secures 1.8 Million Kr Funding Target Through Invesdor Campaign

Zenz Organic, a natural and ecological beauty product brand, has successfully secured its initial 1,850,000 million kr funding target through its equity crowdfunding campaign on Invesdor. Founded in 2009, the Denmark-based company notably produces exclusive eco-labeled haircare and styling products, natural har color, and mineral makeup. Zenz… Read More

Singapore and Denmark Sign Fintech Pact

The Monetary Authority of Singapore (MAS) and has announced they have entered a Fintech agreement with the Danish Financial Supervisory Authority (Danish FSA). This new collaboration will allow companies in both Singapore and Denmark to expand into each other’s markets more fluidly. Over the past couple… Read More

TransferMoney to Work with Accuity to Streamline Payments

TransferMoney Latvia, a fast growing European cloud payment institution, has signed up with Accuity to streamline its account and payments screening processes. TransferMoney says the move is to help better identify financial crime risk and flag potentially high-risk customers – always a concern in the… Read More

Clearhaus Invests in Copenhagen Cooperative Bank to Create “All in One Solution”

Typically it is the traditional bank investing in, or acquiring a promising Fintech firm. But in this case it is the other way around. Danish Fintech firm Clearhaus has purchased a 33% stake in Copenhagen Cooperative Bank to adjust its business model. Clearhaus explains that… Read More

Denmark Fintech Startup Cardlay Secured $4M During Funding Round

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Cardlay, a front-end card management platform and cardholder application based in Denmark, announced it secured $4 million from a group of private investors during a funding round. The company stated it now form partnerships with banks to serve as a front-end platform and will assist… Read More

Brief: Copenhagen Fintech Hub Officially Opens

Financial Services Union Denmark, the City of Copenhagen and the Danish Bankers Association announced the opening of the new fintech hub, Copenhagen Fintech.  Copenhagen Fintech is described as a non-profit association open to companies and organizations with interests within the fintech area. The hub was notably established… Read More

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