Tagged: denmark

European Commission Approves Merger Request from P27 Nordic Payments Initiative to Form Pan Nordic Payments Platform

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

Mette Ingeman Pedersen to Join Denmark’s Saxo Bank, which Specializes in Online Trading, Investments

Mette Ingeman Pedersen will reportedly be joining Saxo Bank as the firm’s newly appointed Group Chief Financial Officer and member of the Board of Management and Executive Team. Mette will be reporting directly to Kim Fournais, CEO and Founder at Saxo Bank, a Danish investment… Read More

Danish Fintech Pleo Secures $150M via Series B from Bain Capital Ventures, Thrive Capital, Others

Expense management Fintech Pleo has secured $150 million in capital which is notably the largest Series C raised for any Danish-founded company. With this new investment and the company’s valuation of $1.7 billion, Pleo says it’s never been “more excited to see what the future… Read More

What’s in a Name? e-Money Seeks to Challenge Stablecoins with Interest Bearing Digital Assets

e-Money, a protocol built for the issuance of interest-bearing currency-backed stablecoins, is seeking to challenge the established stablecoin market by providing an alternative that generates income. The Danish startup currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the… Read More

Pento, a Payroll System for Startups, Raises $15.6 Million

Pento, a Copenhagen-based payroll automation platform for startups, has raised $15.6 million in Series A funding led by General Catalyst. Other investors included Avid Ventures and UK’s LocalGlobe. Existing investors Point Nine Capital, Moonfire Ventures, Hustle Fund, and Seedcamp also took part, alongside strategic angels… Read More

Banking Circle to Act as Front-Runner Bank in Creating Bulk-Clearing for Danish Krone after Joining P27 Nordic Payment Initiative

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

Former Mastercard Exec Javier Perez Invests €8M in Danish Fintech Cardlay, Investment via Global Paytech Fund

Cardlay has secured €8 million in capital from a venture fund that’s managed by former Mastercard executive Javier Perez, according to a release. As mentioned on its official website: “Cardlay is a world leading Fintech partner of commercial card services and payment infrastructure. We supply… Read More

Denmark-Based SaaS Management Platform Oveo.io Scores €1 Million During Pre-Seed Investment Round

Oveo.io, a Denmark-based SaaS management platform, has secured €1 million through its pre-seed funding round from various angel investors. Founded in 2019, Oveo.io seeks to help modern IT and finance teams gain company-wide visibility into software speed and utilization. “Our SaaS Management Platform give modern… Read More

Pleo to Bring Google Pay Functionality to 13,000 European & UK Customers

Pleo, a Denmark-based fintech startup, recently announced it has launched Google Pay functionality for its more than 13,000 European and UK customers. According to Pleo, customers will be able to immediately benefit from Google’s seamless contactless payment method, giving employees increased flexibility when making business… Read More

Denmark’s Traffic Alert Software Ooono Set to Close Crowdcube Round With Nearly €1.4 Million Raised

    Ooono, a community-based co-driver that connects drivers across more than 50 countries, is set to close its equity crowdfunding campaign on Crowdcube with nearly 1.4 million secured. The funding round, which originally sought to raise €250,000, has attracted 1460 Crowdcube investors. ooono describes… Read More

Copenhagen based Danse Bank Partners Fintech Zenegy to Automate Payment Processing with Corporate Cards

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, has partnered with Fintech firm Zenegy in order to launch a new service that will automate the processing of payments made with corporate cards. The payment processing service will… Read More

Copenhagen Fintech Partners with United Nations Development Fund to Launch Operations in Singapore to Address Climate Change, Alleviate Poverty

Copenhagen Fintech, a Denmark based organization supporting financial technology, is teaming up with the United Nations Development Program (UNDP) and several other organizations in order to help Nordic Fintechs with launching operations in Singapore. The initiative is aimed at assisting Nordic Fintechs with setting up… Read More

Update: Mate.Bike’s Equity Crowdfunding Campaign Surpasses €1.8 Million During the Final Week on Seedrs

  Mate.Bike, a Denmark-based e-bike company, has successfully secured more than €1.8 million through its equity crowdfunding campaign on Seedrs. The funding round was launched earlier this month, originally seeking €1 million. It has attracted over 730 Seedrs investors. Mate.Bike is now offering 1.75% in… Read More

Overfunding: Denmark-Based E-Bike Brand MATE.BIKE Quickly Surpasses €1 Million Funding Target Through Seedrs Equity Crowdfunding Round

  Mate.Bike, a Denmark-based e-bike company, has quickly surpassed its initial €1 million equity crowdfunding target on Seedrs. Founded in 2016, Mate.Bike was founded by  siblings Christian Adel Michael and Julie Kronstrøm Carton who wanted to disrupt the unhandy, granny, and expensive e-bike market by… Read More

Denmark’s CreditStretcher, UK’s Elfinity, and 9 Other Fintechs to Participate in Village Capital’s Finance Forward Europe Accelerator

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

Danish Fintech Likvido Secures €2.5 Million, Will Help SMEs Avoid Bankruptcy After Going Bankrupt Itself 2 Years Back

Danish Fintech firm Likvido has reportedly secured €2.5 million in seed funding from BlackFin Tech in order to assist SMEs that might be struggling to maintain their operations. The company’s founders say they want to help business owners avoid bankruptcy after going bankrupt themselves only… Read More

Billions of Dollars in Illicit Cash Allegedly Laundered via Danske Bank, with Help of Licensed Crypto Firms in Estonia

Estonia, one of the world’s most developed nations with an advanced, high-income economy that’s among the fastest-growing in the EU, is reportedly caught up in one of Europe’s largest-ever dirty-money scandals. Estonia has been quite active when it comes to encouraging the adoption of digital… Read More

Seedrs Partners with Capdesk, Seedrs Secondary Market Now Enables Non Seedrs Portfolio Firms to Trade on Platform

Capdesk – Seedrs Partnership Creates First Private Secondary Market for Shareholders and Employees in Europe Seedrs, a top UK based investment crowdfunding platform, is unique in the fact it has created a viable secondary marketplace for private securities issued via the platform. By enabling investors… Read More

Open Banking: Danish Accounting Platform Billy to Help SMEs Work with Financial Data from Banks

Danish small business accounting platform Billy aims to leverage Open Banking technology and processes, in order to gain access to SMEs’ data from banks. Billy aims to use its cloud platform to transform how SMEs perform their accounting work. Billy claims around 18,000 customers in… Read More

Euronext, a Leading European Securities Exchange, to Acquire 70% of the Shares of VP Securities, a Denmark-based Post-Trade Utility Service

Euronext, a leading European securities exchange, will be acquiring 70% of the shares of VP Securities, a Danish post-trade utility service. The shares will reportedly be acquired from existing owners, which include Denmark’s reserve bank, Danske Bank, Nykredit, Nordea and Jyske Bank Euronext’s management confirmed… Read More

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