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
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
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
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
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
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
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 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
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
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
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
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
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 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
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
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
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
Danish startup Capdesk is setting up shop in London. The new platform is described as a “social shareholder platform” that seeks to improve the interaction between investors and issuers in unlisted companies. Capdesk has gained the backing of well-known business angel Nicolaj Højer Nielsen and the Innovation Fund… Read More
Having just purchased a Philipps Hue Hub and starter kit, and getting ready to purchase more bulbs, I was interested to read about QUBE, “Worlds Most Affordable Wi-Fi Smart Bulb”. Ok, I love the concept of Hue. But I do not love the price. While… Read More
TWINO, a Latvian marketplace lender, announced this week that exactly one month since its launch, €c1 million was invested in the loans from Poland, Denmark and Georgia. The platform revealed that the total investment volume reached €2.4 million, with the monthly run rate surpassing €1 million… Read More
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