Tagged: denmark

August 8, 2022 @ 10:30 am By Omar Faridi  |  

We recently connected with Kåre Kjelstrøm, Chief Technology Officer at layer-1 blockchain company Concordium. Kåre, who has an MS in Computer Science from the University of Aarhus, Denmark, is leading the development of Concordium’s blockchain platform – which embeds encrypted ID into on-chain transactions in… Read More

July 5, 2022 @ 8:21 am By Omar Faridi  |  

Vibrant, the Danish app that turns Android mobile devices into points of sale, has raised a €4 million seed round led by byFounders, with Luminar Ventures participating. Vibrant’s mission is “to make monetary merchant-customer transactions easier and more accessible than ever before.” According to Visa,… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 13, 2022 @ 7:50 pm By Omar Faridi  |  

BNP Paribas Asset Management (BNPP AM) and Matter, a Danish Fintech specializing in sustainability insights, recently announced the launch of ‘SDG Fundamentals’, an innovative data solution. This dataset “enables investors to analyze the extent to which company[1] revenues are aligned – or misaligned – with… Read More

June 11, 2022 @ 5:40 pm By Omar Faridi  |  

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

June 10, 2022 @ 2:50 pm By Omar Faridi  |  

Instant payments are at “the top” of P27’s agenda. And more than a dozen banks connected to Swedish instant payments solution Swish are “set to test the Nordic payments platform by the end of the year.” Customer Relations Director Jacob Groth said: “We’re doing everything… Read More

May 5, 2022 @ 5:37 pm By Omar Faridi  |  

Amadis, a payment software and consulting provider, has announced a partnership agreement with Softpay.io in order to offer its Universal EMV Level 2 Framework & pre-certified Kernels “for integration into Softpay’s new Tap-to-Pay service.” Softpay’s Tap-to-Pay service can be “downloaded into any Android device and… Read More

March 31, 2022 @ 8:43 am By Omar Faridi  |  

Danish Fintech firm Anyday has secured €4 million in capital via a seed round in order to bring its split payments (Buy Now, Pay Later) BNPL-style service to Scandinavia. Anyday’s split payment concept allows consumers to divide the cost of a purchase into four manageable… Read More

March 10, 2022 @ 10:04 pm By Omar Faridi  |  

Danish Fintech Cardlay has reportedly acquired $6 million (appr. DKK 40 million) and also attracted one of Europe’s IT directors. The Fintech firm has now moved closer to becoming a preferred payment partner for business clients. With this latest capital injection, the Danish Fintech is… Read More

March 1, 2022 @ 8:39 am By Omar Faridi  |  

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

February 19, 2022 @ 6:18 pm By Omar Faridi  |  

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More

February 17, 2022 @ 11:20 am By JD Alois  |  

The Ageras Group has raised €30 million ($34 million) to accelerate the expansion of its business described as a financial cockpit for SMEs. The company said the funding was raised from a group of American and European investors including seven new investors, Centripetal Capital and… Read More

October 13, 2021 @ 8:15 am By Omar Faridi  |  

Lunar, the financial services firm that provides Nordic consumers and businesses a new way to bank and make payments, announces the acquisition of Paylike in order to make online payments simpler and faster for digital commerce businesses and consumers. Being able to take payments and… Read More

July 10, 2021 @ 7:24 pm By Omar Faridi  |  

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

July 7, 2021 @ 7:00 pm By Omar Faridi  |  

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

July 6, 2021 @ 7:55 am By Omar Faridi  |  

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

June 8, 2021 @ 12:29 pm By JD Alois  |  

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

May 19, 2021 @ 8:52 am By JD Alois  |  

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

May 14, 2021 @ 12:37 am By Omar Faridi  |  

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

April 14, 2021 @ 7:06 am By Omar Faridi  |  

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