Tagged: finland

Finnish Fintech ReceiptHero Secures €2 Million Through Seed Round Led By Lifeline Ventures, Superhero Capital & Vidici Ventures

  ReceiptHero, a Finnish fintech, announced on Thursday it secured €2 million through its latest seed round, which was led by Lifeline Ventures, Superhero Capital, and Vidici Ventures Founded in 2018, ReceiptHero describes itself as an open digital receipt system that sends digital receipts from… Read More

P2P Lending Platform Bondora Re-introduces Loan Originations in Finland after Suspending them Earlier following COVID Outbreak

Peer to peer lending platform Bondora notes that getting rich or financially secure might be a goal for everyone, but asks whether your bank account savings can help you achieve your financial goals. Bondora, which claims that over 143,000 individuals have invested more than €391M… Read More

Medtech Firm Raises €2 Million in 30 Hours on Invesdor

Injeq, a Medtech firm based in Finland, has quickly raised €2 million on Invesdor, according to an email from the platform. Invesdor reports that during the private portion of the securities offering, Injeq raised €1.5 million in just a day. The next day, Injeq opened… Read More

EstateGuru Reports Over 1 Million Investments, Monthly Loan Volume Surpasses €10 million

EstateGuru, a crowdfunding marketplace for property-backed loans, is reporting that it has topped one million investments since platform launch in 2014. EstateGuru added that during August and September loan volumes surpassed €10 million each month. A strong and fast recovery from the COVID-crisis in Spring… Read More

Invesdor Launches Updated Website, Looks to Target DACH Countries

Invesdor, an investment crowdfunding platform based in Finland, has relaunched its website and branding. In recent months, Invesdor has had a change in leadership as founder Lasse Mäkelä stepped down as CEO to be replaced by Günther Lindenlaub. Invesdor completed a significant merger with debt-based… Read More

World’s “Smartest” Cities: Singapore, Helsinki, Zurich, According to Smart City Index Report for 2020

Singapore, Helsinki (in Finland) and Zurich (in Switzerland) have been named as the world’s “smartest” cities during this year. They’ve managed to outperform other major European and global financial hubs, according to the Smart City Index Report for 2020. Geneva is another Swiss city that… Read More

BBVA owned Finnish Fintech Holvi to Exit UK Market Only 6 Months After Launch due to Brexit, COVID-19 Challenges

BBVA-backed Fintech firm Holvi, which provides bank accounts to sole traders and SMBs, is reportedly preparing to exit the UK market only six months after establishing operations inthe country. Holvi’s management noted that Brexit and the COVID-19 outbreak has made it challenging to maintain its… Read More

P2P Bitcoin (BTC) Exchange LocalBitcoins Reports Over $29 Million in Annual Revenue for 2019, Updates KYC/AML Processes

LocalBitcoins, a leading peer to peer (P2P) Bitcoin (BTC) exchange, reported its financial results on July 1, 2020 for last year (2019). The P2P crypto exchange company recorded an annual revenue of €26.2 million (appr. $29.46 million), which represents a significant 10% increase when compared… Read More

Sweden-based Banking Challenger Rocker Chooses Finnish Fintech Enfuce as Official Card Issuing and Payment Processing Partner

Sweden-based banking challenger Rocker has reportedly chosen Enfuce, a Finland-headquartered Fintech firm, as its official card issuing and payment processing partner. The move should streamline processes involving the issuance of Visa prepaid cards. The news has come after Rocker (previously operating as Bynk) introduced a… Read More

Crowdfunded on Invesdor, Friends & Brgrs is Acquired

In 2016, Friends & Brgrs, a restaurant group based in Finland, raised capital on Invesdor. The company sought up to €980,000 at a pre-money valuation of €8.82 million. According to the offering page, 560 investors purchased shares in the small company at €24.50 each. The… Read More

ePassi Payments Oy Acquires ActiWay Growing User Base to Over One Million Active Users

ePassi Payments Oy, a mobile payment solution for employee benefits based in Finland, has acquired its Swedish counterpart ActiWay Ab, according to a release. ActiWay is said to be the market leader for wellness allowance systems in Sweden. ePassi claims to be one of the fastest… Read More

Invesdor Identifies New CEO

In a post on LinkedIn, Invesdor founder Lasse Mäkelä has announced the platform he launched has identified a new CEO. Mäkelä did not identify the name of the new executive. He stated: “As many of you also know, Invesdor has been in search of a… Read More

UK-based Featurespace, a Firm Focused on Fraud Prevention, Partners with Fintech Enfuce to Protect Customers from Cyberattacks

UK-based Featurespace, a firm that focuses on fraud prevention, confirmed on February 26 that Finland’s Enfuce, an open banking Fintech firm, will be using the Featurespace ARIC Risk Hub in order to protect its customers from online security threats. Established in 2016 by Denise Koskinen… Read More

Stockholm-based Banking Group Swedbank Partners with SIA to Send Instant Payments Via the EBA Clearing’s RT1 Platform

Swedbank AB, a Nordic-Baltic banking group headquartered in Stockholm, Sweden, has reportedly chosen payment services and infrastructure company SIA to help it send instant payments via the EBA Clearing’s RT1 platform. Swedbank provides retail banking, asset management, and various other financial services. Swedbank has more than… Read More

Nordea Appoints Virgin Money’s Ian Smith As New CFO & Head of Group Finance

Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money’s CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior… Read More

BBVA Owned Digital Banking Specialist Holvi Announces Expansion to Third Core Market – The UK

Holvi, the BBVA-owned digital banking specialist for self-employed business owners, has officially expanded its services to its third core market, which is the UK. The company’s other core markets are Germany and Finland. Its further operating countries are Ireland, Belgium, France, Italy, and the Netherlands…. Read More

Invesdor Raises €1.86 Million, Plans European Expansion

Invesdor Ltd has revealed a new funding round that closed at the end of 2019. According to a blog post, Invesdor raised €1.86 million from a “selected group of large scale investors,” current shareholders and some employees.  Invesdor explained that a total of €1.6 million… Read More

Invesdor COO Günther Lindenlaub Shares Optimistic Note on 2020: The Year of Alternative Equity Solutions

Günther Lindenlaub, COO of the Invesdor Group – a combination of Invesdor (Finland) and Finnest (Austria), has distributed a positive note about the forthcoming year. Lindenlaub states: “alternative financing in the area of ​​equity could also be a possible trend for 2020 for German companies… Read More

Minna Technologies and Finland’s Largest Financial Group, OP, Extend Partnership Involving Open Banking Program

Minna Technologies and Finland’s largest financial group, OP, have extended their partnership which was established last year during OP’s open banking startup partnership program. Minna Technologies was chosen last year to take part in OP’s open banking program. John Nyström, country manager Finland at Minna… Read More

Finland-based Fintech Firm Enfuce Raises €10 Million to Expand Operations Globally

Enfuce, one of the largest Fintech firms in Finland, has raised €10 million (appr. $11 million) via an investment round led by Maki.vc. The round included venture debt from Nordea, LähiTapiola, and Finnvera. Enfuce is one of fastest-growing Fintechs in the Nordic region. The company… Read More

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