Tagged: sweden

Open Banking Firm Tink Appoints New Chief Revenue Officer

Tink, an open banking platform, has appointed Rowan Taylor as its new role of Chief Revenue Officer (CRO). Taylor previously worked at AWS and is said to have 26 years of experience in banking technology including stints at Accenture, KPMG and Gartner. Taylor will be… Read More

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

Klarna Being Investigated by Regulator for Apparent Security Breach

Klarna, a top European Fintech, is under investigation by the Swedish regulator Finansinspektionen for a possible security breach and transgression of the bank secrecy act. In a statement by Finansinspektionen, the financial regulator referenced an “IT incident” that took place in May 2021 where customers… Read More

Estonia’s Bigbank Chooses Nets for Offering Virtual Cards and Mobile Payments Capabilities

Bigbank, a global Estonian-owned bank providing personalized financial products, has selected European payment services firm Nets, to offer issuer processing and digital services, such as virtual cards and mobile payment capabilities. As noted by its management: “We’re a new type of bank – a truly… Read More

Countries’ Transition to Cashless Society Each Take Unique Paths

While Sweden, the United Kingdom and a few Asian Pacific countries have created roadmaps to a cashless society, most countries will still need to chart their own paths, a report from Global Data finds. The Cashless World – Evolving Payment Environments in Key Asia Pacific… Read More

BNPL Fintech Klarna Selects Embedded Finance Platform Liberis to Provide Revenue-based Financing to E-Commerce Clients

Fintech firm Klarna has chosen embedded business finance platform Liberis in order to help it with providing its digital commerce customers with revenue-based financing options. The deal between Liberis and Klarna will see the BNPL Fintech company’s 250,000+ merchant partners in 17 different countries provided… Read More

Visa to Acquire European Open Banking Fintech Tink for €1.8B, Transaction Subject to Regulatory Clearance

Visa (NYSE: V) will be acquiring European Open Banking Fintech Tink for €1.8 billion. The acquisition should help with filling a Plaid-shaped hole in Visa’s existing portfolio after a $5.4 billion deal to acquire the financial data-sharing firm was unsuccessful (following pushback from regulatory authorities)…. Read More

Swedish Payment Platform Billhop Partners ICS, the Largest Credit Card Provider in the Netherlands

Billhop and ICS have teamed up to improve working capital access for SMEs across the Netherlands. Through the partnership, ICS commercial cardholders, based in the Netherlands, will have access to Billhop’s service “at a preferential rate,” according to a release shared with CI. As mentioned… Read More

Digital Financial Services Firm Konfio Acquires $125M via Series E Round, including $20M from VEF

Konfio has announced a $125 million Series E round with VEF investing an additional $20 million in the company’s operations. The team at VEF announced on Tuesday (June 22, 2021) a $20 million follow-on investment into Konfio, which is one of Mexico’s leading SME-focused Fintech… Read More

Klarna’s Second 2021 Raise Sees Valuation Top $45B

Buy now pay later (BNPL) startup Klarna’s second raise of 2021 has it valued at close to 50 percent above its post-raise valuation in March. It now sits at $45.6 billion. The latest raise brought in another $639 million and was led by SoftBank’s Vision… Read More

Swedish Firms Collaborating on Green Crytpo

Goobit Group and Xpecunia Nordic are collaborating on “green” cryptocurrency. The deal gives Goobit exclusivity to sell Xpecunia Nordic-produced crypto across the Nordic countries. Those coins are produced with green energy like solar and will be available on Goobit’s BTCX exchange. “BTCX is Sweden’s oldest… Read More

CBDCs: Sweden’s Reserve Bank Is Reportedly Working with Commercial Lender to Test Proposed Virtual Currency

Sweden’s reserve bank will reportedly be working cooperatively with commercial lender Handelsbanken in order to test out how the nation’s proposed digital currency, the e-krona,  may handle payments in the real world, the Riksbank revealed on Friday (May 28, 2021). Reserve banks across the globe… Read More

Insurtech Hedvig Announces European Expansion, Starts in Denmark

Sweden-based Insurtech Hedvig has announced an expansion across Europe starting with Denmark. Hedvig reports that hundreds of Danes have signed onto Hedvig’s waiting list for a new type of home insurance. The digital-first insurance platform claims that it can manage claims in about eight minutes…. Read More

Swedish Open Banking Fintech Tink Acquires Germany based FinTecSystems

Sweden’s Open Banking Fintech Tink has reportedly acquired German equivalent FinTecSystems. The latest acquisition by Tink should help the firm further expand its business operations across Europe. FinTecSystems aims to offer advanced data analytics, digital or online account checks, account aggregation and also supports Open… Read More

UK’s ClearBank Reports that European Fintech Firms Consider Banks to be Key Partners in Ensuring Regulatory Compliance

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

Solar Financing Platform Trine Sees Debt Offering Close in Just 5 Hours

Solar investment marketplace Trine is reporting that a debt offering seeking €750 000 closed in just 5 hours, the fastest loan funded through Trine’s impact investment platform to date. The investment platform said that the debt financing for Redavia, a firm offering solar farms to… Read More

Kris Vaivods: CEO at Vorto Gaming, a Blockchain Company Planning to Go Public on Swedish Stock Exchange, Shares Key Insights

We recently caught up with Kris Vaivods, CEO at Vorto Gaming, a blockchain startup planning to carry out an initial public offering (IPO) on the Swedish stock exchange later this year. Kris is the Founder of the Vorto Games subsidiary vz games and is part… Read More

UK Fintech Freetrade Hires Karl Broomé to Serve as MD to Oversee Markets, Company Submits Paperwork to Acquire License in Sweden

As it prepares to introduce services in Sweden, Freetrade, a commission-free trading app that’s regulated by the UK Financial Conduct Authority (FCA), has hired Karl Broomé to serve as ts MD to oversee the market activities. Broomé has joined Freetrade after having worked previously in… Read More

Sweden’s Online Crypto Broker Safello Acquires Cryptocurrency Platform Bitcoin.se

Safello, an online cryptocurrency brokerage that is regulated as a financial institution with Finansinspektionen (Swedish FSA), announced on Monday it has acquired Rational Money AB, the company behind Bitcoin.se, a Sweden-based educational portal on cryptocurrencies. Safello claims that since 2012, Bitcoin.se has played a vital role in… Read More

Swedish Fintech Zaver Secures $5 Million Through Latest Funding Round

Zaver, a Sweden-based fintech that allows merchants to accept careless payments and offers buy now, pay later (BNPL), has reportedly secured $5 million through its new funding round, which involved participation from  Inbox Capital, Inventure, Fredrik Österberg, Magnus Rausing, Joen Bonnier, Fabian Hielte, and Max… Read More

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