Tagged: sweden

Sweden-based Payment Institution P.F.C. Introduces Buy-Now, Pay-Later Option for Customers

P.F.C., a Sweden-based payment institution, is reportedly launching a retroactive “buy-now, pay-later” option for customers, in order to easily convert their purchases to a part-payment or installment plan after the transaction. P.F.C. is a personal finance application and a free-of-cost Mastercard introduced in 2018 and… Read More

Swedish Banking Group Northmill Appoints Mattias Hallgrim as New CMO

Northmill, a Fintech based in Sweden, announced on Wednesday it has appointed Mattias Hallgrim as its new CMO. According to Northmill, Hillgrim has more than 20 years of experience from a wide range of leading businesses such as Tradedoubler and Ticketmaster and most recently he… Read More

Sweden-Based Fintech Northmill Announces Addition of Savings Account With Deposit Insurance “Rebilla Reserve”

Northmill, a Fintech based in Sweden, announced on Tuesday the launch of its savings accounts with deposit insurance, called Rebilla Reserve. This news comes just a few months after the company received its banking license from the Swedish Financial Supervisory Authority (SFSA or Finansinspektionen). While… Read More

Sweden-based TrueCaller, Operator of Caller-ID System, to Further Expand its Financial Services-related Business

Telephone Communication Call

Sweden-headquartered TrueCaller, a company that runs a caller-identification system, is further expanding its financial services business. The firm is piloting a new program to offer credit to small business owners based in India, which reportedly make up around 20 million of the total 140 million… Read More

CBDC: Sweden’s Central Bank, Riksbank, Reveals It’s Considering Issuing E-Krona As Cash Use has Declined

The central bank of Sweden, the Riksbank, is responsible for promoting the development and maintenance of an efficient and secure payment system. The reserve bank acknowledges that this task may become more challenging if cash is no longer widely accepted as a means of payment… Read More

Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants

Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of… Read More

Crowdfunded Electric Car Uniti Announces Pricing, Expects European Deliveries to Commence Mid 2020

Crowdfunded electric car Uniti has announced pricing for its initial e-vehicle – Uniti One. The Uniti One will be offered initially to buyers in northern Europe, with first deliveries planned in Sweden and the UK for mid-2020. Additional markets will be added progressively in time…. Read More

Swedish Financial Group SEB and UK Fintech Thought Machine Form Partnership on Banking Platform

UK-based Fintech Thought Machine has partnered with Swedish financial group SEB. The agreement will see SEB’s innovation studio SEBx deploy Thought Machine’s cloud-native banking platform, Vault. Though Machine has already secured partnerships with Atom bank, IBM and a major UK bank – last year securing… Read More

Fellow Finance Boosts Presence in Sweden. Offers Business Loans and Invoice Financing to SMEs

Crowdfunding platform Fellow Finance has opened its doors to businesses in need of debt capital in Sweden, according to a note from the company. As of today, SMEs in Sweden may now apply for crowdfunding on the Fellow Finance platform. The company will offer business… Read More

Sweden: Fintech Northmill Receives Bank License from SFSA

Europe’s Newest Digital Bank Northmill, a Fintech based in Stockholm, Sweden, has just received a banking license from the Swedish Financial Supervisory Authority (SFSA or Finansinspektionen). Northmill was founded in 2006 and is “building the bank of tomorrow.” According to a blog post, Northmill applied… Read More

European Payments Platform Nets Teams Up With Payments App Swish to Launch In-Store Payments Pilot Program

European payments platform Nets announced on Wednesday it has partnered with Sweden payments app, Swish, to launch an in-store payments pilot program. According to Nets, Swiss has mostly been used for account-to-account transact actions and e-commerce payments, The app is now working with Nets to… Read More

Nordea Partners With Fidesmo Pay to Bring Service to Swedish Mastercard Holders

Nordea Bank and Fidesmo announced on Thursday they are offering Fidesmo Pay to Nordea Mastercard holders in Sweden. According to the duo, Fidesmo Pay will be available for all customers with the bank’s Mastercard. The companies also revealed: “Wearables that connect with Fidesmo, provided by… Read More

Competition and Markets Authority Clears PayPal’s Purchase of iZettle

The UK Competition and Markets Authority (CMA) has cleared the acquisition by PayPal of competitor iZettle. In April, the CMA provisionally found the deal should be cleared. After an initial investigation (Phase 1), CMA raised concerns regarding competition reduction if the acquisition went through. The… Read More

Tink Secures Strategic Investment From PayPal

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Tuesday it received a strategic investment from PayPal (NASDAQ: PYPL) to continue its expansion across Europe. Tink reported that with the investment, PayPal has agreed to partner with it to use… Read More

Swedish Fintech Open Payments Secures 1.2 MEUR Through Latest Seed Funding Round From Brightly Ventures & Luminar Ventures

Swedish fintech startup Open Payments announced on Tuesday it secured 1.2 MEUR through its latest seed funding round, which included investments from Brightly Ventures, Luminar Ventures, and selected angel investors. Founded in 2017, Open Payments provides what it believes the “groundbreaking market infrastructure” that is… Read More

FundedByMe Implements Stripe to Facilitate Smaller Transactions

Investment crowdfunding platform FundedByMe has added Stripe to its platform to more easily facilitate smaller transactions. The recently listed company said in a release: This to solve the complexity of the numerous smaller transactions in equity crowdfunding. During 2018 the smallest investment on the platform… Read More

Fintech Friendly Bank Nordea May Get Sucked into Money Laundering Scandal

Nordea Bank may be the next Scandinavian bank to get sucked into the money laundering scandal. Bloomberg is reporting that an upcoming broadcast that may reveal more details on money laundering have caused shares to drop. Apparently, a broadcast that will air by tomorrow will… Read More

Investment Crowdfunding Platform FundedByMe to List Shares on Nordic Growth Market

Sweden based FundedByMe has received approval to list its shares on the Nordic Growth Market (NGM), a regulated exchange that operates in Sweden, Finland, Denmark, and Norway. NGM is a wholly-owned subsidiary of Boerse Stuttgart. Shares in FundedByMe will commence trading on Friday, March 8, 2019 under… Read More

Swedish Fintech Tink Secures €56 Million Through Latest Investment Round Led By Insight Venture Partners

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it secured €56 million through its investment round, which was led by Insight Venture Partners. Founded in 2012, Tink stated its mission is to make banking “better” by creating technology to improve… Read More

Updated: Uniti Surpasses £1.2 Million During the Final Days on Crowdcube

Uniti, a Sweden founded electric car manufacturer, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.2 million in funding from over 1900 investors. The company launched the round in December, originally seeking £1 million for a 1.02% equity stake in the… Read More

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