Tagged: sweden

Fintech Klarna Reports Significant Losses, while Demand for BNPL Products Continues to Surge

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

Sweden based Fintech Näktergal Acquires €1M to Enhance its Cloud based Digital Lending Platform

Swedish Fintech firm Näktergal, which supports financial institutions with Cloud-powered platform solutions for digitized lending, has acquired EUR 1 million in capital via an investment led by Katalysen & Partners. Other investors are Stefan Backlund, ex- VP Marketing & Communications at Trustly, Jon Wimmercranz, ex-… Read More

Global Fintech Klarna Introduces “Pay Now” Option in the US

Klarna, an international retail bank, payments, and shopping service provider, has announced the addition of “Pay Now” to its range of payment options available in the United States. As noted in the update, this payment method should allow clients to make payments immediately and in… Read More

Fintech Klarna Reports that Many Consumers Plan to Ditch Credit Cards for BNPL, Flexible Payment Plans

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

Stockholm’s Scila AB, a Provider of Trade Surveillance, AML Tech, Establishes New Singapore Office

Scila AB, the Stockholm-headquartered independent provider of trade surveillance, anti-money laundering and risk management tech, has established a new regional office in Singapore “covering the Asia-Pacific region.” As mentioned in a release, Scila has worked cooperatively with clients in the APAC region since 2009, and… Read More

Stockholm’s Quartr, a Startup Improving Interactions between Firms and Investors, Secures $4.5M

Quartr, which is the app that gives investors on-the-go access to company details, has secured $4.5 million via a seed round from prominent investors. The firm’s investment round has reportedly been led by The Öhman Group with established investors such as Michael Batnick, Ben Carlson,… Read More

Swedish Fintech Dreams Appoints Stefan Krafft as VP of B2B Marketing

Swedish Fintech firm Dreams has appointed Stefan Krafft as its new VP of B2B Marketing to support the next phase of international expansion Dreams, the financial wellbeing platform and leader in engagement banking solutions, notes in a release shared with CI that Krafft will focus… Read More

TietoEVRY Unveils New Business Strategy with Focus on Cloud Solutions, Financial Services

TietoEVRY is announcing its new strategy to promote better customer value and growth via specialization. The technology industry is being transformed with the Cloud as the foundation, offering expansion opportunities for the firm. Expansion will mainly focus on Cloud-native services, data & software engineering and… Read More

Klarna, FreedomPay to Offer US Stores a Payments Makeover Ahead of Holidays

FreedomPay, a consumer-focused commerce platform, has performed an integration with Klarna, the international retail bank, payments and shopping service. Beginning today (October 7, 2021), FreedomPay’s US merchants may provide Klarna’s interest-free payment services at checkout in-store, which should help with boosting sales and “bringing added… Read More

Confidus Venture Capital Invests in Centiglobe, an Instant International Payment Solution Provider

Confidus Venture Capital recently revealed that it has concluded an agreement to acquire an equity stake in Centiglobe, a Stockholm-headquartered Fintech firm providing an Instant Global Payment platform. Peter Dahlgren will reportedly be joining the Board of Directors. The total investment will “exceed EUR 5… Read More

Neonomics Partners with Zavann to Simplify Electricity Billing Process by Enabling Open Banking Payments

Zavann, a Sweden-headquartered SaaS firm that’s owned by EG and offers data-driven offerings for electricity suppliers across the country, has teamed up with Neonomics, an Open Banking platform for improving the way in which clients receive and settle their electricity bills. As noted by its… Read More

Eventus Systems, a Multi-Asset Class Trade Surveillance and Market Risk Solutions Provider, Makes Key Appointments

Eventus Systems, Inc., an international provider of multi-asset class trade surveillance and market risk solutions, reveals that it has made several key appointments in Europe as part of the company’s growth in the region and globally. Bringing considerable experience into the new roles are Ollie… Read More

EstateGuru Reports Solid Monthly Performance with Investors Financing 84 Loans Valued at €17.M

In August 2021, investors remained quite active on European online investment platform EstateGuru and financed a total of €17.0M worth of loans (84 loans). As expected, the top-performing markets on EstateGuru this past month were Estonia and Germany, with loan volumes of €5.3M and €6.9M,… Read More

Stockholm’s Qred, a Small Business Lender, Acquires Substantial Investment from Nordic Capital

Stockholm-headquartered Qred, a small business lending service provider, has reportedly received a substantial investment from Nordic Capital. Although the exact amount invested has not been shared publicly, Sweden’s Breakit.se reveals that Nordic Capital may have invested just over half a billion kronor (appr. €49 million)… Read More

Fintech Briqpay, a B2B Checkout Solution Provider, Acquires €2M via Seed Round led by eEquity, Others

It’s been almost a year since Briqpay unveiled the launch of its B2B checkout solution together with the closing of a €606K pre-seed round. On Tuesday (August 24, 2021), Briqpay announced the closing of a €2M seed round that has been co-led by partners from… Read More

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

Send this to a friend