Tagged: sweden

Fintech Klarna to Provide More Streamlined Digital Commerce Experience

Klarna, a global payment provider and shopping assistant, has launched “Sign in with Klarna” to offer consumers a smoother shopping experience with increased control over their own data. The service saves time for consumers “by fast-tracking the online purchase process and, if they consent to… Read More

Swedish Fintech Intergiro Partners wth Silverflow, a Cloud Platform for Global Card Processing

Intergiro, a Swedish fintech provider of payment and banking infrastructure, has announced a new partnership with Silverflow, a cloud platform for global card processing. This move will allow Intergiro to “offer its clients enhanced card network functionality, increased processing efficiency, and access to card scheme… Read More

Fintech Firm Savelend Shares Updated Growth Strategy

The board of SaveLend Group AB has updated the growth strategy and adopted new financial goals for the group until 2027. By 2027, the company aims to have “a net revenue exceeding MSEK 450 with an EBIT margin of at least 27%.” SaveLend Group is… Read More

Crowdfunding: Trine Approved Under ECSPR, Will Now List Securities Across the EU

Renewable/green investment crowdfunding platform Trine has been approved under new European Union rules to sell securities across all member states. ECSPR, or European Crowdfunding Service Provider Regulation, is now in place, enabling platforms to sell securities online across the EU. To be able to provide… Read More

SaveLend Announces New CFO

SaveLend Group AB has announced the appointment of Jenny Gabrielsson as its new Chief Financial Officer. She will replace Jonas Ahlberg, who will remain with the company, continuing as Deputy CEO. SaveLend offers a savings platform (SaveLend) and the billing platform Billecta. SaveLend offers peer-to-peer… Read More

Global Fintech Klarna Reports Profitable Quarter

Klarna, the AI-powered global payments network and shopping service assistance provider, reported its latest financial results revealing “a net profit in Q3 2023.” Sebastian Siemiatkowski, CEO of Klarna said: “With a profitable quarter and continuous double digit growth, we have achieved exactly what we set… Read More

Digital Asset Bank Sygnum, Float, Fasanara to Tokenize Private Debt Markets

Sygnum, the digital asset bank, announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in Fintech, is acting “as senior lender.” New asset token offering “gives clients direct access to a unique… Read More

Insurtech bolttech Partners with Three Sweden to Offer Device Protection Solutions

International insurtech bolttech announced its partnership with Three Sweden, an innovative telecommunications service provider based in Sweden, in order “to offer comprehensive device protection solutions to customers both online and in-store.” This strengthens bolttech’s existing collaboration “with CK Hutchison Holdings (CKHH), building on other key… Read More

Payment Infrastructure Fintech Token.io Announces Scandinavian Expansion with Paysafe

Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark and Finland, where it now “offers Account Information Services (AIS) and Payment Initiation Services (PIS) services.” This unlocks new opportunities “for Payment Service… Read More

Sweden: BNPL Waylog Reports Solid Growth Helped by Froda Partnership

Young buy now pay later (BNPL) provider Waylog is reporting solid growth. Founded in 2022, the Sweden-based Fintech reports going from SEK 20 million to over SEK 500 million ($46 million USD). According to a statement from the lender, a new partnership with Froda is… Read More

Sweden’s Brite Payments Raises $60M to Support Instant Bank Payments Across Europe

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

Sweden’s Qred Now One of Europe’s Newest Banks, Appoints Mattias Carlsson as Chair of the Board

Qred, Sweden’s fintech company, is announcing that the banking license the company acquired in May is now “activated and the company is officially a bank.” In addition to this, Qred is re-appointing Mattias Carlsson, former long standing CEO of TF Bank, as Chair of the… Read More

Stockholm-based Fintech Treyd Acquires Additional Funding in Extension of Series A Round

Treyd, the Stockholm-headquartered Fintech that pays suppliers upfront on behalf of growing retail businesses, announces the completion of a $12 million (£9 million) extension of its March 2022 Series A funding. The extension funding brings the total investment in Treyd to $25 million (£20m). The… Read More

BNPL Sileon and Zorrz Finance Partner Up

Zorrz, a UK-based Fintech that has created an AI-powered tool for credit analysis, has partnered with BNPL Sileon. Sileon is based in Sweden and specializes in “card-based Buy Now Pay Later” offerings. Sileon is listed on the Nasdaq First North Growth Market and has approximately… Read More

Nordic Capital to Sell Macrobond, a Tech Platform Providing Financial Data, to Francisco Partners

Nordic Capital has agreed to sell Macrobond, a global provider of software and macroeconomic and financial data, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. Since its initial investment in 2018, Nordic Capital has together “with the management and… Read More

Digital Payments: Lunar Introduces Infrastructure to Enable Instant Payment Options in the Nordics

Lunar opens up infrastructure to enable instant payments in the Nordics. Strong demand from both national and international payment players “drives Lunar to open up its Nordic payment infrastructure to partners.” Starting August 1st Swedish Fintech Trustly will be the first partner “to tap into… Read More

Nordic Region’s Danske Bank Announces Forward ‘28 Strategy, Financial Targets for 2026

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

Denmark: SaveLend Approved to Acquire Lunar Bank’s P2P Lending Business

SaveLend Group has received regulatory approval from the Danish FSA (Finanstilsynet) to acquire Lunar Bank’s peer-to-peer lending business. According to a statement by SaveLending, the P2P business will now be migrated over to Savelend in the coming months. The acquisition includes all customer relations with… Read More

Artificial Intelligence: Sana Raises Additional $28M Led by NEA to Build Universal AI Platform for the Enterprise

Sana, the AI-powered learning and knowledge platform, announced it’s landed another $28M in an opportunistic investment round led by NEA. Workday Ventures also joined the round. With a combined total of $62M in Series B funding, the Swedish-born scaleup is now “one of the most… Read More

AI-Powered Lender Qred Granted Bank License by Swedish Financial Supervisory Authority (SFSA)

Qred, which claims to be one of Europe’s fastest-growing companies, has been granted a full bank license by the Swedish Financial Supervisory Authority (SFSA). Using its proprietary AI-powered financing platform, Qred has since inception in 2015 “issued over 100,000 loans to small businesses in the… Read More

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