Tagged: sweden

Consumers Might Shift Financial Holdings to Stablecoin Denominated Assets if Existing Payments Systems aren’t Improved, Sweden’s Riksbank Says

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

Digital Transformation: Australia Might Be On Track to Become a Cashless Economy like Sweden due to COVID-19

Bank branches and ATMs might continue to disappear across Australia as the COVID-19 outbreak is expected to accelerate the shift towards a cashless economy. Local news outlet 7NEWS Sydney reports that the use of cash has been reduced by over 50% due to the Coronavirus… Read More

Slam. Report States that Swedbank and SEB Enabled Fraud Networks Including Failed P2P Lender Envestio

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More

Open Banking Platform Tink Debuts Business Account Aggregation Service

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, recently announced the launch of its new business account aggregation service. Tink revealed that by fetching real-time business data that was not easily accessible before, aggregation improves company efficiency and productivity, as well… Read More

Singapore’s Silverlake Symmetri Becomes Distribution Partner of Swedish Fintech Dreams’ Savings and Investment Platform in Asia, Middle East

Stockholm-based Dreams is a Fintech firm that focuses on providing a consumer-based app to help people live sustainably by developing good savings habits. The company’s app and services aim to help users make better use of their income, make smart investments, pay off debts, and… Read More

Sweden Fintech Anyfin Secures $30 Million Through Series B Funding Round Led By EQT Ventures

Anyfin , a Sweden-based fintech startup that enables consumers to refinance their existing loans with a picture, announced on Thursday it secured $30 million through its Series B funding round, which was led by EQT Ventures with participation from Accel, Northzone, Fintech Collective and Global… 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

Swedish Fintech Bokio, a Provider of AI-based Accounting Tools for Small Businesses, Secures €7.4 Million in Capital

Swedish Fintech firm Bokio, which provides an artificial intelligence (AI)-enhanced accounting tool for small businesses and freelance workers, has acquired €7.4 million in capital from existing investors. Bokio has also reportedly merged its business with Stockholm-headquartered competitor Red Flag. Bokio’s latest investment round received contributions… Read More

Tink Announces New Partnership With Sweden-Based Payments Platform Kivra

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it has joined forces with digital mailbox provider Kivra to make it “easier” to pay bills and invoices. According to Tink,  Kivra’s digital mailbox to more than 3.7 million users… Read More

Nordic-Baltic Banking Group, Swedbank, to Sponsor Global Hackathon to Find Solutions to Prevent Further Spread of Coronavirus

Swedbank AB, a Nordic-Baltic banking group headquartered in Stockholm, Sweden, is reportedly sponsoring a global hackathon, which will try to find solutions to deal with the  deadly Coronavirus (COVID-19) outbreak. The event, which is scheduled to take place between April 9-12, 2020, aims to be… Read More

Open Banking: Tink Acquires Eurobits Technologies for €15.5 million

Tink has acquired Eurobits Technologies, a provider of account aggregation services working with various banks and Fintechs. Current clients are said to include BBVA, Santander, La Banque Postale, and others. The purchase of Eurobits is expected to strengthen Tink’s bank connectivity coverage and buttress its… 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

Point of Sale: Klarna Reports Growth Alongside Annual Loss

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

First Equity Crowdfunding Offer for a Film Launched in Southeast Asia, Listed on FundedByMe

Stranger Pictures has launched the first equity crowdfunding offering for a film in Southeast Asia according to a note from the issuer. The securities offering is listed on global platform FundedByMe in Malaysia. FundedByMe is based in Sweden and is a publicly-traded company. The company… Read More

Swedish Banking Group Northmill Appoints Former Klarna Product Manager Arash Eftekhari As New Chief Product Officer

Northmill, a banking group based in Sweden, announced on Wednesday it has appointed former Klarna product manager, Arash Eftekhari, as its new Chief Product Officer. According to Northmill, Eftekhari will lead product development aiming to strengthen the connection between the product and the user. Northmill… 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

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

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