Tagged: sweden

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

Brite Payments Announces Its Instant Payments Network to Support Payouts Across Europe

Brite Payments, one of Sweden’s fastest growing fintechs and a leader in instant bank payments, announced its Brite Instant Payments Network (IPN). Brite IPN is a proprietary network “that leverages the capabilities of open banking to give merchants and businesses a complete, out-of-the-box instant payments… Read More

European Union: Council Adopts Crypto Framework or Markets in Crypto-Assets (MiCA)

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

Sweden’s Nordea Finalizes Acquisition of Digital Pension Broker Platform Advinans

Nordea has completed the acquisition of the Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals. The acquisition reportedly “strengthens Nordea’s life and pension offering in Sweden and accelerates the bank’s strategic ambitions within savings.” The acquisition of Advinans fits well with… Read More

Stockholm based Personal Finance Co. Diversifies Portfolio with Loans on Mambu

P.F.C. (Personal Finance Co.), a Stockholm-based fintech, announced that its customers can now take out personal loans directly in the app, extending the range of financial services it provides on Mambu’s cloud banking platform. Mambu’s rapid deployment capability enabled P.F.C. “to configure the personal loan… Read More

Open Banking, Credit Scoring Fintech Kreditz Receives Investment from Ingka Investments

Ingka Investments has made a minority investment together with Creades in Swedish based credit information startup called Kreditz, a Nordic market leader in credit scoring and verification services based on Open Banking and PSD2 data. The investment is “part of Kreditz’s latest funding round with… Read More

Bits Technology Finalizes €4M Seed Round to Serve as European Business Identity Platform

Bits Technology, the Stockholm-based startup that focuses on business and customer identity, announces a new €4 million seed funding raise that will help the company further its mission of reshaping how future fintech products are built. Bits will use the funds from the investment round… Read More

Mars Growth Capital, Liquidity Group Enter the Nordics with Investment in Sweden’s Kognity

Mars Growth Capital, a joint venture between MUFG and Liquidity Group, announced their first Nordic deal, with a $5 million funding in Kognity, an edtech company headquartered in Sweden. Kognity offers a digital teaching and learning platform “used by more than 140,000 students in 1,300… Read More

Fintech Klarna Introduces Conscious Badges Enabled by Clarity AI, the Assessment of Electronics Brands’ Environmental Achievements

Klarna, a global payments provider and shopping service, announced the launch of conscious badges in the Klarna App in collaboration with Clarity AI, the global sustainability tech platform. Klarna continues “to evolve beyond payments to become a starting point for every purchase for 150 million… Read More

European BaaS Platform Intergiro, Retreeb to Launch Sustainable Payment Solution

Intergiro, a European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes. This partnership marks a significant milestone “towards the launch of Retreeb‘s sustainable payment solution and reinforces its commitment… Read More

BNPL: Klarna Reports Soft Quarter, Loses Almost $1 Billion for the Year

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

Doconomy Acquires Stockholm’s Engagement Banking Platform Dreams Technology

Doconomy, the climate technology startup helping banks, brands, and consumers to better understand and reduce their environmental impact – has acquired Stockholm-based financial wellbeing fintech Dreams Technology. This marks the “first” deal of its kind “to bridge the unique intersection of behavioural economics and climate… Read More

SaveLend Approved for Securities Crowdfunding License by Swedish Financial Supervisory Authority

SaveLend Group has received a license to operate as an investment crowdfunding provider following the approval of the Swedish Financial Supervisory Authority SBL Finans AB (publ), a subsidiary of SaveLend Group AB, will now be able to passport its services throughout Europe. In 2021, the… Read More

Swedish FSA Grants Binance Seventh Regulatory Approval in European Union

Binance is pleased to announce that Binance Nordics AB has been “granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” This follows months of “constructive engagement” with the regulator. Binance Nordics AB reportedly… Read More

Sweden’s Intergiro Announces Free Business Banking Services for Merchants to Combat Inflation

Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services “to merchants who open a merchant business account with the company.” This move comes in response “to rising inflation rates and uncertain market conditions, which places pressure… Read More

Coinshares Trades on NASDAQ Stockholm

CoinShares International Limited (Nasdaq Stockholm: CS)(OTCQX: CNSRF), a European digital asset platform, has listed its shares on Nasdaq Stockholm’s main market. CoinShares was approved to trade its shares earlier this month with a prospectus published on December 14th. There was no capital raise with the… Read More

SaveLend Reports Results of Option Redemption

SaveLend Group AB, a savings platform for savers to generate yield through credit, such as SME, real estate, consumer credit, and factoring in both SEK and EUR, has announced the outcome of the option redemption. According to a statement by SaveLend,  the company has received… Read More

Fintech Firms Froda, Treyd to Offer Merchants Growth Financing

Two of Sweden’s “fastest-growing” Fintech companies are joining forces in a partnership “to provide easier and more accessible growth financing for retailers that import goods.” A unique, simple, and completely digital credit scoring process “enables small and medium-sized businesses to quickly get financing with fair… Read More

Valour Inc. Announces Partnership with Autostock, a Swedish Trading Platform

Valour Inc., a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, announced a partnership with Autostock, a Swedish trading platform “to launch an automated trading strategy designed to capture weekly effects… Read More

Fintech Zimpler to Expand to Latin America, Opens Office in São Paulo

Zimpler, which claims to be a leading fintech company born in Sweden, announced that it will expand its operations to Latin America. The company has “established its LatAm headquarters in São Paulo, catering to the growing local and regional markets.” Zimpler plans “to introduce their… Read More

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