Tagged: sweden

January 22, 2021 @ 9:58 pm By Samantha Hurst  |  

  Northmill Bank, a neobanking group based in Sweden, announced earlier this week the launch of its new 24 months fixed-rate savings account with a 1.35% annual interest rate and state-provided deposit insurance up to SEK 1,050,000. The third savings account’s launch comes almost exactly… Read More

January 18, 2021 @ 3:01 pm By Samantha Hurst  |  

  Minna Technologies, a Sweden-based subscription software management business, has secured €15.5 million through its Series B investment round, which was reportedly led by  Element Ventures, with participation from MiddleGame Ventures, Nineyards Equity, and Visa, Launched in 2016, Minna Technologies is an FSA authorized FinTech… Read More

November 25, 2020 @ 3:34 pm By Samantha Hurst  |  

Northmill Bank, a neobanking group based in Sweden, recently announced it has joined forces with open banking platform Tink. Northmill reported that the partnership will allow the bank to add another layer of intelligence to its credit assessments. While speaking about the partnership, Babel Poli,… Read More

November 20, 2020 @ 10:51 am By Samantha Hurst  |  

Juni, a Sweden-based fintech startup, announced on Thursday it secured €2 million through its Seed funding round, which was led by Cherry, an early stage European venture fund. The company reported that it was created by a group of marketers and fintech entrepreneurs tired of “modern”… Read More

November 16, 2020 @ 9:07 pm By Omar Faridi  |  

Trade finance Fintech firm Mitigram, which serves as a global platform for funding and hedging against trading risks, recently celebrated five years since its launch. Mitigram claims that it’s the first major digital market network for corporates, traders and financial institutions. Established in 2015, the… Read More

November 9, 2020 @ 8:41 am By Samantha Hurst  |  

Payer Financial Services, a Sweden-based fintech, announced on Monday it has launched beta testing for its new B2B e-commerce product. Founded in 2007, Payer states it has delivered smart and secure payment solutions for e-commerce. The company claims to be one of the leading Nordic… Read More

October 26, 2020 @ 11:38 am By JD Alois  |  

Kale United AB is returning to the European crowdfunding platform FundedByMe a 4th time to raise capital online. Launching to the public on November 23rd, 2020, Kale says it has already attracted over €1 million from private investors prior to the public offering. Investors Dismatrix… Read More

September 21, 2020 @ 8:45 am By JD Alois  |  

Tink, a leading Open Banking platform, has acquired an aggregation platform operated by OpenWrks. Tink is making the move to strengthen its position in the UK while buttressing its European expansion. The acquisition is also part of a strategic partnership where OpenWrks will power its… Read More

September 19, 2020 @ 5:13 pm By Omar Faridi  |  

Singapore, Helsinki (in Finland) and Zurich (in Switzerland) have been named as the world’s “smartest” cities during this year. They’ve managed to outperform other major European and global financial hubs, according to the Smart City Index Report for 2020. Geneva is another Swiss city that… Read More

September 9, 2020 @ 9:51 am By Omar Faridi  |  

Sweden’s Buy Now, Pay Later firm Klarna is reportedly planning to secure $500 million in capital via an investment round which could double its valuation to around $10 billion, according to a recent report from Reuters (which cited sources familiar with the matter). Klarna had… Read More

August 24, 2020 @ 10:44 am By Samantha Hurst  |  

Open Payments, a Sweden-based fintech, announced on Monday it secured €3 million through its seed funding round, which was led by Industrifonden, with participation from existing investors Brightly Ventures, Luminar Ventures, and angel investors. Founded in 2017, Open Payments states it provides the groundbreaking market… Read More

August 19, 2020 @ 8:11 am By JD Alois  |  

Peer to peer lender Assetz Capital has announced a partnership with Aros Kapital to assist with lending under the Coronavirus Business Interruption Loan Scheme (CBILS). Assetz Capital was approved for accreditation as a CBILS lender in May. Gustav Rocklinger, CEO at Aros Kapital Limited, stated:… Read More

July 28, 2020 @ 3:13 pm By JD Alois  |  

Dubai Economy (Dubai Department of Economic Development or DED) and Emirates NBD, a leading banking group in the MENAT region (Middle East, North Africa, and Turkey), have announced the go-live of the UAE KYC Blockchain Platform. The project is described as an initiative that facilitates… Read More

June 26, 2020 @ 7:25 am By Omar Faridi  |  

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

June 21, 2020 @ 3:08 pm By Omar Faridi  |  

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

June 16, 2020 @ 11:21 am By JD Alois  |  

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

June 8, 2020 @ 11:47 am By Samantha Hurst  |  

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

May 20, 2020 @ 4:57 pm By Omar Faridi  |  

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

May 15, 2020 @ 1:38 pm By Samantha Hurst  |  

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

May 8, 2020 @ 7:46 am By Omar Faridi  |  

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