Tagged: sweden

June 17, 2022 @ 6:06 pm By Omar Faridi  |  

SEB Venture Capital is making an investment in one of Europe’s “fastest-growing” automated savings platforms, Lysa. As part of the investment, SEB will “support the company’s continued growth and international expansion.” Lysa was founded in 2015 and has recently “become one of the largest and… Read More

June 10, 2022 @ 2:50 pm By Omar Faridi  |  

Instant payments are at “the top” of P27’s agenda. And more than a dozen banks connected to Swedish instant payments solution Swish are “set to test the Nordic payments platform by the end of the year.” Customer Relations Director Jacob Groth said: “We’re doing everything… Read More

June 10, 2022 @ 7:51 am By Omar Faridi  |  

Swedish firm Juni, a neobank focused on digital commerce entrepreneurs, has finalized a $206 million Series B and venture debt funding. The $100 million Series B investment round has been led by Mubadala Capital, whose international Fintech initiatives reportedly include investments in SpotOn, Brex, C2FO,… Read More

June 7, 2022 @ 9:50 am By JD Alois  |  

Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank. Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect… Read More

May 25, 2022 @ 12:33 pm By Omar Faridi  |  

Sveriges Riksbank has successfully completed the initial phase of the migration to TARGET Instant Payment Settlement (TIPS). As noted in the announcement, this paves the way for “the instant settlement of payments in Swedish kronor in TIPS.” The first phase included establishing “a connection between… Read More

May 24, 2022 @ 11:19 am By JD Alois  |  

Klarna, a global online lender in the hot buy now – pay later sector (BNPL) that only recently announced topping 150 million consumers, has issued a stark warning about the current economic environment. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, has shared “bad news” with its… Read More

May 20, 2022 @ 11:52 am By JD Alois  |  

Klarna, a European Fintech that also operates in North America (and an HQ in Columbus, Ohio), is reporting topping 150 million consumers. Klarna is mainly a payments provider including buy now – pay later (BNPL) services that cater to both businesses and individuals. Klarna describes… Read More

May 13, 2022 @ 6:02 pm By Omar Faridi  |  

Scila and Athens Exchange Group co-operates to offer a SaaS solution based on Scila Surveillance “for both Buy and Sell side members of the Athens exchange.” Piraeus Securities S.A. is reportedly “the first customer of the new service to go-live.” The Scila Surveillance software is… Read More

May 8, 2022 @ 12:00 pm By Omar Faridi  |  

Payer recently announced that Dominik Belloin, one of its board members, has been appointed as the new Chairman of the Board. Dominik Belloin “succeeds Annika Javestad, who served in the role during the development phase.” The appointment now “awaits the approval of the FSA.” Payer… Read More

May 6, 2022 @ 5:46 pm By Omar Faridi  |  

LexisNexis Risk Solutions, part of RELX, has announced the acquisition of BehavioSec, “an advanced behavioral biometrics technology provider.” Founded in Sweden in 2008 with a presence in the U.S., Canada and EMEA, BehavioSec provides “a highly predictive behavioral biometrics solution that uses behavior analysis for… Read More

April 24, 2022 @ 9:34 am By Omar Faridi  |  

Dreams, the financial wellbeing platform and “leader” in engagement banking solutions, recently announced the appointment of Russell Prince-Wright, Jason Curtis and Peter Hedlund, to join Dreams’ senior management team “as Regional Directors and drive the company’s B2B expansion.” Collectively, Russell, Jason and Peter “bring more… Read More

April 7, 2022 @ 10:27 am By Omar Faridi  |  

Kassio, a “crypto-for-everyone” platform that allows users to buy, sell, borrow, earn and utilize cryptos, has raised funds worth $1.6 million via its pre-seed round. Kassio has acquired the capital from two major European investment funds, and Aalto Capital, which has led the investment round…. Read More

March 30, 2022 @ 8:03 am By Omar Faridi  |  

Zimpler, a Swedish Fintech within the payments space, has secured new equity funding from Nordstjernan Growth, an arm of an established Swedish investment house “focused on long-term quality growth.” FT Partners advises leading Swedish account-to-account payment provider Zimpler (@zimplers) on its new equity funding round… Read More

March 16, 2022 @ 10:46 pm By Tony Zerucha  |  

Medius, a provider of source-to-pay solutions, today announced that global private equity firm Advent International has acquired a minority stake in the company. Following the deal, Marlin Equity Partners remains the firm’s majority shareholder. The terms of the transaction were not disclosed. Founded in Stockholm… Read More

March 11, 2022 @ 3:35 pm By JD Alois  |  

Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More

March 3, 2022 @ 8:31 am By Omar Faridi  |  

Fintech firm Freetrade reveals that they have received their license from Sweden’s financial regulator, Finansinspektionen. Freetrade confirms that their mission “to get everyone investing got a big boost this week, as we secured our licence from the Swedish financial regulator.” The company wrote in a… Read More

February 22, 2022 @ 2:20 am By Omar Faridi  |  

Swedish VC company Wellstreet has introduced a Fintech fund with an expected total of around $40 million. The funds will reportedly be directed towards early-stage B2B and infrastructure tech firms promoting greater overall efficiency in the international banking and Fintech sectors. Supported by experienced industry… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 3, 2022 @ 9:04 am By Omar Faridi  |  

TrueLayer, which is one of Europe’s Open Banking platforms, has announced its expanding operations into Sweden with the appointment of ex- Adyen executive Karl Hagner as its Country Manager. An experienced commercial manager, with a sharp focus on payments in digital commerce, Stockholm’s Karl will… Read More

February 3, 2022 @ 8:47 am By Omar Faridi  |  

Proprietary straight-through processing (STP) payments platform Billhop – which provides businesses process and capital efficiencies based on credit card infrastructure –  has acquired €10.5 million in capital, via a round led by EQT Ventures along with contributions from Element Ventures (currently awaiting SFSA approval). The… Read More