Tagged: copenhagen

Digital Assets: Denmark’s Northstake, Coinify to Offer Regulated Institutional Staking Services

The partnership will see Northstake extend its virtual asset investment products to Coinify’s premier clients, accelerating institutional exposure to the crypto-staking industry. Northstake A/S, a regulated virtual asset service provider offering compliant staking products for institutions, has announced a strategic partnership with Coinify. Coinify is… Read More

European Fintech Inpay Posts Solid Results, Announces UK Expansion Plans

Inpay’s Annual Report for 2022, released at the company’s AGM in Copenhagen, Denmark, announced solid results “for the international payments firm and outlined plans for significant future growth within their UK office (London) and internationally across Asia, the Middle East and Europe.” As noted in… Read More

Mazepay, the Fintech Platform Enhancing B2B Payments, Raises €4M

Mazepay, the Danish Fintech platform that simplifies long-tail procurement and B2B payments, has “raised a €4M growth round, led by Scale Capital.” Participants in the investment round “include international investment firm Hambro Perks, and London-based early-stage venture capital firm Outward VC. Mazepay will use the… Read More

Logpoint Predicts CISOs Will Face “Daunting” Challenges in 2023 Amidst New Cybersecurity Legislation

Logpoint has released its predictions for 2023, foreseeing that CISOs [Chief Information Security Officers] will “face daunting challenges amidst global economic uncertainty and comprehensive new cybersecurity legislation focusing more on businesses’ cybersecurity practices.” According to Logpoint CTO Christian Have, cybersecurity now “has the attention of… Read More

BNP Paribas Asset Management Acquires Majority Stake in International Woodland Company

BNP Paribas Asset Management announces the acquisition of a majority stake in Danish natural resources specialist International Woodland Company (IWC). IWC is headquartered in Copenhagen and reportedly “has more than 30 years’ experience in providing investment management and advisory services within sustainable timberland investments, agriculture… Read More

Mastercard Teams Up with Copenhagen Fintech to Strengthen Collaboration with Nordic Fintechs

Copenhagen has a strong fintech ecosystem and a “leading” position among fintech hubs globally, according to an update from Mastercard (NYSE: MA). The hub connects both start-ups, established companies and organizations “focusing on innovation and new opportunities.” Mastercard is “committed to empowering the growing fintech… Read More

Martin Hegelund: Co-Founder at Ageras Group Explains How their “Financial Cockpit” Helps SMBs with Financial Needs

Ageras Group, based in Denmark, recently raised €35 million from CIBC Innovation Banking, according to a corporate statement. Ageras, launched in 2012, has broadened its services over time and now provides a “financial cockpit” for small businesses, including banking accounting, invoicing, payroll, and more. CIBC… Read More

Danish Fintech Vibrant Finalizes €4M Round to Help Mobile Phones Accept Card Payments

Vibrant, the Danish app that turns Android mobile devices into points of sale, has raised a €4 million seed round led by byFounders, with Luminar Ventures participating. Vibrant’s mission is “to make monetary merchant-customer transactions easier and more accessible than ever before.” According to Visa,… Read More

Denmark’s Keepit Acquires $22.5M in Capital from Silicon Valley Bank

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

Softpay.io Teams Up with Payments Firm Amadis for Tap-to-Pay Rollout

Amadis, a payment software and consulting provider, has announced a partnership agreement with Softpay.io in order to offer its Universal EMV Level 2 Framework & pre-certified Kernels “for integration into Softpay’s new Tap-to-Pay service.” Softpay’s Tap-to-Pay service can be “downloaded into any Android device and… Read More

Copenhagen’s Danske Bank Tests Quantum Communication for Enabling Secure Data Transfer

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

Copenhagen’s Danske Bank has Laid Off 257 Workers as it Adapts to Structural Changes in Financial Sector

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, recently laid off 257 workers and finalized voluntary redundancy terms with another 261 employees as part of the banking service provider’s 2-year strategic overhaul of operations. The recently announced… Read More

Copenhagen based Danse Bank Partners Fintech Zenegy to Automate Payment Processing with Corporate Cards

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, has partnered with Fintech firm Zenegy in order to launch a new service that will automate the processing of payments made with corporate cards. The payment processing service will… Read More

Eran Noam From Shield Explains How Natural Language Processing and Financial Context Recognition Help with Business Compliance Processes

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

Copenhagen Fintech Partners with United Nations Development Fund to Launch Operations in Singapore to Address Climate Change, Alleviate Poverty

Copenhagen Fintech, a Denmark based organization supporting financial technology, is teaming up with the United Nations Development Program (UNDP) and several other organizations in order to help Nordic Fintechs with launching operations in Singapore. The initiative is aimed at assisting Nordic Fintechs with setting up… Read More

Euronext, a Leading European Securities Exchange, to Acquire 70% of the Shares of VP Securities, a Denmark-based Post-Trade Utility Service

Euronext, a leading European securities exchange, will be acquiring 70% of the shares of VP Securities, a Danish post-trade utility service. The shares will reportedly be acquired from existing owners, which include Denmark’s reserve bank, Danske Bank, Nykredit, Nordea and Jyske Bank Euronext’s management confirmed… Read More

Open Banking Platform Nordic API Gateway Acquires €4.6 Million in Capital via Internal Investment Round

Open Banking platform Nordic API Gateway has acquired an additional €4.6 million in capital through an internal investment round, which was supported by the firm’s partners, Danske Bank, and DNB. Nordic API Gateway has now raised a total of €13.3 million. The capital acquired will… Read More

Brief: Copenhagen Fintech Hub Officially Opens

Financial Services Union Denmark, the City of Copenhagen and the Danish Bankers Association announced the opening of the new fintech hub, Copenhagen Fintech.  Copenhagen Fintech is described as a non-profit association open to companies and organizations with interests within the fintech area. The hub was notably established… Read More

Nonprofit Organization Seeks $300,000 on Boomerang to Help Save Historic Copenhagen Atheneum Bookshop

Hoping to save one of Copenhagen’s historic businesses, Atheneums Venner (Atheneum’s Friends), a non-profit organization, has launched a campaign on Dutch crowdfunding platform Boomerang to raise $300,000 in order to keep the Atheneum bookshop from closing its doors for good. The bookshop was established in1874 and is… Read More

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