Tagged: sweden

August 17, 2022 @ 4:36 pm By Omar Faridi  |  

Zimpler, a Fintech company based in Sweden, has partnered with Fintech startup Gigapay in order to offer content creators with a seamless payout management system. Gigapay was reportedly the first to accommodate freelancers without a registered firm and now thanks to their collaboration with Zimpler,… Read More

August 17, 2022 @ 1:30 am By Omar Faridi  |  

Bricknode, a software-as-a-service (SaaS) financial services platform, recently revealed that Lenpals, a Fintech firm offering short-term personal loans, has chosen its loan management solution, Bricknode Lending. Lenpals is being introduced to help with redefining or trasnforming the short-term lending sector and provide affordable and responsible… Read More

July 21, 2022 @ 11:54 am By Omar Faridi  |  

AQRU plc, an incubator specializing in decentralized finance (DeFi), announces that its wholly owned subsidiary, Accru Finance Ltd., has entered into a partnership with Sweden’s crypto company Quickbit eu AB (publ), in order to “bring its yield generating products to a wider audience.” Quickbit is… Read More

July 19, 2022 @ 11:17 pm By Omar Faridi  |  

Zimpler, which claims to be a leading Fintech company born in Sweden, recently announced that it has gone live in Norway. Following Sweden, Finland, Germany, Estonia, The Netherlands, Latvia and Lithuania, Norway becomes the eighth market “to offer Zimpler’s account-to-account payments solutions.” The first merchant… Read More

July 13, 2022 @ 6:10 pm By JD Alois  |  

Quartr, a Swedish Fintech, has added $2.6 million to its seed round to bring the total to $7.1 million. Quartr is a platform that helps manage investor relations for publicly listed firms. to distribute information globally and reach a wider audience while delivering insights and… Read More

July 12, 2022 @ 9:53 am By JD Alois  |  

As was previously reported, Klarna has raised $800 million in funding but at an even lower valuation. Klarna raised the capital at a “post-money” valuation of $6.7 billion. This is a profound drop in valuation as Klarna was valued at $45.6 billion in the not-so-distant… Read More

July 11, 2022 @ 1:51 pm By Omar Faridi  |  

Brite Payments is set to significantly enhance monthly paid subscriptions with the launch of its recurring payments service. The Stockholm-based company claims it is set “to improve consumer convenience for subscription-based online businesses with its innovative, customer-first payment technology, as well as providing significant advantages… Read More

July 1, 2022 @ 4:10 pm By JD Alois  |  

  Multiple reports are indicating that Fintech lender and digital bank Klarna will be raising new capital at a $6.5 billion valuation. This is a huge haircut from its last valuation which saw the firm raise money at a whopping $45.6 billion. It was reported… Read More

June 25, 2022 @ 10:24 am By Omar Faridi  |  

Klarna, a digital bank, payments, and credit provider, announced the launch of its new Loyalty Card feature in the Klarna App. This allows app users “to store and access their physical loyalty cards as digital versions.” They can then “collect all points and benefits at… Read More

June 24, 2022 @ 9:54 am By Omar Faridi  |  

  Fintech firm Northmill, which has the vision to improve financial life, launches Apple Pay for all its card users. It gives users “a safe and simple way to pay with iPhone and Apple Watch.” Northmill has also “introduced an account and a card –… Read More

June 22, 2022 @ 7:59 am By Omar Faridi  |  

SEB reveals that it’s entering into a strategic cooperation with tech firm Leneo, acquiring a part ownership stake through SEB Venture Capital. The company has “developed a platform that helps companies to switch to new business models, where instead of selling products they sell a… Read More

June 21, 2022 @ 3:17 am By Omar Faridi  |  

Steven, which keeps track of costs shared between friends and family, and are on a mission be the “number 1 solution” for controlling your personal finances in Sweden and in their target markets, has secured 114% (€685,470) of its €600,000 target (at the time of… Read More

June 17, 2022 @ 6:48 pm By JD Alois  |  

Klarna, a European buy now – pay later (BNPL) platform that has experienced rapid growth, is planning to raise additional funding in a down round that may be a warning sign for the entire BNPL sector. According to a report by WSJ.com, Klarna is aiming… Read More

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