Tagged: sweden

June 24, 2021 @ 8:02 am By Omar Faridi  |  

Visa (NYSE: V) will be acquiring European Open Banking Fintech Tink for €1.8 billion. The acquisition should help with filling a Plaid-shaped hole in Visa’s existing portfolio after a $5.4 billion deal to acquire the financial data-sharing firm was unsuccessful (following pushback from regulatory authorities)…. Read More

June 23, 2021 @ 8:13 am By Omar Faridi  |  

Billhop and ICS have teamed up to improve working capital access for SMEs across the Netherlands. Through the partnership, ICS commercial cardholders, based in the Netherlands, will have access to Billhop’s service “at a preferential rate,” according to a release shared with CI. As mentioned… Read More

June 23, 2021 @ 8:10 am By Omar Faridi  |  

Konfio has announced a $125 million Series E round with VEF investing an additional $20 million in the company’s operations. The team at VEF announced on Tuesday (June 22, 2021) a $20 million follow-on investment into Konfio, which is one of Mexico’s leading SME-focused Fintech… Read More

June 22, 2021 @ 1:35 pm By Tony Zerucha  |  

Buy now pay later (BNPL) startup Klarna’s second raise of 2021 has it valued at close to 50 percent above its post-raise valuation in March. It now sits at $45.6 billion. The latest raise brought in another $639 million and was led by SoftBank’s Vision… Read More

June 17, 2021 @ 11:39 pm By Tony Zerucha  |  

Goobit Group and Xpecunia Nordic are collaborating on “green” cryptocurrency. The deal gives Goobit exclusivity to sell Xpecunia Nordic-produced crypto across the Nordic countries. Those coins are produced with green energy like solar and will be available on Goobit’s BTCX exchange. “BTCX is Sweden’s oldest… Read More

May 31, 2021 @ 7:59 am By Omar Faridi  |  

Sweden’s reserve bank will reportedly be working cooperatively with commercial lender Handelsbanken in order to test out how the nation’s proposed digital currency, the e-krona,  may handle payments in the real world, the Riksbank revealed on Friday (May 28, 2021). Reserve banks across the globe… Read More

May 19, 2021 @ 2:02 pm By JD Alois  |  

Sweden-based Insurtech Hedvig has announced an expansion across Europe starting with Denmark. Hedvig reports that hundreds of Danes have signed onto Hedvig’s waiting list for a new type of home insurance. The digital-first insurance platform claims that it can manage claims in about eight minutes…. Read More

May 18, 2021 @ 6:52 am By Omar Faridi  |  

Sweden’s Open Banking Fintech Tink has reportedly acquired German equivalent FinTecSystems. The latest acquisition by Tink should help the firm further expand its business operations across Europe. FinTecSystems aims to offer advanced data analytics, digital or online account checks, account aggregation and also supports Open… Read More

May 1, 2021 @ 3:56 pm By Omar Faridi  |  

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

April 15, 2021 @ 10:19 am By JD Alois  |  

Solar investment marketplace Trine is reporting that a debt offering seeking €750 000 closed in just 5 hours, the fastest loan funded through Trine’s impact investment platform to date. The investment platform said that the debt financing for Redavia, a firm offering solar farms to… Read More

April 15, 2021 @ 10:00 am By Omar Faridi  |  

We recently caught up with Kris Vaivods, CEO at Vorto Gaming, a blockchain startup planning to carry out an initial public offering (IPO) on the Swedish stock exchange later this year. Kris is the Founder of the Vorto Games subsidiary vz games and is part… Read More

April 12, 2021 @ 8:04 am By Omar Faridi  |  

As it prepares to introduce services in Sweden, Freetrade, a commission-free trading app that’s regulated by the UK Financial Conduct Authority (FCA), has hired Karl Broomé to serve as ts MD to oversee the market activities. Broomé has joined Freetrade after having worked previously in… Read More

March 29, 2021 @ 9:22 am By Samantha Hurst  |  

Safello, an online cryptocurrency brokerage that is regulated as a financial institution with Finansinspektionen (Swedish FSA), announced on Monday it has acquired Rational Money AB, the company behind Bitcoin.se, a Sweden-based educational portal on cryptocurrencies. Safello claims that since 2012, Bitcoin.se has played a vital role in… Read More

March 22, 2021 @ 2:15 pm By Samantha Hurst  |  

Zaver, a Sweden-based fintech that allows merchants to accept careless payments and offers buy now, pay later (BNPL), has reportedly secured $5 million through its new funding round, which involved participation from  Inbox Capital, Inventure, Fredrik Österberg, Magnus Rausing, Joen Bonnier, Fabian Hielte, and Max… Read More

March 9, 2021 @ 8:29 am By JD Alois  |  

Juni, a digital banking startup based in Sweden, has enlisted TruNarrative’s Regtech services to onboard customers in a compliant manner. Juni is in pre-launch mode having raised about €2.18 million in seed funding. Created last year, Juni was founded by Samir El-Sabini and Andres Orsedal…. Read More

February 19, 2021 @ 10:19 am By Samantha Hurst  |  

  Insurely, a Sweden-based open insurance platform, has reportedly secured €2.5 million through its latest investment round. According to Silicon Canals, the investment round was led by Swedish venture capital firm, Luminar Ventures.  Founded in 2005, Insurely states it is on a mission to digitize… Read More

February 17, 2021 @ 8:16 am By Omar Faridi  |  

Billhop, a Swedish Fintech firm that makes invoices and bills payable by card payments, has acquired €4 million in capital through a Series A round from financial technology VC Element Ventures. Billhop’s services aim to address the issue of low card acceptance in supplier payments… Read More

February 12, 2021 @ 8:26 am By Samantha Hurst  |  

  Northmill Bank, a neobanking group based in Sweden, announced on Thursday it raised SEK 250 million through its latest investment round, which was led by M2 Asset Management, a Swedish investment company controlled by Rutger Arnhult, and the institutional investor and asset management firm… Read More

January 23, 2021 @ 5:26 pm By Omar Faridi  |  

Sweden-based payments company Trustly is reportedly planning to conduct an initial public offering (IPO) during the second quarter of this year. The IPO might value the firm at around €9 billion. Trustly’s owner, Nordic Capital, is currently working cooperatively with Goldman Sachs, JP Morgan and… Read More

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