Norway

The latest fintech news, resources and expert analysis in Norway by FinTech Futures, the leading intelligence provider for the worldwide fintech community.

Nordic firm Axo snaps up digital credit-scoring platform Defero

Defero’s CEO will join Axo’s group management team following the transaction.

signicat

Norway’s Signicat buys UK anti-fraud firm Sphonic

The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.

Norway’s Signicat boosts management team with several new appointments

Signicat CEO says: “We now look forward to the next phase of our international expansion.”

Lunar

Lunar set to acquire Norwegian digital bank Instabank for €132m

Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.

Lunar

Lunar lands €70m Series D extension round, launches crypto platform

Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.

Lunar

Danish neobank Lunar welcomes new investor – Hollywood actor Will Ferrell

Actor “excited to take part in Lunar’s mission to give people more power from their money”.

Lunar

Danish digital bank Lunar taps Thought Machine for Vault core banking solution

Lunar says it is building the “go-to app” for banking, payments and investments in the Nordic region.

Significant shifts in consumer behaviour create unique opportunities for Nordic merchants

With the steady decline of cash in the Nordics, it is increasingly vital for businesses to provide digital payment options.

DNB Bank picks Fenergo to provide CLM solutions in multi-year project

Norwegian banking group plans revamp of currently manual processes.

AI accounting platform Vic.ai lands $50m in Series B funding round

The funding round, led by ICONIQ Growth, brings the fintech’s total capital raised to $63m.

Signicat acquires e-signature firm Dokobit

The deal is Signicat’s third acquisition this year and fourth in two years.

Signicat acquires Spanish video identity firm eID

Norwegian vendor pulls the acquisition trigger after four years of partnership.

Danske Bank to merge MobilePay with Nordic payment apps Vipps and Pivo

The parties say they have joined forces to “strengthen product development and innovation”.

Exclusive: Unite Global secures second $5.25m investment from Svea

Svea exercised an option to increase its holding from 4.95% to 9.91%.

Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts

A top pick of stories from the world of finance and tech in bitesize video format, twice a week.

Tink and American Express sign European open banking deal

New AmEx customers will “seamlessly connect” to their accounts.

Joseph Edwin Nordea

Nordea core banking chief Joseph Edwin leaves after six years

Joseph Edwin steps away from Nordic giant after many years leading major change.

Santander launches Prosper open banking-powered PFM app

Roll-out of Prosper has already started in Denmark.

SEB signs Google Cloud partnership extension

SEB to deploy Google services across wider segments of the bank.

Nordea to deploy AxiomSL’s RegCloud for regulatory reporting

Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.

Web browser Opera hires ex-PayPal and Tencent exec to lead new fintech arm

The new EVP likens Dify’s potential to PayPal’s market disruptor status.

Norwegian web browser Opera launches fintech “Dify” in beta

Opera made two fintech-focused acquisitions last year.

Swedish neobank Northmill raises $30m to power European expansion

The first stop along the way is a new product launch in Norway.

Lunar image

Nordic challenger Lunar lands $47m Series C

The round arrives just seven months after its €20 million Series B extension in April.

Lunar picks Nordic API Gateway to enable account aggregation

Danish challenger bank claims to be pioneer with new service.

Web browser Opera to buy digital challenger Fjord Bank

In December 2019, the digital challenger landed a specialised bank licence.

Norway’s Husbanken selects Temenos Transact

The Norwegian state housing bank replaces legacy tech with Temenos.

Challenger bank Lunar partners with Danish esports firm Astralis

Denmark and Sweden lead European esports usage.

Nordea-backed subscription manager Subaio lands challenger bank Lunar

The Nordic bank has 150,000 customers.

Anyday and Clearhaus to take on payment giants in Norway and Spain

“We’re ready to take on the giants,” says Anyday’s CEO.

Nordic API Gateway lands $5m from Danske Bank and DNB

The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.

Nordea helps suppliers to get paid early amid coronavirus

Suppliers will benefit from “several hundred million euros” early.

Nordic challenger Lunar adds $21.6m to its Series B

Monzo’s former head of product Ole Mahrt will also join its board of directors.

Wirecard strikes again with Klarna payments partnership

Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.

Exclusive: Unite Global gets $5.25m from Svea to launch cross-border payments hub

The new hub will select 8-12 partner banks to deliver global instant payments.

Swedbank partners SIA and TietoEVRY for RT1 payments

30 million payments have already been made on the new system.

Nordic API Gateway CEO: Fintechs trying to be European too fast

“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.

Nets acquires Finnish firms Poplatek and Poplapay

Nordic payments group snaps up new firms to boost terminal services.

Signicat appoints new CEO and chairman

Signicat already works with DNB, Allianz and Saxo Bank.

IMF to put Nordic banks’ AML controls under microscope

International regulator investigates banks’ alleged failings.

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