Nordic firm Axo snaps up digital credit-scoring platform Defero
Defero’s CEO will join Axo’s group management team following the transaction.
The latest fintech news, resources and expert analysis in Norway by FinTech Futures, the leading intelligence provider for the worldwide fintech community.
Defero’s CEO will join Axo’s group management team following the transaction.
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.
Actor “excited to take part in Lunar’s mission to give people more power from their money”.
Lunar says it is building the “go-to app” for banking, payments and investments in the Nordic region.
With the steady decline of cash in the Nordics, it is increasingly vital for businesses to provide digital payment options.
Norwegian banking group plans revamp of currently manual processes.
The funding round, led by ICONIQ Growth, brings the fintech’s total capital raised to $63m.
The deal is Signicat’s third acquisition this year and fourth in two years.
Norwegian vendor pulls the acquisition trigger after four years of partnership.
The parties say they have joined forces to “strengthen product development and innovation”.
Svea exercised an option to increase its holding from 4.95% to 9.91%.
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New AmEx customers will “seamlessly connect” to their accounts.
Joseph Edwin steps away from Nordic giant after many years leading major change.
Roll-out of Prosper has already started in Denmark.
SEB to deploy Google services across wider segments of the bank.
Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.
The new EVP likens Dify’s potential to PayPal’s market disruptor status.
Opera made two fintech-focused acquisitions last year.
The first stop along the way is a new product launch in Norway.
The round arrives just seven months after its €20 million Series B extension in April.
Danish challenger bank claims to be pioneer with new service.
In December 2019, the digital challenger landed a specialised bank licence.
The Norwegian state housing bank replaces legacy tech with Temenos.
Denmark and Sweden lead European esports usage.
The Nordic bank has 150,000 customers.
“We’re ready to take on the giants,” says Anyday’s CEO.
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
Suppliers will benefit from “several hundred million euros” early.
Monzo’s former head of product Ole Mahrt will also join its board of directors.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
The new hub will select 8-12 partner banks to deliver global instant payments.
30 million payments have already been made on the new system.
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Nordic payments group snaps up new firms to boost terminal services.
Signicat already works with DNB, Allianz and Saxo Bank.
International regulator investigates banks’ alleged failings.