Swedbank invests €3m in banking tech vendor Meniga
Meniga, a white-label digital banking solutions provider, has received a €3 million equity investment from its customer, Swedbank.
The two firms partnered in 2017 to improve Swedbank’s digital customer experience through a personal finance activity feed and data aggregation platform. The new solution is intended to “give customers better control over their daily finances and a more personal, engaging experience than today”, according to Meniga.
Georg Ludviksson, co-founder and CEO of Meniga, also highlights Swedbank’s “ambition and dedication to digital innovation”.
Lotta Lovén, head of digital banking at Swedbank, says the bank sees Meniga as “an innovation partner” and is “very pleased with the agreed partnership”.
The investment forms part of a strategic financing round for Meniga, and also features other key customers of the banking tech vendor.
Meniga’s personal finance management (PFM) software has takers in 23 countries (and 50 million digital banking users), including IberCaja in Spain and BPCE in France.
Its offices are in London, Reykjavik, Stockholm and Warsaw.
