Klarna acquires German payments fintech Stocard
Rumoured deal is valued at around €110 million.
Sweden
Finansinspektionen goes live on BearingPoint RegTech’s Abacus Regulator
Swedish financial supervisory authority deploys range of modules from vendor.
Swedish fintech start-up Juni lands $21.5m Series A round
The company plans to use the funds for product development and recruiting.
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Migrant banking start-up Majority raises $19m in seed funding
The firm offers a mobile banking service for migrants across the US.
Broadridge appoints Ray Tierney as new president of Itiviti
The firm signed a $2.5 billion deal to acquire Itiviti earlier this year.
Exclusive: Unite Global secures second $5.25m investment from Svea
Svea exercised an option to increase its holding from 4.95% to 9.91%.
Pleo appoints new CRO as it prepares for $100m funding round
Arun Mani joins Pleo after a successful spell at software company Freshworks.
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.
Swedish SME lender Fedelta picks Vilja banking system
Vilja wins another deal in its home country with challenger bank.
Nordea core banking chief Joseph Edwin leaves after six years
Joseph Edwin steps away from Nordic giant after many years leading major change.
Danish neobank Lunar acquires Swedish lender Lendify
The deal, which is pending regulatory approval, is expected to close by mid-May.
Minna Technologies recruits Tiama Hanson-Drury as new product officer
Hanson-Drury joins the Minna team from Dynata.
Ikano Bank picks TruNarrative to sit at regulatory centre of digital change
Swedish bank selects UK regtech firm to collate AML programmes.
Santander launches Prosper open banking-powered PFM app
Roll-out of Prosper has already started in Denmark.
Broadridge to acquire capital markets firm Itiviti in $2.5bn deal
Broadridge continues its M&A strategy apace.
Xero makes second acquisition in a month with Tickstar
Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.
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.
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Swedish neobank Northmill raises $30m to power European expansion
The first stop along the way is a new product launch in Norway.
IKEA buys 49% stake in financial services partner Ikano Bank
Lending to IKEA shoppers accounted for about a quarter of the bank’s total business.
Klarna’s valuation set to triple to $30bln, says report
A report says Klarna is currently working on a half a billion new share issue.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Tink appoints SimCorp CEO Holse as new chairman
Holse says Tink is “leading the charge” in open banking across Europe.
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
Klarna under investigation by UK regulator for ‘unsolicited’ emails
The Information Commissioner’s Office (ICO) is investigating the claims.
Meet Mitigram, the female-founded fintech backed by a female-led VC
Mitigram is a global trade finance platform designed for exporters, traders and banks.
SEB combines personal and business finance to launch Unquo
The new venture is spearheaded by Christoffer Malmer, head of SEBx.
Klarna raises $650m funding at $10.6bn valuation
It has doubled its value which was previously set at $5.5 billion just over a year ago.
Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
Swedish Export Credit Corporation picks FIS for loan origination
SEK picks Commercial Loan Origination and FIS Ambit.
Klarna’s losses widen following first year of negative profit
Profits have been slowly declining for the company.
Lunar picks Nordic API Gateway to enable account aggregation
Danish challenger bank claims to be pioneer with new service.
Nordic fintech Open Payments raises €3m in second seed round
The firm plans an EU expansion in 2021.
Tink continues acquisition play with credit decisioning platform Instantor
Instantor employees a team of 26.
Sopra Banking Software taps Tink’s data channel
Sopra Banking Software serves roughly 1,500 banks and financial institutions.
Resurs Bank’s new CEO prioritises open banking
The Swedish bank has roughly 6.2 million customers.
