This week’s version of Finovate International options latest fintech information from Denmark, Norway, and Sweden.
Norwegian open finance innovator Neonomics raises $4 million in new funding
Open finance platform Neonomics has obtained an funding of $4 million. The funding comes from the Norwegian agency’s present shareholders and follows a strategic transformation that decreased its working value base by practically 50% whereas sustaining excessive service high quality and present buyer base.
“We’ve essentially strengthened Neonomics, making a extra centered and environment friendly enterprise with a transparent course for progress,” Neonomics CEO Alfonso Muñoz mentioned. “The mix of a considerably improved value construction, rising buyer demand and continued shareholder assist places us in a robust place to execute on our technique.”
Based in 2017 and headquartered in Oslo, Neonomics affords a full-stack open finance platform. By way of a single safe API, the corporate unifies Pay by Financial institution funds, enriched account knowledge, and AI-ready monetary intelligence and connects companies to greater than 3,500 banks throughout 30 European markets. In an announcement, the corporate added that they’re working to maneuver additional up the worth chain in monetary knowledge by serving to companies construction, enrich, and interpret that knowledge to construct higher, extra personalised merchandise and experiences for patrons.
“Offering entry to monetary knowledge is barely the start line,” Muñoz mentioned. “The actual worth lies in turning that knowledge into intelligence that improves monetary merchandise, workflows, and choices. We see important potential right here alongside the continued progress of our funds enterprise.”
AI-native private finance platform Issues emerges from stealth
Swedish AI-native private finance platform Issues has emerged from stealth with $5 million in pre-seed funding. The corporate, led by Per Österström, founding father of shopper mortgage dealer Sambla Group, secured the funding from Jakob Johansson, a Swedish angel investor, together with former Klarna COO Knut Frängsmyr and different angel buyers.
Issues will use the capital to use for licenses, broaden throughout the EU, and add expertise to its workforce. The corporate can be contemplating strategic acquisitions. Issues additionally introduced that it has introduced in Lars-Åke Norling—former CEO of financial savings and funding platform Nordnet—as chair of its board.
“Banks earn extra when customers handle their cash worse,” Österström mentioned. “At Issues, we’re purposely touring in the wrong way. Our objective is to construct a financial institution that actively makes monetary wellbeing accessible to anybody, not simply those that already get pleasure from it.”
For a flat month-to-month price, Issues affords neobank companies together with an AI advisor to assist customers enhance financial savings by means of extra acutely aware spending. “One which helps you spend much less on lunch out, finds subscriptions you forgot you had, eliminates late charges, and books the most cost effective potential deal in your summer season journey to Spain, amongst different issues,” Österström added in a publish on the corporate’s LinkedIn web page. “We consider everybody ought to be capable to afford their very own personal banker, of their pocket, who cares about the identical targets you do.”
Based in April 2026, Issues is headquartered in Stockholm.
Danish VC agency Seed Capital closes fifth fund with deal with fintech
Seed Capital, a enterprise capital fund primarily based in Copenhagen, has closed its fifth fund at €130 million. The fund will goal 15-17 startups from seed by means of Collection A all through the Nordics with preliminary investments of between €3 million and €6 million. The fund will proceed to emphasise investments in fintech and AI-powered B2B applied sciences whereas including cybersecurity and resilience as new areas of funding.
Based in 2004, Seed Capital has traditionally invested solely in Danish startups. However with its fifth fund, the agency plans to broaden past Denmark, with Sweden a strategic precedence. Seed Capital is amongst Denmark’s largest funds specializing in seed-stage expertise corporations. The fund’s portfolio has included corporations corresponding to Trustpilot, Lunar, and Flatpay. The fund has already begun deploying that €130 million in capital with investments in Fortiv, Moxso, Repodo, and Oplane.
“Broadening into the Nordics is a pure extension of the fund mannequin we’ve constructed over 20 years, mixed with bringing our observe document and operational expertise in fintech, cybersecurity, and resilience to founders throughout the area,” Seed Capital Managing Associate Christian Brøndum mentioned. “Staying near founders is central to how we work and with the Nordics. Right here we will be on the bottom in below an hour and be there for the founders we accomplice with.”
“There are proper now nice alternatives on the intersection of safety and AI,” Seed Capital Basic Associate Geeta Schmidt added. “As corporations are constructing quicker with AI, safe software program turns into important and these shifts and options we’re seeing are those we wish to put money into, in Sweden and throughout the Nordics.”
Right here is our take a look at fintech innovation all over the world.
Center East and Northern Africa
Egyptian fintech MNT Halan concluded the retail portion of IPO with official buying and selling on the Egyptian Trade slated to start subsequent week.
Ethiopia joined the Pan-African Fee and Settlement System community.
The central banks of UAE and Georgia inked a Memorandum of Understanding to assist cross-border funds and fintech innovation.
Central and Southern Asia
Pakistan-based Islamic financial institution Meezan Financial institution accomplished migration of its funds enterprise to BPC’s SmartVista platform.
Nepal-based software program agency InfoDevelopers launched its buyer onboarding and establish verification resolution VeriXa.
Latin America and the Caribbean
Brazilian fintech NG.CASH raised $15 million in funding to broaden credit score entry.
Peruvian digital cash issuer Ligo introduced an enlargement into six Latin American markets: Argentina, Bolivia, Colombia, Brazil, Mexico, and Ecuador.
Colombian fintech Fronte secured an undisclosed pre-seed spherical led by Rally Cap VC and Bankless Ventures.
Asia-Pacific
Visa secured approval from the Individuals’s Financial institution of China to ascertain a home financial institution card clearing enterprise within the nation.
Japanese banks accomplished a stablecoin proof-of-concept.
Regulators in New Zealand outlined expectations on cyber dangers related to frontier AI.
Sub-Saharan Africa
South African fintech startup Kuunda accomplished a $5 million secondary share transaction led by E4E Africa.
MoneyHash partnered with South Africa-based fintech Ozow to broaden entry to on-line fee choices for retailers.
Uruguay-based funds platform dLocal partnered with Western Union to broaden remittance companies to Africa.
Central and Japanese Europe
Funds Business Intelligence showcased Latvia’s efforts to turn into a serious EU fintech hub.
Slovakia’s QR-based loyalty platform BonusQR unveiled a redesigned buyer app and dashboard, together with expanded coupon administration.
Revolut launched its cell phone plan, Revolut Cell, in Germany.
Photograph by Mai Sakura on Unsplash
