Nordic FinTech Investment set to decrease in 2022

fintech investment Nordics 2018 h1 2022

· FinTech investment in the Nordics for the first half of 2022 raised $1.2bn in total, a 20% decrease compared to H1 2021’s levels. Q2 2022 ended with $0.51bn across 32 deals, which is $0.19bn less than the first quarter ended with. In Q2 2022 nearly half of Nordic FinTech companies were PropTech and Blockchain & Crypto companies and they accounted for 46% of the capital raised in the quarter.
· Naetion, a web3 startup providing an on-chain professional network, was the largest deal in Q2 2022 raising a considerable $150m in their latest initial coin offering led by GEM Digital Ltd. The Danish company caters to a global audience with their on-chain career network operating at the crossroads of consumer and crypto with three main products. HJAELP, the “business in a box” for service providers, talent, and creators. PAEYROLL, an HR tool that allows businesses to turn payroll into revenue. MONAEY – is a neo-bank where your earnings are always yours, and features like staking become easier than ever.

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