Tag: Sweden

Klarna has reportedly suffered its biggest annual loss totalling $1bn, but its company is certain it is on track to return to profitability.

Swedish RegTech firm Acuminor has partnered with Algbra to roll out its risk assessment professional platform across the latter’s operations.

After a troubled start, BNPL giant Klarna has experienced strong momentum in the US market, with a 71% year-over-year growth in GMV and improved credit loss rates by 37%.

Anyfin, which helps consumers refinance existing loans, has raised €30m for its Series C funding round.

Bricknode, a brokerage-as-a-service platform, has secured a SEK 2.5m ($2.3m) loan from its founder and co-CEO Stefan Willebrand, co-CEO Erik Hagelin and Chairman Robert Lempka.

FinTech deal activity in the Nordics last year set a new record surpassing 2018’s high of 127 transactions. Funding has grown by a compound...

Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements to explore how CBDCs can be exploited for international retail and remittance payments.

Majority, a mobile bank for migrants, has scored $37.5m in a Series B funding round headed by Valar Ventures.

SaaS financial services platform Bricknode has secured a SEK 5m ($470,000) loan to support its establishment of a licenced brokerage subsidiary.

 Swedish buy now, pay later giant Klarna has launched a new feature for UK consumers that will let them see their full online purchase history, regardless of whether they are purchased using Klarna.