Home Tags Lunar
Affirm began trading on the Nasdaq on Wednesday with its shares jumping by more than 100% in the first day, laying the groundwork for huge growth in the buy now pay later space.
Despite Covid-19, FinTech investment in the Nordics continued to go from strength to strength in 2020.
Revolut's revenues dropped by 40% at the start of the coronavirus crisis, but now the neobank has revealed that it is 50% ahead of its pre-pandemic levels and even broke even in November.
Klarna and Afterpay are butting heads as market competition is getting fierce across the globe.
London-based FinTech Zilch has officially launched its new feature Snooze, giving users the ability to delay repayment on an instalment, or an entire payment plan by between four to seven days.
FinTech companies in the Nordics raised nearly $1.2bn in the first three quarters of the year with Klarna and Tink closing large investments.
These 33 FinTech funding rounds from last week highlight the rise of Scandi challenger banks, the importance of cybersecurity and how competition in the buy now, pay later space is heating up.
Danish challenger bank Lunar has raised a €40m Series C round and is planning to go into the buy now, pay later market.
Nordic challenger bank Lunar has launched a new business bank and paid-for business accounts for smaller firms and freelancers.
Neobanks in the Nordics are on the rise and Swedish contender Northmill has not been resting on its laurels to meet the demand, having just introduces fixed-rate savings accounts.
12Page 1 of 2