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Safety Wing, a digital health insurance platform based in Norway, has reportedly scored $8m in a capital injection.
Despite Covid-19, FinTech investment in the Nordics continued to go from strength to strength in 2020.
Norwegian Block Exchange (NBX) completed a NOK 60m (€5.84m) private equity placement from Pareto Securities, a leading investment bank in the Nordics.
While only 4% of transactions in Norway are conducted with cash, the nation's central bank is in no hurry to introduce a digital currency.
Exabel, an AI-powered analytics and data platform for active asset managers, has closed its third seed round to bring the total funding to $12m.
The Nordics are already at the forefront of cashless payment solutions. Now social distancing rules have fuelled the growth of contactless payment by 12 percentage points in the region in the first four months of 2020, according to payments company Nets.
FinTech companies in the Nordics raised $321.6m in the first quarter of the year with Klarna and Tink closing large investments The FinTech industry...
Swedish PayTech unicorn Klarna and Wirecard, the FinTech company, have launched a joint payment solution.