5 Nordic FinTech companies to watch out for in 2023
By Gloria Methri
FinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. The FinTech industry is booming and is perhaps going through the most exciting period in the modern history of financial services.
The Nordic region or Norden encompasses five sovereign states, Denmark, Finland, Iceland, Norway, and Sweden, plus the three autonomous territories connected to these states: the Faroe Islands and Greenland (Denmark) and Åland (Finland).
One reason for the Nordics’ FinTech growth is that residents and citizens of Norway, Sweden, Finland, Iceland, and Denmark tend to be digitally savvy overall, with some of the highest percentages of new technology adoption and mobile banking usage in the world.
Here are five FinTech companies from the Nordics to watch out for in 2023:
Founded in June 2020, Juni develops financial management solutions for marketing and e-commerce businesses. It provides businesses with a centralized overview of their cashflows, and supplier invoices, track ROI, and get updates on financial data, revenue, and growth rate. It also features a digital banking solution for entrepreneurs and provides a run-through of bank accounts, networks, and payment services for businesses on a single centralized platform.
Yabie is a FinTech platform offering POS solutions for businesses. It offers cash register systems for various businesses like shops, restaurants, and cafes. Its features include product information management, stock management, order management, payments management, reporting, administration management, and more. The store owners can directly access the store data from their mobile phone or iPad.
Founded in 2019, Majority provides app-based debit cards for migrants. It can be used for cash withdrawals, money transfers, in-store payments, and more. The card can be recharged through the app and enables the monitoring of transactions. The application is available on iOS and Android platforms.
Intergiro is an emergent FinTech company providing a variety of financial solutions including Banking as a Service (BaaS) platform for businesses in Europe. Intergiro’s APIs allow users to automate their business finance or provide banking services to their customers.
Swedish FinTech firm Rocker has developed a mobile banking solution for small businesses and start-ups. The company’s solution helps businesses manage their finances, taking control of their everyday financial life. It offers many features, including account credits, P2P checkout payment services, and debit card services.
Founded in 2018 by Dennis Ahlsén, Rocker is one of the leading FinTech companies in Sweden, with offices in Stockholm and Malmö.
ALSO READ: Open Banking roadmap for mid-sized banks in Europe Report 2021
IBSi Daily News Analysis
March 22, 2023
Cyber risks surge with Indonesia’s evolving payments landscapeRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage