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Sweden-based digital bank Northmill raises $30M

TechCrunch

Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Founded nearly 15 years ago and originally operating as a credit provider, in 2019 Northmill secured a full banking license, regulated by the Swedish Financial Supervisory Authority.

Sweden 93
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Bitpanda obtains German crypto license as crypto platforms want to prove they are legit

TechCrunch

Bitpanda has received a crypto license from Germany’s financial regulator (BaFin). Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto Custody and Proprietary Trading license. It holds a similar license, but it is a U.S.-based based company. million customers.

License 84
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Juni, the banking platform for e-commerce and online marketing companies, raises €2M seed

TechCrunch

Leading the round is Berlin-based Cherry Ventures — the first deal, I believe, from newly recruited partner Sophia Bendz, who herself is based in Sweden. making the need for singular platforms to support such e-commerce businesses all the more necessary,” says Cherry Ventures’ Bendz. million in seed funding.

Marketing 119
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New South African partnership gets $3M, launches telehealth product

TechCrunch

Webrock Ventures is a Sweden-based investment company that employs a venture-building model. So essentially, the firm partners with tech companies in Sweden and combines its cash with the company’s business models to create portfolio businesses. As a Sweden-based telehealth company, Doktor.se

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Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

TechCrunch

Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. Overall, the bank has 5,000 business users and 200,000 private users across Denmark, Sweden and Norway.

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Making sense of Klarna

TechCrunch

In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me.

Sweden 143
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With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

TechCrunch

” FairMoney, founded by Laurin Hainy , Matthieu Gendreau and Nicolas Berthozat , is a licensed online lender that provides instant loans and bill payments to underserved consumers in emerging markets. But unlike Nigeria, India has better unit economics for the lending business and a more friendly regulatory environment.

India 106