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Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Next stop, Norway. Making sense of Klarna.
Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. It has a range of licensed banking services, such as savings and current accounts, in Sweden and Germany , with more countries to follow.
million in seed funding. 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. The Juni dashboard also provides a centralized overview of all your bank accounts, networks and payment services.
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 has no intention of expanding.
” 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. Seven months later, he founded Le Studio VC, a Paris-based startup studio and €15 million fund he ran as CEO for three years.
Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for its users.
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.
Riot Games (developer of League of Legends), Tokyo’s Akatsuki Entertainment Technology Fund (the company behind Dragon Ball Z), Raine Ventures and fintech VC TTV Capital participated. They include Sweden’s Raketspel (the company has more than 120 million downloads across its portfolio), Cosi Games and Ethiopia’s Qene Games.
In the latest development, Annotell , a startup out of Sweden that makes software to assess the performance of autonomous systems’ perception capabilities, and how to improve that, is today announcing that it has raised $24 million to expand its business.
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.
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.
Our data licensing and API with X is an incredible business. It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music. The app even appears to have deleted its web page explaining the “government-funded media” labels.
Hochul has said that funds raised from the program would underpin $15 billion in debt financing for mass transit capital improvements. Charged via electronic license plate readers, private cars pay once a day regardless of how many trips they make into the central business district.
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