12 top fintech companies hailing from Scandinavia

The fintech trend has recently become incredibly popular throughout the world and in Europe in particular. And although Britain is the absolute leader in attracting capital to this industry, companies over the past five years have received investments worth $ 5.4 billion or 3.5 billion pounds.

For comparison, the rest of Europe combined could only reach $ 4.4 billion. Nevertheless, the northern countries are also on the alert: Denmark, Sweden, Iceland, Norway and Finland have brought their own fintech unicorns to the market, the total cost of which is estimated at $ 1 billion.

Gradually, companies in the domestic market come into play. For example, the LifePay mobile acquiring service , created in the image of Square, Platius mobile payment system that provides bonus rubles for the active use of the service, EasyFinance.ru - a platform that helps in managing personal finances, and many others.

Here is a compiled by BI list of 12 most interesting companies from the northern region of Europe:

12. Lendify - a platform from Swedish developers A
platform that provides P2P lending, which pays special attention to consumer loans. The company was founded last year, and so far has raised about $ 3 million in financing.

11. Lendino - Danish version of p2p lending
This platform is aimed at the cooperation of institutional and individual investors who would like to invest in companies in a certain region. It is known that recently the Passion Capital venture capital fund financed the Danish unicorn, but the amount was not disclosed.

10. Fixura - Finns in the game
Through the platform launched in 2010, loans worth more than $ 50 million have already been realized, with an average annual profit of 10.3%.

9. Holvi - Finnish solution for small business
And in the continuation of the conversation about Finnish startups: the Holvi service provides small business owners - entrepreneurs and freelancers - access to an account with the company's finances, as well as real-time management of company expenses and accounts.

8. Coinify - give cryptocurrency to the masses!
Founded last year, the company helps entrepreneurs accept cryptocurrencies and creates tools designed to help users make payments in bitcoin digital currency.

7. FundedByMe - Swedish crowdfunding platform
The FundedByMe platform is active in eight countries, including Sweden, Germany and Singapore. The platform has about 58 thousand users around the world and has already helped raise more than $ 18 million for hundreds of companies.

6. Safello - the withdrawal of electronic currency to a new level.
The Swedish startup received funding of about $ 1 million. This is a Bitcoin currency exchanger that allows you to make direct payments in 86 banks in 11 countries. Safello this year signed a contract with Barclays to explore the possibilities of using e-currency in traditional finance.

5. BehavioSec - Security Above All
Over the eight years of its existence, the company has raised $ 8.2 million in investments. The company is developing security technologies that enable the bank to determine a person’s identity based on a number of biometric indicators.

4. Trustly - payment of online payments in Swedish
The company provides a new online payment method that allows you to make a money transfer directly from your online bank account, simply by clicking a few buttons. The company has recently expanded, and now provides its services in 21 countries of Europe. For seven years, the company received $ 30 million in financing.

3. Meniga - 25 million users in 16 countries
Meniga develops personal finance tools for banks, which in turn provide them to their customers. The company works with such large banks as Skandia, ING and Islandsbanki. Soon, it is expected to sign cooperation agreements with 10 major European banks.

2. iZettle - Swedish card readers for small businesses
The company was created only five years ago, and during this time managed to get more than 165 million dollars of investments. iZettle develops card readers for small businesses. Recently, the company began to introduce this technology in the field of loans. Currently, the company's value is estimated at half a billion dollars.

1. Klarna - online payments
This Swedish unicorn was valued at $ 2.25 billion, while over the five years of its existence, the company raised $ 280 million in investment. Klarna allows any seller to add a button that allows you to make a purchase with one click.