New Report Spotlights Nordic and Baltic Region Thriving Fintech Industry

The Nordic and Baltic region is increasingly becoming a hotspot for fintech innovation. The region has so far given birth to half of Europe’s six fintech unicorns, according to a new report by MagnaCarta, Fintech Mundi and Mastercard. These startups are Swedish online payment platform Klarna, Swedish payment startup iZettle which was bought by PayPal in May, and international money transfer platform TransferWise, an Estonian startup that has since relocated to the UK. These have a cumulative valuation of US$6.3 billion, surpassing the rest of Europe’s fintech unicorns with US$5 billion. The Nordic Fintech Disruptors Report 2018 study, released earlier this month, also stresses that traditional players are increasingly seeking partnerships with fintech companies.

Read more

You can leave a response, or trackback from your own site.

Leave a Reply