Klarna obtains full banking licence from Swedish authorities

Swedish fintech mainstay Klarna has obtained a full banking licence in Sweden. The approval, effective immediately, was granted by Sweden’s financial supervisory authority, Finansinspektionen. “We are now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders,” said Klarna CEO, Sebastian Siemiatkowski. The licence will allow Klarna, which was […]

BBVA launches an open API marketplace for developers and startups

Spanish bank BBVA has launched an open banking platform by making its APIs publicly available. The BBVA API Market will release eight of the bank’s APIs to companies, startups, and developers to access and integrate customer data into their services, such as customer acquisition and loan origination. The open banking platform will comply with the […]

Banking tech platform Meniga secures €7.5 million in new funding

Digital banking technology startup Meniga has announced a funding round of €7.5 million from Industrifonden. Velocity Capital, Frumtak Ventures, and Kjolfesta also participated. Meniga provides a platform for banks to use and make sense of the personal finance data they collect from customers. The new funds will be invested into research and development and expanding […]

Danish “neobank” Lunar Way secures €4.2 million

Danish Lunar Way, a banking ap, has raised €4.2 in funding from SEED Capital Denmark. Its services include fast account set-up, bill payment, account freezing, a real-time transaction feed, monthly summary of deposits and withdrawals, and a tool to set savings goals.