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6 Awesome Nordic FinTech Companies To Watch
- The adoption of open banking has caused a boom of outstanding Nordic fintech companies in Denmark, Norway, Sweden, Finland, Iceland, Greenland, Åland, and the Faroe Islands.
- Tink, an open banking company offers everything from payment processing to account information to data-driven financial advice and a robust API, is worth raving about.
- Yapily is a leading tool that allows connecting with 97 different banks and financial institutions in the Nordic countries using a single API, supporting recurring payments, scheduled payments, and bulk payments.
- Klarna, one of Europe's biggest fintech providers, supports a 'Buy Now, Pay Later' function and offers integration with many of the most popular third-party payment platforms like Shopify, Stripe, or Magento.
- Vipps, a Norwegian payment app provides pre-built flows for accepting online payments, in-store payments, and even rewards programs, all accessible via an API.
- Pleo, based out of Copenhagen, has provided digital and even physical credit cards and streamlined the bookkeeping process for over 20,000 businesses, allowing integration with numerous third-party service providers.
- Horde, an antidote to the confusing and complicated loan system, allows users to simplify the loan process by creating a payment plan that enables users to borrow from their community.
- Fintech is here to stay and widespread fintech adoption is likely to increase regulations like open banking and data privacy standards like GDPR.
- It's a good idea to get comfortable with fintech now if anyone is planning on doing business in the Nordic companies.
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