Sweden

Fintech & Ecommerce

Klarna Posts Narrower Full-Year Losses

Klarna shrank its net losses by 73% last year.

Fintech & Ecommerce

Swedish FinTech Brite Payments Raises $60 Million

The Swedish fintech company Brite Payments announced that it managed to raise investment funds in the amount of $60 million.

Fintech & Ecommerce

Klarna Halves Losses

Klarna is on the way to restoring its financial performance to an acceptable level.

News

Swedish Open Banking Startup Kreditz Raises €10 Million

Swedish open banking startup Kreditz has announced that it has managed to attract investment funds for 10 million euros.

Fintech & Ecommerce

Danske Bank Now Helps Businesses Track Their Customers’ Financial Health

The new B2B business intelligence service enables Danske Bank business customers to check their customers’ creditworthiness and access the risks of non-payment

Blockchain & Crypto

Central banks join to explore CBDC for international retail payments

BIS and the central banks of Israel, Norway and Sweden teamed up to find out  how CBDCs can be used for international retail and remittance payments

Blockchain & Crypto

Where do global governments stand on the CBDC issue?

Many countries have explored and tested national digital currencies. Yet, it doesn’t mean they are going to implement them. Read how national opinions on CBDC have changed over time

News

Credit Suisse considers aggressive job cuts

Swiss lender weighs laying off thousands of employees globally to reduce its overall cost base by an additional $1 billion

Finance & Economics

Riksbank launches instant payments service

Riksbank has introduced the RIX-INST service, which means that payments between banks can be made in real-time with central bank money. The Riksbank is thus offering the banks a secure and cost-effective payment system for instant payments that creates opportunities for Swedish companies to develop new innovative payment services. The service is connected to the […]

Countries

Record number of European consumers abandon financial apps during onboarding

The report is based on a survey of 7600 consumers across Europe including Belgium, Denmark, Estonia, Finland, France, Germany, Lithuania, the Netherlands, Norway, Poland, Spain, Sweden, the UK, and Ukraine

Finance & Economics

H&M trials new marketplace model

H&M has started trials of its new marketplace model in Germany and Sweden, as per Ecommerce News. This means that online shoppers can now find items from third-party brands in the section of the website called ‘H&M with Friends’. If successful, the model will be extended to other markets. A month ago, H&M released its […]

Countries

Klarna announced partnership with Wix

From designers and developers to musicians and restaurant owners, Wix is a website development platform for e-commerce merchants globally

Countries

BigBuy now covers all European Amazon marketplaces

This week, the B2B wholesale platform extended this service with two other Amazon marketplaces

Countries

Sweden’s economic forecast 2021: what’s coming next?

Bader Al Hussain PaySpace Magazine Analyst   Sweden is a Scandinavian country having thousands of coastal islands and inland lakes. It is a part of Northern Europe and a member of the European Union but retained its own currency (i.e., Swedish krona (SEK)). With a per capita income of $50,339 and a Human Development Index […]

News

Here’s who accounted for over 60% of high-value VC investments in Q2 2021

Both nations attracted high-value VC investment deals worth over $100 million both in terms of volume and value

Finance & Economics

One of Swedish parcel delivery companies quadrupled its revenues

Nowadays, over 2 million people in Sweden use the company’s parcel locker offering