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IBOS member Nordea establishes Nordea Ventures to make strategic investments in fintech start-up companies.

Nordea Ventures further supports the bank’s strategy of building a truly agile, digital bank.

Nordea Ventures will focus on investments offering mutual strategic value, scalable business models and unique solutions. Investments are mainly, but not exclusively, expected to be in companies which have a Nordic focus. The number and size of investments will vary according to Nordea’s aim of supporting and accelerating innovation in order to strengthen Nordea’s offering.

Casper von Koskull, President and Group CEO of Nordea, commented:

“We want to play an active role in developing new technologies for the financial sector from early on. It’s not just about providing capital, but also about engaging with start-ups and sharing our expertise. This will benefit Nordea and the companies we invest in, but most of all our customers.”

One example of a fintech company Nordea has already invested in is Tink, a financial aggregator based in Sweden, which allows customers to better understand what they spend their money on and how this changes over time. This partnership will improve the mobile banking experience for Nordea’s customers, making daily banking even easier and more convenient.

Nordea will actively engage with each portfolio company, involving senior business leaders in sponsorship roles, and is prepared to take a long-term ownership approach.

Read the full article via Nordea here