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IBOS member Nordea is investing in the fintech company Betalo.

Nordea’s investment in Betalo follows the recent announcement of the establishment of Nordea Ventures, which was established to make investments in fintech companies in line with the bank’s ambition of building a truly digital bank. To support and accelerate innovation and strengthen Nordea’s offering to customers, Nordea Ventures will focus heavily on investments where the bank sees mutual strategic value.

Erik Zingmark, Head of Transaction Banking at Nordea, commented:

“Delivering the benefits of digitalisation is a cornerstone of Nordea’s strategy; this is another step towards realising this ambition. We want to be able to offer our customers simple and smart digital banking services, and Betalo is exactly in the sweet spot here.

“It’s no secret that the banking world is changing, and rapidly taking user-friendly products to market will be crucial. The collaboration is a perfect match as it combines Betalo’s innovation speed with Nordea’s experience and customer base.”

Nordea is constantly looking for ways to accelerate innovation to strengthen its offering to customers. Therefore, Nordea Ventures is part of Nordea’s ambition to seek new partners and ideas to unleash the full potential of start-ups and shape the future of banking as the digital revolution is also transforming banking.

Read the full press release on Nordea’s collaboration with Betalo here, and Nordea’s investment in fintechs to accelerate innovation here