Posts filtered by tags: Swedish Financial Supervisory Authority[x]


 

Europe Must Ban Bitcoin Mining To Hit the 1.5C Paris Climate Goal, Say Swedish Regulators

Faced with a sharp rise in energy consumption, Swedish authorities are calling on the European Union to ban "energy intensive" crypto mining. From a report: Erik Thedeen, director of the Swedish Financial Supervisory Authority, and Bjorn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency's rising energy usage is threatening Sweden's ability to meet its obligations under the Paris Climate Agreement. Between April and August this year, the energy consumption of ...
Tags: Europe, Sweden, Tech, Eu, European Union, Swedish Financial Supervisory Authority, Risinger, Swedish Environmental Protection Agency, 5C Paris Climate Goal Say, Erik Thedeen, Bjorn Risinger


Sweden-based digital bank Northmill raises $30M

Northmill Bank, the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. The injection of cash will be used for continued geographical expansion and to accelerate the development of new products. Notably, this will include plans to launch in 10 new markets as Northmill aims to st...
Tags: Fundings & Exits, Startups, TC, Europe, Sweden, Finance, Germany, Tech, Finland, Norway, Klarna, Digital Banking, Sweden Norway, Swedish Financial Supervisory Authority, Recent Funding, Coeli


Klarna gets a full banking license, gears up to go beyond financing payments

 After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority. The license will give… Read More
Tags: TC, Ecommerce, Europe, Finance, Banks, Tech, Banking, Klarna, Swedish Financial Supervisory Authority, Anders Holch Povlsen, Brightfolk, Finansinspektionen


H.I.G. Capital to exit Zmarta Group

Bauer Media Group said July 6 that it agreed to buy Zmarta Group from H.I.G. Capital. Financial terms weren’t announced. Stockholm-based Zmarta is a fintech marketplace in Northern Europe, offering personal loans, insurance, credit cards and a recently launched Personal Finance Management app. William Blair International Ltd advised H.I.G./Zmarta. PRESS RELEASE July 06, 2016 03:45 AM Eastern Daylight Time STOCKHOLM–(BUSINESS WIRE)–Regulatory News: Bauer Media Group has entered into an agreement ...
Tags: London, Germany, Trends, Atlanta, Munich, M&a, Miami, Rio De Janeiro, Stockholm, Northern Europe, Nordics, Los Angeles San Francisco, Executive Board, Swedish Financial Supervisory Authority, Bauer Media, CLO


SPP Livf rs kring AB (publ) and SPP Liv Fondf rs kring AB (publ) have ...

SPP Livforsakring AB and SPP Liv Fondforsakring AB have received approval from the SFSA to execute their joint merger plan SPP Liv Fondforsakring AB and SPP Livforsakring AB have, on 26 November 2014, received the Swedish Financial Supervisory Authority's approval to execute their joint merger plan. As was communicated by SPP Liv on 20 May 2014, the board of directors of SPP Liv and SPP Fondliv have adopted a joint merger plan whereby SPP Fondliv shall assume all SPP Liv's assets and liabilities...
Tags: LIV, SFSA, Liv Fondf, SPP Livforsakring AB, SPP Liv Fondforsakring AB, Swedish Financial Supervisory Authority