UK startup joins Nordea’s fintech accelerator

UK fintech startup Smartcalling will join Nordea’s new fintech accelerator, which kicks off next month. The firm aims to help businesses target and convert customers more successfully via phone calls.

The Nordic banking group just announced most of the startups that will be joining its fintech accelerator in Helsinki and Stockholm this autumn.

From the teams announced so far, sectors the startups are focusing on range from cross-border payments for small businesses to optimising debt recovery for big banks and enterprise.

Half of the 12 teams that are already officially enrolled are from Sweden, with others from Finland, Norway, Denmark, the US and the UK. Nordea has made an offer to 19 in total.

The bank says 200 startups originally applied to take part.

Startups enrolled so far are:

> Asteria (Sweden)
> Lenovium (Sweden) credit/ mortgage management @Lenovium
> Kuan (UK) – cross border payments for small business @kuaninc
> Taviq (Finland) – investment products @taviqInvesting
> Tikkr (Sweden)
> Mina Tjänster (Sweden) – subscription management @MinaTjanster
> Trayce (Denmark) – expense reporting @trayceio
> Voxo (Sweden)
> Collectly (US) – debt recovery for big banks & enterprise @collectlyapp
> YeyNey (Norway)
> Smartcalling (UK)
> Zash (Sweden)


Nordea Fintech Accelerator

This is the second fintech accelerator Nordea is running, after an inaugural program last year. Nordea says it is still working with two of the teams from that first program: Jenny, a customer service-powered artificial intelligence startup and Feelingstream, from Estonia, which analyses how customers are feeling.

Nordea is running the programme alongside Nestholma Venture Accelerator and offers the chance for startups to run pilots with the bank’s customers and data.  Each team gets an investment of EUR12,000 and says there is also the opportunity to raise up to EUR150,000 from Netholma. Tata Consultancy and IBM are among the other partners that will be involved in the program.

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