This article showcases our top picks for the best Norway based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Norway Fintech (Financial Technology) Companies
Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe. The company delivers online trust based services to the public and private sector globally.
The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy, Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users. Signicat offers some of the most advanced solutions for electronic identity and electronic signatures.
The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology. The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses.
Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation. Banking grade SLAs are offered, matching customers need for scalability and reliability.
Signicat was founded in 2006 as Kantega Secure Identity, a spin-off from Kantega (www.kantega.no). It is owned by Secure Identity Holding (SIH), Viking Venture and the employees.
Signicat has offices in UK (London), Germany (Frankfurt), Netherlands (Amsterdam), Portugal (Lisbon), Denmark (Copenhagen), Sweden (Stockholm), Finland (Helsinki) and Norway (Trondheim and Oslo).. .
Settle Group invented mobile payments in the Nordics, was awarded a patent for mobile payments in 2011 in Norway and launched the first mobile payment service in Norway. After selling a license for its technology, and the client base of the Norwegian service to the leading Norwegian banks, who today run this as the national mobile payment standard adopted by 80% of the population, Settle Group internationalize their technology and formed the Settle network.
Similar to the services known as Alipay, PayTM, Venmo, Zelle etc. Settle enables people and companies to pay, get paid, manage their money and grow their business using a mobile payment app.
Settle Group is licensed to provide financial services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom, in accordance with it’s e-money license #108654 issued by the Norwegian Financial Supervisory Authorities.. .
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is making convenience safe and secure for banks, merchants, and consumers.
Zwipe’s solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods.. .
Exabel’s mission is to make state-of-the-art AI technology accessible to investors worldwide. From our offices in Oslo, we are developing Exabel Intelligent Monitoring, a fully automatic monitoring tool for finance professionals.
We combine sophisticated mathematical models and machine learning to extract insights by cross-analyzing both traditional and alternative data sources. We are an experienced team of engineers and successful entrepreneurs.
Our people bring with them the best of various disciplines, including mathematics, data science and business development.. .
Neonomics bridges the gap between compliance and innovation, growing a huge network of banks and FinTechs. Interconnectivity Solution by Neonomics enables secure, seamless and instant inter-bank communication via one API.
We make any banks’ API comply with the regulations in a matter of days, affordably and efficiently.. .
Abelee applies data science in the financial markets. Founded in 2017 by experienced academics, engineers, and traders, they combine modern data science with a unique technology stack and deep knowledge of risk management to create adaptive data-driven models and strategies.
Their attitude is innovative and collaborative with the goal to create long-term partnerships built on trust.. .
ZTL Payment Solution
ZTL Payment Solution is a B2B payment platform providing clients with customized payment solutions. The platform challenges the banks’ transactional banking services and their domain on corporate payments and remittances.
Their global payment solution is built on smart technology utilizing PSD2. They enable clever integration into ERP systems, banks, and another FinTech’s through its API building blocks to build customized payment solutions.
Founded in 2018 and is based in Oslo, Norway.. .
There are two billion people in the world in the category of unbanked or underbanked, meaning they have limited or no access to the financial system, which the western world takes for granted. Blockbonds strives to democratize the access to financial markets for everyone in the world, by bridging the cryptosphere with traditional finance.
By utilizing blockchain technology, we are able to create a payment system in which everyone can manage their savings, payments and investments in an honest, transparent and secure way. Blockbonds have developed SPENN, an advanced financial platform built into a user friendly mobile application with both a consumer, and a business facing interface.
SPENN is free to download and use, and includes features such as a spending account, savings account, real-time transfers, a simple point-of-sale solution for businesses, and an innovative way to withdraw and deposit your money. Our product: www.spenn.com.
Spiff is a new Norwegian savings app for everyone! Save together or alone, completely free. Most of us think of housing or retirement when talking about savings.
It is also as much about the smaller things in everyday life. Certain things in life are difficult to achieve alone.
Fortunately, it is easy to save on common goals when using Spiff. Sometimes it holds a monthly move.
At other times it is cool to refer to some chronicles that hang and slang.. .
Bizbot is a shareholding tool for investors and business owners. By analyzing user data, BizBot automates time-consuming processes so that valuable resources can be used on growth and less paperwork.
The company was founded in 2017 and is headquartered in Fornebu, Oslo.. .
Minvoice is a common digital invoice delivery platform that provides a simple overview of all incoming invoices. Their customers are big companies sending large amounts of invoices.
You can easily pay your bills anywhere anytime, regardless of bank-relationship or invoice senders. They have a strong experienced team, short time to market, a scalable solution, multiple revenue streams and a good profit margins..
Sequra Finance Group is a FinTech company that develops new technology towards the business to business financial sphere. We develop alternative solutions to standard products and thus disrupt the existing market.
Our technology provides financial services accessible for anyone at a more efficient and user friendly platform. The services include invoice, ledger, reminder, finance services and debt collection as a part of a -one stop shop- platform for businesses that need to operate and finance their working capital, in the palm of their hand.
Arcane Crypto is a company which sees huge potential in crypto currencies and open blockchains. We see particularly big potential around second layer technologies like the Lightning Network.
They are committed to both contribute to this ever-growing ecosystem of programable money and value and make money on the way. They follow a dual strategy.
On the one hand, we invest in and trade cryptocurrencies and related derivatives. On the other hand, we,invest in projects, build partnerships and develop own solutions related to the provision of financial services leveraging the power of crypto currencies.
While they will make money on both paths, but the true power of Arcane lies in the synergies between our prop-trading and the financial services that we help build.. .
Coinpanda is the easiest way to calculate and file your taxes for digital currencies. Connect all your exchanges directly with API keys and synchronize your transactions automatically.
We support more than 100+ exchanges, 6500+ cryptocurrencies and 20+ countries. Export ready to file tax forms for the US, UK, Canada, Germany and Norway..
Lendonomy is often referred to as “AirBnB for money,” or a social network for money, for its unique approach to democratizing lending. Lendonomy seeks to solve the problem of invisible poverty faced by millions of young people today and inspire them to support and trust each other through sharing and lending money to peers around the world.
Unlike conventional P2P lending platforms, Lendonomy lets socially responsible companies engage and help young people afford basic needs while also incentivizing the platform users with the companies’ products and services. We add elements of AR-gamification and education to teach the youth to be better investors, money-savers, and responsible consumers.
Fuel economy with Lendonomy.. .
Fintech company founded in Bergen, Norway. The company has developed a machine learning software for selecting the best savings products through a quantitative approach.
By applying AI and algorithms on historical financial data, we offer consulting and development for banks who wish to implement dynamic portfolios which regularly chooses the best products for their customers. In Norway, Quantfolio has an exclusive partnership with Skandiabanken..
Every day hundred of applicants contacting banks and leasing institutions to understand why their application has been rejected or why do they get high interest than expected. Goscore is a mobile app that gives users a single score to reflect their financial status and a explained report with actionable points to improve the creditworthiness.
Special offers curated by our algorithms allows users to apply for a new loan right in the app in just a single click. Our first tier customers includes banks, leasing companies and retails stores.
Goscore provides them hot leads and various data insights about new users for simpler onboarding as well as for existed customers.. .
Ever been in a situation where you needed to show proof of your age, address, or who you are, and you forgot to bring your drivers license, or proof of identification? Now with digiID™ you can forget your wallet at home, all you need is your phone! digiID™ serves as your SECURE digital identification holder. It acts as your secure handy identification manager where you save, digitize, and manage all your official ID cards.
Never forget your driver’s license again. Have all your identification cards SECURE and with you all the time, without the inconvenience, stress, and added weight of a bulk wallet.
FEATURES – Identity theft secure insurance and prevention systems, detect fraudulent applications for various credit and non-credit related services. Delivering all the users credit and identity activity in REAL TIME.
*coming soon. – Blur sensitive information like your address, ID/DL number, and other information you want to hide using our privacy control function.
– Virtual wallet for your driver’s license and all your identification cards – digiID™ helps in storing and managing your proof of identification. Keeping track of your records and maintaining your security can be easily done as the app allows you to classify all your government, private, membership, and school identification cards quickly from your digiID™ home screen.
– Verification. Allow digiID™ access to your social network profile accounts for additional authentication and validation.
Credit Morgan™’ AI-based P2P lending marketplace is connecting investors who want an attractive return on investment (ROI) with creditworthy British and Norwegian SMEs who want a simple, competitive business loan. Credit Morgan™ offers the financing of SMEs much faster and cheaper than traditional banks and gives financial return to its investors.
Delivered by utilising technology based on Artificial Intelligence and Big Data Mining. Credit Morgan automate the credit application process for creditworthy SMEs.
So, we offer lower rates to borrowers and compelling returns to investors. We’re revolutionizing business lending through technology, data, and design.
Our vision is to become the leading SME Credit Platform in the trillion-dollar credit market of Northern Europe.. .
Risk-Partner AS is a Scandinavian fintech company established in 2013 and is based in Oslo, Norway, and with a development team in Colombo, Sri Lanka. Risk-Partner AS is owned by its founders together with LM Media Holding and the investment firm IHK.
Their work is supported by Innovation Norway (Norwegian Government) and The Research Council of Norway.. .
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