Copenhagen Fintech Forges VC-Backed Pre-Seed Initiative to Propel Nordic and Baltic Fintech Startups
Copenhagen Fintech has sealed a deal to introduce a venture capital-backed pre-seed program, aimed at accelerating the growth of fintech startups in the Nordic and Baltic regions. According to Thomas Krogh Jensen, CEO of Copenhagen Fintech, Denmark’s leading fintech innovation hub, the Nordics and Baltics are currently buzzing with fintech innovation.
Jensen notes a substantial interest from major financial institutions and global tech companies in tapping into the vast potential of the Nordics and Baltics. He attributes this surge of interest to several factors contributing to the regions’ status as fintech hotspots.
Among these factors, Jensen highlights the advanced level of digitization in the two regions, particularly in financial infrastructure. Additionally, he underscores the high degree of trust and adoption of financial services in the Nordics and Baltics, along with their track record of fostering global fintech success stories like Wise, Pleo, and Klarna.
Jensen identifies several burgeoning fintech sectors in the Nordic and Baltic regions. Notably, he emphasizes the continued strength of fintech solutions addressing climate change and ESG/sustainability. Furthermore, he points to the rising prominence of insurtech, particularly for SMEs, as well as specialized solutions in wealth management, digital assets, and financial crime prevention, all fueled by the latest advancements in artificial intelligence.
Copenhagen Fintech’s recent partnership with early-stage Swiss investor Tenity aims to provide a significant boost to Nordic and Baltic fintech startups. The VC-backed pre-seed program will offer ambitious early-stage fintech ventures €50,000 in pre-seed capital, with the potential for follow-on investments of up to €250,000. Moreover, startups will gain access to a scaling platform, mentorship opportunities, and participation in a public demo day.
Jensen underscores the critical importance of access for early-stage startups, particularly to capital, networks, knowledge, and talent. The program aims to address these needs comprehensively by providing funding through the Tenity Incubation Fund and offering specialized sessions tailored to the requirements of participating companies. Leveraging an extensive network of investors, financial and tech partners, as well as industry mentors and experts, Copenhagen Fintech aims to provide unparalleled support to fintech startups in the region.
Source: tech.eu
