This week's edition of Finovate Global features recent fintech news from Denmark, Norway, and Sweden.
Norwegian open finance innovator Neonomics raises $4 million in new funding
Open finance platform Neonomics has received an investment of $4 million. The funding comes from the Norwegian firm's existing shareholders and follows a strategic transformation that reduced its operating cost base by nearly 50% while maintaining high service quality and existing customer base.
“We...
At a time when more and more banks and financial institutions are integrating AI-powered solutions into their systems and processes, what separates successful deployments of AI technology from failed, expensive, or incomplete ones?
At FinovateFall 2026, I sat down with Mark Susser, GTM Lead for Financial Services at ElevenLabs. In our conversation, Susser explained what separates successful AI deployments from those that stall, how companies can identify the right use cases for a...
- Corporate card and expense management platform Ramp raised $1.85 billion in a funding round led by Dragoneer Investment Group, boosting its valuation to $60 billion, nearly double its November 2025 valuation.
- Ramp now serves more than 85,000 businesses, powers over $275 billion in annual purchases, and generates more than $2 billion in annualized revenue.
- Ramp's growing suite of AI-powered tools and roughly 30× annualized revenue multiple suggest investors are betting on its...
- Voice security fintech Illuma has secured an undisclosed investment from existing clients Financial Plus Credit Union and Dort Financial Credit Union, along with CUSO One Washington Financial.
- The funding will help Illuma advance its deepfake detection, fraud prevention, and adaptive authentication capabilities while expanding its reach among credit unions and community banks.
- The investment highlights the growing importance of AI-powered fraud prevention, as financial institutions...
- Financial operations platform for spend and expense management Extend has introduced its AI Receipt Agent.
- The Receipt Agent automates the routine work of matching receipts with card transactions, while keeping finance teams in control of every decision.
- Headquartered in New York, Extend made its Finovate debut at FinovateSpring 2019. The company powers billions in transaction volume and has more than 10,000 business customers.
