Finnish fintech fund launches

Finnish fintech fund launches

Swedish fintech investor NFT Ventures is launching a second fund targeting startups in Finland through a partnership with local broadcaster MTV.

MTV, owned by Swedish media conglomerate Bonnier Group, has reportedly sunk around 150 million krona ($17.5 million) into the fund and will also ensure "nation-wide media visibility" for fintech startups that hand over equity.

NFT Ventures has already made several investments in Swedish tech firms looking to shake-up the banking sector. According to its website, its portfolio includes payments outfit mondido and online lending platform toborrow. It plans another dozen investments in the next 18 months.

Johan Lundberg CEO, NFT Ventures, says: "We see that banking will undergo the same transformation process as many other industries, such as Mobile communication, Media and Airlines, have done. With the fund we want to be at the forefront of that transformation and help technology start-ups to accelerate it."

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