Sweden-based digital bank Northmill raises $30M

12 Feb, 2021

Sweden-based digital bank Northmill raises $30M
Photo by Raphael Koh on Unsplash

– Northmill Bank, a Swedish digital bank, raised $30m in funding.
– The round was led by M2 Asset Management and Coeli.
– The injection of cash will be used for continued geographical expansion and to accelerate the development of new products.
– Notably, this will include plans to launch in 10 new markets as Northmill aims to step on the gas. Next stop, Norway.
– The bank employs 150 people and offers savings, credits, payments and insurances.

Banking Europe Financial Services
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