Making Cloud SLAs readily usable in the EU private sector
Will the next FinTech startups come from Finland?
Fintech, new solutions that demonstrate an incremental or radical or disruptive innovation development of applications, processes, products or business models in the financial services industry (FSI) has been growing at incredible rates over the last few years.
Now, Swedish investor NFT Ventures has joined forces with Finnish media corporation MTV to launch a new fintech fund in Finland. The Nordic region is a hotbed for IT startups. The interest in Finland is the also partly spurred by the country's successful gaming industry.
The fund will help technology startups that target the banking sector, including cash and media coverage in exchange for equity. In monetary terms, NFT’s average investment is about €1m, rising to €2m. The fund’s typical equity is between 20% and 25%. Priority is given to early-stage startups contributing to transforming banking processes. The partnership has the potential to invest in 400-600 products, looking broadly at transaction-based companies.
But our story doesn't stop here - we conclude with a link to some important advice for fintech firms just been published in a LinkedIn post by Pascal Bouvier, CFA: