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Tallinn
Global
Programs

Tenity invests in 10 startups joining the New Nordics Challengers Program by Tenity and Copenhagen Fintech

August 27, 2024

--> 10 ambitious early-stage startups have been selected for the fintech-focused pre-seed “New Nordics Challengers Program” by Tenity and Copenhagen Fintech, with Tallinn (Estonia) and Copenhagen (Denmark) as its bases.

--> The cohort shows exciting solutions in ESG, Insurtech, Regtech, Enterprise tech, and Cybersecurity leaning on technologies around Web3AI, and even hardware.

--> The startups will receive an initial EUR 50k investment from the Tenity Incubation Fund II and a potential follow-on investment of up to EUR 250k.

 

The New Nordics Challengers Program by Tenity and Copenhagen Fintech kicked off this week in Tallinn with the 10 pre-seed startups selected from over 200 applications. This groundbreaking pre-seed fintech program is designed to propel Nordic and Baltic startups onto the global stage, offering unprecedented opportunities for growth and innovation in the financial services sector.  

Uve Poom, Head of Operations at Tenity Tallinn, says,The key value of acceleration programs is access to the right people, from mentors and coaches to customers and investors. With that in mind, the combined networks of Tenity and Copenhagen Fintech – and our community partners SEB Bank and TGS Baltic – can offer exceptional value to the startups joining this program.

During the rigorous 4-month program, the startups will receive training, coaching, and mentoring from Tenity’s experienced team of experts. From the end of August to the first week of December 2024, the cohort will embark on four action-packed masterclass weeks, all leading up to an electrifying public demo day, designed to maximise networking on investor-readiness. This powerhouse program dives deep into essential topics: refining value proposition, mastering prototyping, nailing fundraising and structure, conquering marketing and sales, achieving product-market fit, and perfecting your pitch.  

Andrei Anghel, Head of Programs Copenhagen Fintech, adds “New Nordic Challengers brings Copenhagen Fintech and Tenity’s capabilities and resources into a new and exciting program aimed at supporting and connecting Nordic and Baltic early-stage fintechs with market and investment opportunities across Europe. The fintechs have already shown a lot of potential in the sourcing phase, and we are now excited to move forward by supporting the founders in reaching some exciting milestones."

Meet the New Nordic Challengers Acceleration Program cohort:

Complok | Estonia

Complok is an AI-driven risk management platform for fintechs that liberates compliance teams from manual labour.

Dewa | Denmark  

Dewa redefines digital identity.

Edger Finance | Sweden

Edger Finance is your gateway to financial data and information on listed companies.

ESGResilience Oy | Finland

ESGResilience provides actionable green analytics.

Itterno | Denmark

Itterno is a death-tech startup revolutionizing the inheritance of online accounts & assets in the digital age.

KLAR Banking | Iceland

KLAR Banking is a comprehensive, fully integrated banking solution designed for Microsoft Dynamics Business Central.

Luminy | Sweden

Luminy unlocks the cash flow of B2Bs through intelligent AR automation.

TickrMeter | Denmark

TickrMeter provides access to data in real-time - without the screen time.

Transtar Networks | Finland

Transtar Networks provides cutting-edge cybersecurity solutions tailored to the financial industry, ensuring secure communication and data protection across key global markets.

Zeipt | Norway

Zeipt Smart Receipt services make it possible for banks to finally obtain line-item data from their customers' purchases.

Leveraging Tenity’s extensive experience and successful track record of running over 20 early-stage accelerators throughout Europe and Asia, along with its 2022 expansion into the Nordics and Baltics from Stockholm, Tallinn, and Copenhagen, combined with Copenhagen Fintech’s expansive network and top-tier fintech ecosystem in the New Nordics, this groundbreaking program is poised to ignite fintech innovation across the region.

Interested in joining our Spring 2025 Tenity Fintech Accelerators in Singapore, Zurich, and Tallinn? Sign up to the waitlist here.

About Tenity:

Tenity is the leading global innovation ecosystem and early-stage investor, with offices in Zurich, Singapore, Tallinn, Madrid, London, and Istanbul. Tenity's vision is to accelerate the future of finance by bringing together ambitious founders with leading companies, investors, and mentors. Today, Tenity counts six hubs, runs corporate innovation programs in more than 15 countries, has worked with 65+ corporate partners, and has supported more than 1600 startups through its programs.  

www.tenity.com  

About Copenhagen Fintech:

Copenhagen Fintech is a Denmark-based organization with a mission to develop the Nordic region as one of the leading fintech hubs in the global financial services industry. It supports and catalyzes the next era of technology-led corporate and startup innovators, offering resources, networking opportunities, and strategic guidance. Since 2016 we have worked with more than 500 Danish and Nordic fintech startups from incubation to acceleration, mentoring and various delegations. We work with 35 corporate partners to accelerate their innovation and host the largest Nordic fintech conference.

www.copenhagenfintech.dk