New Nordic Challengers
March to May 2025
Tallinn
Pre-seed VC-backed program in partnership with Copenhagen Fintech. Up to EUR 300k investment. World-leading partners, rigorous masterclasses, mentors and 1:1 coaching.
Applications open
Come build your venture with Tenity and Copenhagen Fintech in the New Nordic Challengers program, the leading accelerator dedicated to exceptional founders creating the future of finance & beyond. If you are passionate and motivated entrepreneur, who has the drive and ambition to make your startup a success, we at Tenity will help you get there faster!
This program is for founders across all areas of Fintech and Insurtech, including related verticals with a solution or use case for the financial industry.
Building on Tenity’s expertise and proven methodology in running 20+ early-stage programs across Europe & Asia and its 2022 expansion into the Nordics & Baltics region based out of Tallinn, and Copenhagen Fintech’s vast network and world-class fintech ecosystem across the New Nordics, this program is set to propel fintech innovation across the region.
We invest up to EUR 300k in each startup selected for our program, providing access to a valuable network of business, product and tech experts and mentors, strategic introductions to corporate partners, dedicated support from our investment team, guidance in fundraising and tech perks, valued collectively at over EUR 100K. In return, we take an equity stake, alongside a EUR 12K program participation fee.
In addition, we may invest in your subsequent financing rounds according to the Tenity Deal. The decision on the follow-on investment is separate from the initial investment and will be evaluated case-by-case. If applicable, we might invest in your following financing round.
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.
You are a Fintech, Insurtech, AI, Regtech, Deeptech, Web3, Sustainable Finance, Legaltech, or Crypto Finance startup with a solution or use case for the finance or insurance sector.
We invest in ventures from ideation to seed stage, encompassing pre-revenue startups as well as those in the early phases of generating their first sales.
Building a startup is hard and we believe that no person can do it by themselves. While you may apply as a solo-founder, you would need to find a cofounder before the program starts, as we do accept teams and not solo founders.
Solutions designed to disrupt and enhance traditional financial services, ranging from payments and wealth management to emerging areas like embedded finance and open banking.
Innovations aimed at transforming the insurance industry by introducing new models such as embedded insurance, climate risk management, and AI-driven underwriting.
Solutions that help financial institutions navigate the increasingly complex regulatory environment.
Artificial intelligence technologies that automate processes, enhance decision-making, and personalize customer interactions within the financial industry. This includes applications in wealth management, predictive analytics, and fraud detection
Decentralized technologies such as blockchain, digital assets, and tokenization. This includes applications in decentralized finance (DeFi), asset tokenization, and digital identity, helping reshape financial infrastructure and ownership models
Innovations that help the financial sector address environmental, social, and governance (ESG) challenges. Tenity’s Climate FinTech initiatives support startups developing solutions for carbon footprint tracking, climate risk management, and green financing
Adjacent technologies and solutions with applications in the broader financial sector, such as LegalTech, PropTech and DeepTech solutions. These innovations focus for example on enhancing legal processes, secure transactions, and operational efficiencies for financial institutions
Step 1: Fill in the application form – it will take only 2-3 minutes – once submitted, you will receive an email confirmation.
Step 2: A few days after the deadline, the teams will be invited to an online info session where you’ll learn more about the program, our terms, next steps and you’ll have the opportunity to ask your questions.
Step 3: The top teams will be invited for our Speed Dating events in one of our hubs, after which we’ll select the final teams that will enter the program.
We invest up to CHF/EUR 300k or 450k SGD in the startups selected for the program, in exchange for an equity stake and a program participation fee of CHF/EUR 12’000 or SGD 18’000.
The program participation fee is due after receiving the above investment.
In addition, we may invest in a following round.
You don’t have to be incorporated when you apply. But you have to incorporate within 30 days from signing the contracts.
For the Zurich program we mainly look for startups coming from the DACH,Western Europe and UK. If you are incorporated in any other country, you can still apply, but you may need to reincorporate in one of the before-mentioned countries to be accepted into the program.
For the Singapore program: we mainly focus on startups coming from Singapore and South-east Asia. For startups coming from other countries in the region, for example Indonesia, Philippines, Vietnam, Taiwan, Thailand, Hong Kong, we are happy to receive your application, but please be prepared to reincorporate in one of primarily mentioned countries in order to be accepted into the program.
For the Nordics & Baltics program we mainly look for startups coming from Western Europe and UK. If you are incorporated in any other country, you can still apply, but you may need to reincorporate in one of the before-mentioned countries to be accepted into the program.
For questions regarding the locations please contact the scouting team directly at scouting@tenity.com
We don’t accept solo founders, but teams who have minimum 2 cofounders 100% committed on the startup.
The time commitment for the program is 4 weeks in total (1 week per month, for the duration of each masterclass week). At least 2 co-founders must be present during that time.
All co-founders must have astake in the company and represented on the cap table.
We are looking for Fintech, Insurtech, or RegTech, DeepTech, Web3, Sustainable Finance, LegalTech, CryptoFinance startups or startups with a solution or a use case for the finance or insurance sector. So even if you don't strictly fall into the Fintech category, if any of the above applies to you, we are happy to see your application!
