STOCKHOLM – 22 July 2025 – Swedish fintech Mynt (www.mynt.com) today announced a strategic partnership with Nordea (www.nordea.com), the largest bank in the Nordics, to launch a business credit card and spend management solution for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland, set to go live in 2026.

SMEs generate over 50% of Europe’s economic output, yet often operate with leaner teams and tighter resources, making efficient, user-friendly financial tools especially valuable for scaling operations and managing day-to-day business spending.

The partnership combines Mynt’s modern spend management infrastructure with Nordea’s pan-Nordic platform to deliver a seamlessly integrated solution that helps SMEs save time, gain control, and operate more efficiently. This joint initiative represents a meaningful step toward advancing financial solutions for SMEs, as Mynt and Nordea come together to develop more effective ways for businesses to manage expenses in an increasingly digital world.

The new solution offers an all-in-one business card and expense management product, equipped with automated receipt handling, real-time spend controls, ERP integrations, and full accounting automation. By embedding Mynt’s white-labelled infrastructure into Nordea’s services, SMEs will benefit from a frictionless, digital-first toolset.

The solution covers the full lifecycle of business spend - from onboarding and KYC/AML compliance to live reporting and seamless exports to accounting software. It is built to streamline how SMEs manage company cards, reimbursements, and reporting.

Prior to automation, processing a single expense report could take anywhere from 20 to 45 minutes across entry, correction and approval. With Mynt’s technology, the same task takes just 30 to 120 seconds, according to the company’s own estimates - a 95% reduction in admin time. For the average SME team, this translates to 10–20 hours saved per month, unlocking hundreds of hours annually for high-value business activities.

Other benefits include:

• Automatic receipt matching - eliminates the need to chase receipts
• Pre- and post-purchase controls - reduces unnecessary spend
• Real-time visibility - enhances oversight and budgeting
• One-click ERP syncing - streamlines bookkeeping

Mynt’s platform already powers financial operations for tens of thousands of SMEs across the Nordics. With Nordea’s expansive client base, this partnership significantly strengthens Mynt’s market presence and leadership in corporate financial technology, while supporting Nordea’s strategic ambition to become the leading digital bank for SMEs across the Nordics.

Baltsar Sahlin, Mynt CEO and Co-Founder: “Neobanks and spend management solutions have seen strong traction in the past years, as SMEs increasingly seek more flexible, digital-first tools to manage their spend and finances. This partnership proves that a change is underway for SME banking. By embedding Mynt’s spend management platform directly into Nordeas offerings, we are reshaping how banks support business customers across Europe. Together we are facilitating an efficient, modern and accessible financial solution for SMEs. One that saves time, reduces admin and allows them to do what they do best: grow and deliver for their consumers.”

For Mynt, the partnership marks its first major bank integration and a key step in its broader European expansion. It also follows a recent €22 million Series B funding round led by Vor Capital, with participation from Visa.

About Mynt

Mynt was created in 2018 when three colleagues - Balstar Sahlin, Magnus Wideberg and Johan Obermayer - found themselves struggling with entering the week’s receipts into the antiquated accounting system used by the company at which they then all worked. Mynt evolves businesses’ financial operating systems by offering innovative solutions to business spend management and accounting automation as well as an attractive card-based offering for small and medium-sized enterprises. Mynt will have expanded to all Nordic markets by year-end, catering to tens of thousands of SMEs and saving businesses countless hours by automating what is possibly the least favourite task in business. 

About Nordea

Nordea are a universal bank with a 200-year history of supporting and growing the Nordic economies – enabling dreams and aspirations for a greater good. Every day, Nordea works to support its customers’ financial development, delivering best-in-class omnichannel customer experiences and driving sustainable change. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about Nordea at nordea.com.