Mobile payment pioneer, powering Settle - the mobile payment network of Europe
Business Model: B2B
Revenue: $0
Employees: 11-50
Address: Tordenskiolds gate 8-10
City: Oslo
State: oslo
Zip: 0160
Country: NO
Settle Group invented mobile payments in the Nordics, was awarded a patent for mobile payments in 2011 in Norway, and launched the first mobile payment service in Norway. After selling a license for its technology, and the client base of the Norwegian service to the leading Norwegian banks, which today run this as the national mobile payment standard adopted by 80% of the population, Settle Group internationalize its technology and formed the Settle network. Similar to the services known as Alipay, PayTM, Venmo, Zelle, etc. Settle enables people and companies to pay, get paid, manage their money, and grow their businesses using a mobile payment app. Settle Group is licensed to provide financial services in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden, in accordance with its e-money license #108654 issued by the Norwegian Financial Supervisory Authorities.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2014 | Series A | 2 | $6.9M |
Northzone Entrée Capital Entrée Capital Northzone Entrée Capital Entrée Capital |
6/2021 | Funding Round | $3.7M | 11/2018 | Venture Round | $0 |
SpareBank 1 SpareBank 1 SpareBank 1 SpareBank 1 |
4/2020 | Funding Round | $1.1M | 11/2018 | Venture Round | 1 | $1.8M |
SpareBank 1 SpareBank 1 SpareBank 1 SpareBank 1 |
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