Swedish fintech Mynt has been chosen by Nordea, the largest bank in the Nordics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark, and Finland.
Set to go live in 2026, this partnership combines Mynt’s modern spend management infrastructure with Nordea’s pan-Nordic platform to provide a white-labeled digital toolset for SMEs throughout the region. The offering will feature an all-in-one business card and expense management product, equipped with automated receipt handling, real-time spend controls, ERP integrations, and comprehensive accounting automation. The new solution will handle the full lifecycle of business spending—from onboarding and KYC/AML compliance to live reporting and seamless exports to accounting software.
Before automation, processing a single expense report could take anywhere from 20 to 45 minutes due to entry, correction, and approval processes. With Mynt’s technology, this task is reduced to just 30 to 120 seconds, representing a 95% decrease in administrative time.
Baltsar Sahlin, Mynt’s CEO and co-founder, stated: “By embedding Mynt’s spend management platform directly into Nordea’s offerings, we are transforming how banks support business customers across Europe. Together, we are creating an efficient, modern, and accessible financial solution for SMEs, saving time, reducing admin tasks, and enabling them to focus on growth and serving their consumers.”
For Mynt, this partnership represents its first major bank integration and a crucial step in its broader European expansion. It follows a recent €22 million Series B funding round led by Vor Capital, with participation from Visa.