Neobank Northmill Gets Swedish Banking License
PYMNTS
SEPTEMBER 13, 2019
“The banking license means a great responsibility, and it is gratifying to see that Sweden and its authorities foster innovation,” Lindahl said, adding that the mission of the bank is to “simplify people’s financial lives through technology and innovation.”. As part of the deal, Northmill must maintain a capital minimum of €5 million.
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