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PRESS RELEASE

August 28, 2025 | Waterloo, Belgium

 

20 innovative Nordic and Baltic fintech and impact tech companies join the Mastercard Lighthouse 2025 Fall Program

Today Mastercard Lighthouse announces 20 companies to join the leading startup partnership program in the Nordics and Baltics – FINITIV for fintech companies, and MASSIV for sustainability and social impact tech startups. The programs bring together startups and early scaleups with partner banks, investors, corporate partners, advisors and Mastercard to scale innovative ideas. 

Swedbank, UNDP, Danske Bank, Synch and VNTRS together with Mastercard provide feedback and support to the social impact tech startups participating in the MASSIV-program. 

“As a long-term partner to the Lighthouse programs, it’s always exciting to enter a new season. Mastercard Lighthouse is by far the best program in the Nordics and Baltics to meet promising fintech and impact tech companies. We have high hopes ahead of each edition, and Mastercard always delivers! “- Joakim Höglund, Partnership Business Manager, Swedbank

Swedbank, SEB, OP, DNB, Danske Bank, Resurs and SpareBank 1 Østlandet together with Mastercard provides feedback and support to the fintech companies in the FINITIV-program.

“The Mastercard Lighthouse FINITIV program is a catalyst for our innovation journey at SEB. It gives direct access to structured collaboration opportunities with selected fintech startups, future-proofing our products and services. Most important, this comes with tangible outcomes — meaningful partnerships or at least a pilot in each program batch.” - Marius Ribokas, Innovation lead in Fintech partnerships, SEB Baltics

In addition, Mastercard Lighthouse have an associated investor circle of 180+ investors and corporate partners such as AWS, Invenio and Fintech Mundi to further support the participating startups and scaleups.

 

Meet the Mastercard Lighthouse FINITIV Fall Class of 2025: 

Sweden

  • Billecta provides a fully automated invoicing and payments platform, integrating distribution, payment matching, and debt collection into one seamless flow. 
  • Mat Plus turns digital receipts from consumers into product-level data and insights for fintechs, brands, and retailers.
  • Movitz Payments helps banks comply with regulations, fight fraud and misdirected payments while elevating the user experience.
  • StockRepublic helps banks with three main challenges within the investment/savings area: engagement, inclusion and attracting new customers.
  • Waytobill specializes in recurring payments, moving over volume to automated payments and increasing merchant revenue.

Finland

  • Intuitech builds Expert AI Agents for banks that connect to enterprise systems, automate complex workflows and boost ROI.
  • KotiCharge is a B2B SaaS company providing EV charging billing service and energy optimization in housing associations.
  • PaySaxas is building a platform to help businesses manage cross-border payments in fiat and crypto stablecoins.
  • Quantera.ai provides stock insights for analysts and equity professionals, processing terabytes of financial data to create new insights.
  • Yes.inc is building the world's largest expert insight network, monetized by AI.

Baltics

  • EcomWall is developing a bank solution to help banks find leaked cards, accounts, checks and takedown cards from the darknet.
  • Midcontract is an escrow-backed payment platform for freelancers, agencies, and SMBs, solving non-payments, delays, and high fees.
  • Millentic is the first natively interoperable data operations platform for global commerce companies.
  • Monemon is empowering Gen Z through gamified financial literacy in the form of a mobile application.
  • INZMO's embedded insurance solutions integrate smoothly into business operations, adding value and increasing trust.
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Meet the Mastercard Lighthouse MASSIV Fall Class of 2025:

  • Bisly is an Estonian proptech scaleup delivering scalable and affordable building automation solutions, making energy-efficiency through automation available for the mass market.
  • Cirkly is based in Sweden and digitalizes ROSCA (Rotating Savings and Credit Association), driving financial inclusion for immigrants and sustainable financial health for young adults.
  • GraphoGame is a Finnish edtech pioneer transforming how children learn to read worldwide, with a portfolio of literacy games in 17 languages already reaching over 10 million users. 
  • Planboo, from Sweden, provides digital tools for biochar carbon removal with in-field MRV (Monitoring, Reporting, and Verification) credit scoring, and sales enablement.
  • Traced Systems, from Denmark, provides blockchain-based digital product passports to help brands meet EU rules with full traceability. 

 

“It is very encouraging to see the level of creativity and innovative spirit amongst the companies that will take part this fall in the Mastercard Lighthouse program that focuses on fintechs and impact tech companies. Through the program, we are committed to facilitate partnerships and together with our partner banks and Advisory Board collaborate with the companies to bring new innovative solutions to consumers, merchants, banks and businesses”, – Mats Taraldsson, Head of Fintech and Impact Tech Engagement at Mastercard Northern Europe

 

Read more about Mastercard Lighthouse MASSIV program: www.mclighthouse.com/MASSIV

Read more about Mastercard Lighthouse FINITIV program: www.mclighthouse.com/FINITIV

Media contact

 

Karin Strand, Communications, Nordic and Baltics

karin.strand@mastercard.com

About Mastercard (NYSE: MA)

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com