Tenity and Copenhagen Fintech Launch the “New Nordic Challengers”, a VC-backed pre-seed program to accelerate Nordic and Baltic Fintech Startups

Tenity, a pioneering global innovation ecosystem and early-stage investor headquartered in Zurich, Switzerland, in collaboration with Copenhagen Fintech, a mission-driven organization based in Copenhagen, Denmark, dedicated to cementing the Nordic region as a leading fintech hub, are thrilled to announce the launch of the “New Nordic Challengers” program.

This groundbreaking pre-seed fintech program is designed to propel Nordic and Baltic startups onto the global stage, offering unprecedented opportunities for growth and innovation in the financial services sector.

Empowering the Next Generation of Fintech Innovators

The “New Nordic Challengers” program is meticulously crafted to support and accelerate the growth of early-stage fintech companies from the Nordic and Baltic regions. By providing participants with EUR 50k pre-seed capital and a potential follow-on investment of up to EUR 250k, as well as access to a world-class platform for scaling, the program aims to foster the development of innovative financial solutions with the potential to transform the global financial services landscape.

Building on Tenity’s expertise and proven methodology in running 20+ early-stage incubators across Europe & Asia and its 2022 expansion into the Nordics & Baltics region based out of Stockholm and Tallinn, and Copenhagen Fintech’s vast network and world-class fintech ecosystem across the New Nordics, this new program is set to propel fintech innovation across the region.

The selected startups will benefit from four intense masterclass weeks running from the end of August until the first week of December 2024, culminating in a public demo day. The program covers a wide variety of topics such as value proposition, prototyping, fundraising & structure, marketing & sales, as well as product-market-fit and pitch training.

Beyond the masterclasses, participants will benefit from unparalleled access to a vast network of industry professionals, financial services partners, tech companies, investors, and an extensive pool of mentors and seasoned fintech founders. This comprehensive ecosystem of support is designed to equip emerging fintech innovators with the tools, knowledge, and connections necessary to succeed in a highly competitive market.

The program is now accepting applications until the 20th of May 2024: https://www.tenity.com/programs/nordics-pre-seed-incubator-batch-4.

A Program Built on a Foundation of Excellence

The Nordic and Baltic regions are recognized as fertile ground for fintech innovation, with countries like Denmark, Sweden and Estonia consistently ranking among the top fintech performers in Europe, according to McKinsey. The “New Nordic Challengers” program aims to capitalize on this robust foundation to nurture the next generation of financial services leaders and disruptors.

“By uniting the strengths of Tenity’s global innovation ecosystem and its hub in Tallinn, with Copenhagen Fintech’s deep commitment to nurturing fintech excellence in the Nordic region, we are setting the stage for a new era of financial innovation,” says Andreas Iten, CEO & Managing Partner of Tenity. “The ‘New Nordic Challengers’ program is more than just an accelerator; it’s a launchpad for the fintech pioneers of tomorrow.”

Thomas Krogh Jensen, CEO Copenhagen Fintech, added, “Our mission has always been to spotlight the Nordic region as a beacon of fintech innovation. Through this collaboration with Tenity, we are excited to offer startups not just capital, but a comprehensive support system designed to propel them to global success.”