Danish finTech startup Spiir has announced the completion of a $5 million capital investment round.
The investment was provided by existing investors DNB and Danske Bank.
In spring of 2018, Danske Bank became a co-owner Spiir, for the net sum of $3.6 million.
This is the first time Danske Bank has become a co-owner of a finTech startup.
The $5 Million
The investment will be used to execute Spiir's growth plan for making available its product Nordic API Gateway in Europe, as well as further development of its open banking services.
Spiir was founded back in 2011 by Rune Mai and Gudmundur Hreidarsson.
They developed Nordic API Gateway, an open banking platform that enables frictionless financial access via an AP to aggregated financial data with the extensive coverage of both personal and business bank accounts in the Nordics.
Spiir's financial services are currently being used by Danske Bank, DNB, Jyske Bank, OP Financial Group, and Pleo.
Spiir has 60 employees based in three offices. Two are located in Denmark, in Copenhagen and Aarhus, and one is in Gdansk, Poland.
Prior to this investment round, Spiir secured almost $10M from Nordic investors.
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