Swedish fintech Mynt is joining forces with the largest bank in the Nordics, Nordea, to launch a new business credit card and spend management solution for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.
By combining the spend management infrastructure from Mynt with the Nordea pan-Nordic platform, the two entities plan to deliver an integrated solution that helps SMEs save time, gain more control, and operate more efficiently.
Set to go live in 2026, the new solution offers an all-in-one business card and expense management product, equipped with automated receipt handling, real-time spend controls, ERP integrations, and full accounting automation. By embedding Mynt’s white-labelled infrastructure into Nordea’s services, SMEs will benefit from a frictionless, digital-first toolset.
Although SMEs generate over 50 per cent of Europe’s economic output, many often operate with leaner teams and tighter resources, making efficient, user-friendly financial tools especially valuable for scaling operations and managing day-to-day business spending.
Mynt and Nordea plan to deliver these kinds of tools through the new partnership, with the upcoming solution covering the full lifecycle of business spend – from onboarding and KYC/AML compliance to live reporting and seamless exports to accounting software. It is built to streamline how SMEs manage company cards, reimbursements, and reporting.
Prior to automation, processing a single expense report could take anywhere from 20 to 45 minutes across entry, correction and approval. With Mynt’s technology, the same task takes just 30 to 120 seconds, according to the company’s own estimates – a 95 per cent reduction in admin time. For the average SME team, this translates to 10 to 20 hours saved per month, unlocking hundreds of hours annually for high-value business activities.
Changing SME banking
The new spend management solution also eliminates the need for firms to chase receipts with automatic receipt matching, while one-click ERP syncing streamlines bookkeeping.
“Neobanks and spend management solutions have seen strong traction in the past years, as SMEs increasingly seek more flexible, digital-first tools to manage their spend and finances,” Baltsar Sahlin, co-founder and CEO of Mynt, also added.
“This partnership proves that a change is underway for SME banking. By embedding Mynt’s spend management platform directly into the offerings of Nordea, we are reshaping how banks support business customers across Europe. Together we are facilitating an efficient, modern and accessible financial solution for SMEs. One that saves time, reduces admin and allows them to do what they do best: grow and deliver for their consumers.”
Mynt’s platform already powers financial operations for tens of thousands of SMEs across the Nordics. With Nordea’s expansive client base, this partnership significantly strengthens Mynt’s market presence and leadership in corporate financial technology, while supporting Nordea’s strategic ambition to become the leading digital bank for SMEs across the Nordics.
For Mynt, the partnership marks its first major bank integration and a key step in its broader European expansion. It also follows a recent €22million Series B funding round led by Vor Capital, with participation from Visa.
