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Mastercard Lighthouse FINITIV 2023 Fall Program welcomes 15 forward looking Nordic and Baltic fintech and fintech-enabler companies

The Mastercard Lighthouse FINITIV program has launched its 11th round with 15 outstanding fintech and fintech-enabler startups. This fall, the partnership program will focus on Sweden, Finland and Lithuania, with an ambition to stimulate and contribute to the already active and growing startup scene is these countries. Focus areas in the upcoming program include financial literacy, ecommerce payments, blockchain payments, fraud prevention and personal finance management to name a few. Mastercard Lighthouse is committed to supporting innovation and partnerships both vertically – with investors, banks and other corporate partners, and horizontally – among the startups and early scaleups that participate in the program.

Since its launch in 2018, Lighthouse FINITIV has been a catalyst for innovation in the Nordic and Baltic fintech industry. This year, in the midst of an economic downturn, the program is particularly focused on how fintech can support businesses and individuals during economically challenging times. Fintech has already proven to be a valuable tool in driving financial inclusion, increasing efficiency, and reducing costs, and Mastercard is committed to supporting innovation in the industry by facilitating partnerships through its Lighthouse program.

Lighthouse FINITIV’s goal is to strengthen the financial services industry across the region–and thus far, the Nordic and Baltic regions have made consistent contributions to innovation and growth within financial services industry and the broader commercial ecosystem.

Meet the Lighthouse FINITIV Fall Edition of 2023


Waya Finance & Technology is a cloud based, end-to-end invoice management platform. Digitally managed with no manual processes at a fraction of the cost of a legacy system configuration.

Kwikk helps companies build D2C channels (Direct to Consumers) and start selling online, as easy as copy-and-paste.

Bits Technology designs dynamic onboarding flows and prevent fraud by using multiple data sources for your identity needs.

Vaulter is a payment solution that increases trust between sellers and buyers by holding the founds until delivery.

Tjing The Wallet is a digital wallet for kids that stimulates financial literacy by making money and finances genuinely fun.


Fideum is a financial aggregator to help retail and institutional clients-control and manage all assets in one platform.

DappRadar is helping users make informed decisions about blockchain-based gaming, NFTs, DeFi services, and metaverse collectibles.

Torus is a SaaS intelligence platform empowering card payment providers to improve their profits.

Spenfi is a comprehensive spending management software simplifying financial management.

Fundvest is a solution for your long-term financial wealth.


Starcart solves the online shopping problem: how to buy things easily and cheaply. It’s the Booking(dot)com of e-commerce.

Narvi Payments is a Banking as a Service focused on mid-size growth companies.

PayUp is a mobile application for managing and paying one’s bills.

CHAOS is an AI-driven search platform that provides business forecasts and insights.

Book Salon is licensed Payment Facilitator and a PSP and provides saloon software as a service provider for hair, beauty and wellness.

The program participants are both enhancing and challenging existing practices, and their solutions cater to the shifting demands and expectations of customers. Mastercard Lighthouse is dedicated to working with these organizations to provide customers, merchants, banks and enterprises with safe and cutting-edge payment solutions. Together, we can build a more open, interconnected, and sustainable financial ecosystem and we are excited to embark on that mission with the fall class of 2023.

“The energy and innovation that these fintechs and fintech enablers are bringing to the table is staggering. It was a tough decision to select the 15 companies among all the applicants, but we are very excited to start working together with some of the most promising fintechs and fintech-enablers in the region this fall. Through Mastercard Lighthouse FINITIV we are committed to facilitating partnerships and collaborating with these companies to bring new, secure, and innovative payment solutions to consumers, merchants, banks and businesses. This what Mastercard Lighthouse is all about.”
Mats Taraldsson
Mats Taraldsson
Head of Innovation, Fintech and impact-tech Engagement, Mastercard Nordic and Baltic

Mastercard Lighthouse remains one of the most competitive programs of its kind for startups and early scaleups in the Nordic and Baltic region. As part of their applications, each candidate has proposed partnership scenarios with Mastercard and our banking partners. The shortlisted candidates were invited to present their solutions and partnership intentions to the program stakeholders prior to the selection of the final class.

“We are looking forward meeting the teams behind the tools and services that were presented to us this Fall batch. The workshops with the Mastercard Lighthouse program participants are allowing to scratch through the surface of the pitch decks and finding those mutually beneficial partnerships opportunities.”

Marius Ribokas
Marius Ribokas
Innovation Lead in Fintech partnerships, SEB Baltic

During the fall program round, admitted program participants will be able to present their solutions and discuss possible collaboration areas with Mastercard, SEB, Swedbank and OP Group in a 1 on 1 setting during a series of events and workshops. During the program, the program participants will also be introduced to relevant investors from the Mastercard Lighthouse’s Investor Circle, counting 100+ investors covering Europe, the UK and North America. Additionally, the companies will meet growth advisors such as AWS, Fintech Mundi and Invenio Growth. Moreover, the program facilitates meetings with various Mastercard stakeholders, including Marketing and Communication teams for guidance in making their story and messaging clear and enticing, as well as to optimize media exposure during and after the program.

Press contact:
Karin Strand, Communications Mastercard Nordic & Baltics,

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