Swedish challenger Northmill acquires Zettle-rival Moreflo

Swedish fintech Northmill Bank has acquired native payments firm Moreflo, as it makes a play in the B2B retail sphere.

Founded in 2006, Northmill received its full banking licence in 2019 and is eyeing up European expansion.

Sweden’s Moreflo develops payment solutions for small and large organisations. It currently works with over 2,500 merchants and 400,00 end users in Norway Sweden, Finland and Denmark. 

Read more: AltFi