In 2026, Mynt has partnered with Nordea to launch a business credit card and spending management solution targeted at small and medium-sized enterprises (SMEs) operating in Sweden, Norway, Denmark, and Finland.
Nordea: A Nordic Universal Bank
Nordea is a comprehensive banking institution focused on supporting the economic growth of the Nordic region. The bank delivers an integrated omnichannel service aimed at helping its customers achieve financial success while promoting sustainable practices. Nordea’s stock can be found listed on Nasdaq Helsinki, Copenhagen, and Stockholm.
The Economic Impact of SMEs
Small and medium-sized enterprises make up more than 50% of Europe’s economic output, yet these businesses frequently face challenges due to limited resources and smaller teams. Efficient financial tools are critical for scaling operations and managing daily expenses.
Merging Expertise for SME Success
The collaboration between Mynt and Nordea brings together Mynt’s spend management infrastructure with Nordea’s extensive pan-Nordic platform to offer a unified solution. This service is designed to help SMEs save time, increase control over their spending, and boost overall efficiency. Both companies are dedicated to developing advanced expense management tools that meet the needs of the digital era.
Key Features of the New Solution
The new offering combines a comprehensive business card with integrated expense management features such as automated receipt handling, real-time spend controls, ERP integrations, and full accounting automation. By integrating Mynt’s white-labelled infrastructure into Nordea’s services, SMEs gain access to a streamlined, digital-first toolkit.
This solution addresses the entire lifecycle of business spending, from onboarding and Know-Your-Customer/Anti-Money Laundering (KYC/AML) compliance to real-time reporting and seamless integration with accounting software. It simplifies how SMEs handle company cards, reimbursements, and financial reporting.
Significant Time Savings
In the past, processing a single expense report could take anywhere from 20 to 45 minutes, encompassing tasks such as entry, correction, and approval. With Mynt’s technology, this process is now reduced to 30 to 120 seconds – a 95% reduction in administrative time. For an average SME team, this equates to savings of 10 to 20 hours per month, which amounts to hundreds of valuable business hours annually.
