Settle Group
“Can a Norwegian EMI with pan-EU payment rails become the preferred payments and banking infrastructure layer for European FinTechs and cross-border commerce?”
Founded2010
HQNorway (Oslo region)
Latest roundSeries A, May 2021
IndustryFintech / SMB banking
The story
Founded in 2010 in Norway, Settle Group built a pan-EU payments infrastructure enabling instant money transfers for consumers and businesses, obtaining a European EMI license. The company expanded its cross-border capabilities via a partnership with Currencycloud and offered Banking-as-a-Service products to FinTechs. In 2024, Settle Group was acquired by UK-based Sokin, which used the acquisition to gain an EU EMI footprint and integrate Settle's payment rails into Sokin Pay.
Product timeline
2010
Settle Group AS launched in Norway as a payments infrastructure company enabling instant money transfers for consumers and businesses.· banking
2021
Raised Series A led by Kleiner Perkins to accelerate growth.· pivot
2023
Partnered with Currencycloud to boost cross-border payments and FX capabilities.· banking
2024
Acquired by UK-based payments company Sokin for an undisclosed amount; Settle's European EMI license and payments infrastructure folded into Sokin Pay.· acquisition
Regulated entities
EMI
EU
Settle Group AS
The stack
Accounting gap: none