Innovation, Startups and Venture Capital in Iceland

Fintech startup Meniga signs deal with Santander, Eurozone’s biggest bank

Icelandic Fintech Startup Meniga has signed a deal with Santander to provide Santander’s customers with their Personal Finance Management solution.

Meniga’s software, known to most Icelanders, is sold to Santander as a white label solution, and will give the banks “building blocks to help speed up development of online banking platforms,” according to Georg Lúðvíksson, co-founder and CEO of Meniga.

Santander is the largest bank in the Eurozone by market value, with over 180,000 employees and almost €1,3 trillion in total assets.

This is Meniga’s largest deal to date, and should, according to an article on Business Insider, help Meniga’s revenue grow about 30-50% over the next couple of years.

Read more on Business Insider or Forbes.

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