Juwan Lee has spent over 30 years working around the world in financial services, before leaving money management to create NexChange, a global social network for the financial services industry. Armed with in-depth experience from the worlds major financial capitals, he shares his insights for the Nordic countries. Fintech, such as electronic finance, digital wallets, and cryptocurrencies, are changing the …

Millennials have grown up with technology, which makes them an entirely new breed of consumer. Armed with their devices, they have the world at their fingertips. But access to more knowledge does not necessarily mean making better choices, or does it? Memories of the financial collapse are firmly embedded in the minds of millennials, which has been attributed to their …

The startup ecosystem in Stockholm will have the backing of both local politicians and large companies – and this is among the reasons why Stockholm’s startups are ahead of their Danish counterparts, according to Tim He of Northzone. The Swedish startup scene blooms in Stockholm, and the Business Region Stockholm, which is part of the city council, supports and boosts …

Magnulf Pilskog and Erik Bakstad, two Norwegian consultants who specialized in visualizing large datasets, felt that they kept repeating the same steps over and over again.  Rather than embrace the tedium, they started Ardoq to save them from bureaucratic boredom. Ardoq automatically visualize business processes, so that an organizations documents, business processes, and dependencies on their IT systems can be …

Did you know that the greatest crowdsourcing story ever told was from the mining industry? And that NASA is crowdsourcing Jupiter?  Read on to find out the possibilities of crowdsourcing to accelerate innumerable processes. Crowdsourcing a gold mine In 1990, Rob McEwen took over a mining company called Gold Corp, which was failing to yield profit, despite his geologists telling …

The Cloakroom, a Danish startup specializing in providing men with an online personal shopper, has been acquired by the similar German company Modomoto. The Cloakroom, founded by Kasper Brandi Petersen and Asbjørn Jørgensen, works by putting customers in touch with a personal shopper, who will select outfits that are sent to the customer.  The customer can then select the items …

The world of SEO (search engine optimization) tools has become a jungle, and choosing which tool to promote your website in search engine rankings is a tough decision.  Below, we compare two of the newest SEO tools geared specifically for startups. RankScanner vs SEORanking RankScanner,was developed by Rune Jensen, an active entrepreneur since the age of 14 with experience in …

Firms often hire strategy consultants to move their organizations forward.  But what happens when strategy consultants leave?  The outlooks isn’t good. According to a 2009 study by McKinsey, roughly 70% of organizations fall short of their goals while implementing key strategic initiatives. Many B2B startups tackle management tools, including Podio and Zendesk.  But few address the specific problem of change …

Getting a high valuation for your startup is not the measure of success many founders believe it to be. Below, the different elements behind getting a good valuation are deconstructed. Books and lawyers can help entrepreneurs learn the art of negotiation, but when it comes to valuing a company, negotiation is only part of the equation. Many founders want a …

The World Economic Forum released its report on the Future of Jobs earlier this week, and several industries were highlighted as big winners in net job growth.  Artificial Intelligence was singled out as one of these future change drivers. The gist?  Artificial Intelligence (AI) is not the hydra-headed beast that demolishes jobs as it tramples on the global economy.  Nor …

A number of countries are competing to become the world’s first economy to ditch paper currency.  NexChange recently reported that Kevin Jenkins,  managing director of Visa Europe, stated that within five years, cash will be seen as “a peculiar way of paying for things.” But one region stands out as the front runners in the race to become cashless:  the …

Denmark has just been named the best place to start a business Europe. However, funnily enough the startup environment here is quite disconnected from the rest of Europe. Danish companies tend to expand either to other Nordic countries or go big and enter the US market. Why not enter other European countries? Even though Danish startup scene seems international, majority …

As the economy created by alternative finance expands, services like Capdesk will become an essential tool for investors.  Capdesk is a shareholder platform that improves the experience for shareholders of unlisted companies by gathering all investor activities in one place. Although currently only a small percentage of people buy shares in unlisted companies (companies not listed on the stock exchange), …

Investing in startups is not an easy job. As an investor, you are not only betting on a specific startup and team, but often on a market that doesn’t exist yet. Even the best team in the world is doomed to fail if it undertakes the wrong market.  The opposite is not always true. One of the biggest mistakes venture …

The Finnish health startup Nordic Hug has developed a berry-based spray to kill bacteria and is safe to use on delicate mobile screens With flu season hitting in full force, everyone is trying to find ways to stay healthy and sane. Short of sealing yourself off in a bubble, there are some easy steps to reduce your risk of getting …