Finland

Starcart has secured funding to explore new markets in Europe. The Finnish startup offers an ecommerce platform powered by AI that is revolutionizing online shopping.

While other flash delivery companies are downsizing or merging, Wolt is expanding its coverage area. With its launch in Vienna and Reykjavik, the Finnish company is now active in 25 countries, almost all of them in Europe. Wolt delivers orders for both restaurants and retailers.

Logistics company PostNord Finland is rolling out an outdoor parcel locker network all over the country. The company will use SwipBox’s parcel lockers. Customers can use access the lockers 24/7 in convenient locations.

Finnish ecommerce startup Starcart has raised 1,4 million euros. With the capital, the company wants to strengthen operations in Finland. Additionally, the comparison service wants to expand across Europe.

Ecommerce aggregator eBrands has raised 30 million dollars (29 million euros) in a new funding round. The Finnish company will use the funds for increased acquisition and international expansion. To date, eBrands has raised close to 50 million euros.

Finnish consumers rate ecommerce the least eco-friendly industry compared to the rest of Northern Europe, while Danish customers are the most critical about sustainability. Moreover, Finn.no, Matsmart, Aarstiderne, Tori.fi and Bol.com are voted most sustainable online retailers.

Finnish social shopping app Blidz has raised 6 million euros in Seed funding. The company will use the funding to accelerate its growth in Western markets. Additionally, the funding will be used to expand the product suite and supply chain.

According to new European rules, customers have a product guarantee up to 2 years. When the product breaks, retailers are not allowed to ask for a usage fee. But with longer guarantee periods in Finland and the Netherlands, this can cause problems for online merchants.

The Nordic countries of Denmark, Finland, Norway and Sweden were very early adopters of the internet and have a highly developed digital infrastructure. Online shopping is very common in the Nordics, yet research reveals that there is still growth potential in this region.

Fruugo, an online marketplace that's originally from Finland, is said to be planning to launch an initial public offering (IPO). The UK-based ecommerce platform should go public as soon as this fall.

PostNord invests significantly in parcel boxes in Sweden, Denmark, Norway, and Finland. The logistics company wants to have more than 12,500 of its own parcel boxes in the Nordics before the end of 2022. And after that, investments in additional parcel boxes are planned.

Amazon seller acquisition companies are everywhere. And now there's also one in Finland: eBrands. This company even says it's the only Amazon FBA brand aggregator based in the Nordics. eBrands acquires brands in both Europe and the US.

Posti will open the largest parcel locker space in Europe. On March 12, the current space in the Munkkivuori shopping center in Helsinki will be turned into an OmaPosti kiosk, while the number of available lockers will be doubled.

Finnish postal and logistics service provider Posti will invest over 100 million euros in its growth. The company follows a new strategy, which is all about parcels and flows of goods. It wants to focus more on parcel traffic and logistics in Finland, Sweden and the Baltics.

Posti predicts a record peak season in ecommerce. That's why the Finnish postal and logistics service provider will deliver parcels to the most popular pickup points seven days a week. It has also opened a temporary network of 200 pickup points.