Fixrate announced securing a NOK 19.5M funding round backed by Schibsted.

Fixrate, a Trondheim, Norway-based local operator of a marketplace for bank deposits, announced completing a NOK 19.5M ($2.3M) capital funding round.

The money was raised from the local media company Schibsted through Schibsted Growth.

Fixrate, founded in 2016 by Bjørn Oddvar Landsem, Christoffer Blindheim and CEO Brynjar Ellingsen, developed and operates a flexible marketplace that make it easy and attractive for both banks and companies to handle bank deposits.

The company has customers throughout Norway and has ambitions to expand within the Nordics and internationally.

Fixrate is headquartered in Steinkjer, has a development office in Trondheim and sales office in Oslo. It previously raised an angel round in 2017.