Mynt Acquires CostPocket to Scale AI-Powered Spend Management Across Nordics and Baltics

Swedish fintech Mynt has acquired 100 percent of Estonian technology company CostPocket, consolidating the Nordic and Baltic spend management markets. The deal merges Mynt’s payment infrastructure with CostPocket’s AI-driven receipt capture, offering fintech professionals a glimpse into how regional players are integrating local accounting workflows to streamline SME financial administration across Northern Europe.

What was announced

The acquisition of 100 percent of CostPocket by Mynt marks the formal union of two companies that have already shared a close technical relationship. Prior to this deal, the two firms operated under a technology partnership that saw CostPocket launch its own business card powered by Mynt’s infrastructure. This acquisition is the natural progression of that collaboration, designed to integrate Mynt’s corporate cards and spend management platform with CostPocket’s specialized AI-driven expense tools.

CostPocket provides a solution for receipt capture and expense management that is specifically localized for Finland and the Baltic markets. The platform is notable for its integration ecosystem, connecting with more than 40 different accounting and ERP systems. This deep technical integration allows the software to support a wide range of businesses, accountants, and software partners across the region. Mynt brings a broader spend management platform to the table, while CostPocket contributes expertise in expense workflows and local accounting processes.

Despite the change in ownership, CostPocket will continue to operate as a separate company. It will maintain its existing brand, product, management, and team, continuing to serve customers from its offices in Tallinn, Riga, and Helsinki. There are no planned changes for the company’s employees, partners, or existing customer base. The acquisition is intended to provide CostPocket with access to Mynt’s scaled payment infrastructure while allowing it to focus on its established markets in Finland and the Baltics.

"Becoming part of Mynt gives us access to Mynt's proven and scaled payment infrastructure, while allowing CostPocket to remain CostPocket. We will continue operating as a separate company with the same product, brand, and team, focused on the customers and partners in our existing markets. For our founders and early investors, this is also a proud milestone: proof that a product built in the Baltics can earn its place in the Nordic fintech landscape."

Toni Kivinen, CEO of CostPocket.

The companies involved

Mynt is a Swedish fintech company founded in 2018 that provides corporate cards and an AI-powered spend management platform. The company has built its market position by focusing on automation and deep integrations with leading accounting systems to help businesses control spending. Currently, Mynt serves more than 30,000 businesses and offers its product directly in Sweden, Norway, Finland, and Denmark. It has positioned itself as a key infrastructure provider in the Nordic region, often partnering with established financial institutions to expand its reach.

CostPocket, founded in 2016, is an Estonian technology company that specializes in AI-driven expense reporting. With a physical presence in Tallinn, Riga, and Helsinki, the company has developed a strong foothold in the Baltic and Finnish markets. Its platform, accessible via mobile and web, is designed to transform manual business expense reporting into automated workflows. By integrating with over 40 accounting and ERP systems, CostPocket has become a vital component of the financial administration stack for SMEs and accountants across its core geographies.

What FF News has reported before

FF News has tracked Mynt’s growth through several key milestones in the Nordic fintech sector. In late 2024, the company significantly bolstered its resources, as reported in Swedish Fintech Mynt Closes €22 Million Series B to Scale Its Corporate Spend Management Solution. Its expansion strategy has frequently involved major banking players, such as when Mynt Partners with Nordea to Bring Full-Feature SME Spend Management Solution to Nordic Market. The company’s industry standing was further highlighted when it was named among The Finalists Announced for the 2025 FF Awards. More recently, Mynt has focused on the technical nuances of the Finnish market, as seen in Mynt and ReceiptHero Bring Next-Generation Digital Receipts to Finnish Businesses.

What this means

This acquisition highlights a broader trend of consolidation in the European spend management sector, where localized expertise is the primary driver for regional growth. By absorbing CostPocket, Mynt is not just acquiring technology; it is securing a pre-built ecosystem of 40+ ERP integrations that are notoriously difficult to replicate across different legal and accounting jurisdictions. This move puts pressure on pan-European competitors who may lack the "hyper-local" depth required to compete in the Baltics. The decision to maintain CostPocket as a standalone brand suggests a strategic move to preserve local market trust, though it raises questions about the long-term efficiency of maintaining separate operations in a sector where technical convergence is usually the ultimate goal.