Minna Technologies, a Swedish fintech that helps retail banks manage subscriptions, said it raised $6.2 million (5.6 million euros) from a series of investors led by Stockholm-based Zenith Group, along with Visa and existing investor Swedbank.

Minna officials said the funding will be used to expand its European expansion.

"As many European banks have started to embrace FinTech partnerships, we have seen a dramatic increase in the interest of our subscription management platform," Joakim Sjoblom, founder and CEO of Minna. "Our current bank partnerships have proved that subscription management is well received by banking customers and that it is an essential part of digital banking."

Minna officials said the funding will be used to help expand the size and geographical reach of the company. The firm also plans to open a new European office, but did not elaborate on the specific location.