Open Payments, a Stockholm, Sweden-based fintech startup, raised €1.2M in seed funding.
Backers included Brightly Ventures, Luminar Ventures, and selected angel investors, which joined Vidici Ventures.
The capital will be used to grow the team and launch the platform in the Nordic and European market.
Co-Founded in 2017 by former iZettle top executive Louise Brandt, CCO, and Jonas Kjellin, CEO, Open Payments is a fintech company that has developed a PSD2 aggregated platform that – on behalf of third-party providers, and with the end customer’s consent – initiates account-to-account payments and retrieves account information and transaction history, all via one single API.
The company has also focused on building a development portal where third-party providers and business partners can develop their own products and services under their own brand-name, using Open Payments white-label solution.
This ecosystem of third-party providers and business partners will further enhance the development portal going forward.