Open Payments, a Stockholm, Sweden-based provider of an open banking platform, raised €3M in funding.
The round was led by Alfvén & Didrikson, with participation from Industrifonden and other existing investors. Other existing owners include Sony Financial Ventures, Global Brain, Luminar Ventures and Brightly Ventures.
The transaction is subject to regulatory approval by the SFSA. Emil Ahlanzberg, Investment Associate at Alfvén & Didrikson, will join the Open Payments board.
The company intends to use the funds for continued growth, enabling product development.
Led by CEO and Founder Louise Brandt, Open Payments Europe is a fintech company providing an open banking platform designed specifically for B2B payments. The platform combines Open Banking API connections with ISO-based payment integrations, enabling management of domestic and cross-border payments, account reconciliation, and cash management – all in one place. By embedding these functionalities into businesses’ ERP systems, payment providers, and other financial applications, the company streamlines financial operations and enhance efficiency. Built on the principles of the PSD2 directive, Open Payments’ platform ensures compliance and security at every level.
Recent product launches include cross-border payment capabilities offering lower exchange rates, real-time access to rates for streamlined bookkeeping, and same-day settlements embedded directly in the financial systems.
The system is used by ERP systems, treasury systems, and accounting providers, including Monitor ERP, Treasury Systems, Juni Technologies, Bjorn Lunden, and Speedledger.
FinSMEs
23/01/2025