Nordic fintech Open Payments raises €3m in second seed round
Swedish start-up Open Payments has raised €3 million in a seed funding round.
The start-up has raised é4.2m since 2017
Industrifonden led the round, which featured participation from existing investors Brightly Ventures and Luminar Ventures.
This is Open Payments’ second round of seed funding. The firm raised €1.2 million in May 2019.
Founded in 2017, Open Payments enables third-party applications to efficiently integrate their services with banks through a single API.
The start-up has also built a development portal through which third-party providers and partners can develop their own brand-name products and services.
Its founders include former iZettle executive Louise Brandt and Microsoft alumni Jonas Kjelin.
The firm has launched in Sweden and Finland, and plans to embark on a further European expansion in due course.
Kjellin says that while he believes Big Techs will have a big impact on the financial industry, they will require fintechs to partner with.
“By bridging the gap between them, we have a great position to offer our customers a flexible solution.”
