Swedish B2B open banking platform Open Payments has successfully secured €3 million in a funding round led by Alfvén & Didrikson, with additional participation from Industrifonden and other existing investors.
Founded and led by fintech expert Louise Brandt, who previously held a senior leadership role at Swedish fintech company iZettle (acquired by PayPal in 2018), Open Payments aims to simplify banking integrations. “We developed Open Payments to aggregate multiple bank APIs into one single API,” says Brandt. “This enables businesses to innovate and improve their financial operations in ways that weren’t possible before.”
The platform uniquely integrates open banking API connections with ISO-based payment solutions, allowing companies to streamline and manage both domestic and cross-border payments, account reconciliation, and cash management.
Recent product launches include capabilities for cross-border payments with lower exchange rates, real-time access to rates for more efficient bookkeeping, and same-day settlements that can be embedded directly into ERP systems. Customers benefiting from these services include Monitor ERP, Treasury Systems, Juni Technologies, Bjorn Lunden, and Speedledger.
“Our ability to merge Open Banking and ISO integrations into a single API differentiates us in the market,” Brandt explains. “We empower our customers to reduce complexity, save time, and concentrate on what truly matters. With this latest funding, we’re excited to accelerate innovation and continue shaping the future of B2B payments.”
This new funding round brings Open Payments’ total financing to €11.5 million, with Alfvén & Didrikson and Industrifonden now serving as the company’s largest shareholders. Other existing investors include Sony Financial Ventures, Global Brain, Luminar Ventures, and Brightly Ventures.