Open Payments
Open Payments is a Stockholm-based PSD2-licensed fintech that aggregates multiple Nordic and European banks into a single unified API for embedded payments, account information, and cross-border transfers. It serves ERP vendors, accounting platforms, treasury systems, and fintechs (including Fortnox, Monitor ERP, Spiris, and Ludvig & Co) on a usage-based and enterprise-subscription pricing model.
- Company typePrivate
- Founded2017
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Open Payments does
Open Payments (legal entity Open Payments Europe AB) is a Stockholm-based fintech founded in 2017 that operates a PSD2-licensed open banking and payment aggregation platform. Its regulated status as a Swedish Payment Institute under Finansinspektionen allows it to provide both Account Information Services (AIS) and Payment Initiation Services (PIS) across the Nordics and the Netherlands. The company's core product is a unified API that consolidates PSD2 bank APIs, premium bank integrations (e.g., Swedbank, Nordea), ISO 20022 / clearinghouse file flows, and Bankgirot-specific functionality (including Bankgiro name lookup and bundled payment visibility) into a single interface. Supporting modules include the Payout Service with client-funds Escrow, the Cash Management Tool, FilePay ISO for legacy file ingestion, and cross-border payments with real-time FX and forward contracts.
The platform serves software vendors rather than end businesses directly. Distribution is exclusively B2B partner-led: ERP systems (Monitor ERP, Spiris, Briox, Aspia, Fortnox), accounting and bookkeeping platforms (SpeedLedger, Bjorn Lunden, Freedom Group, Ludvig & Co, Finago Procountor), treasury systems, payment providers (Juni), and global infrastructure partners (Worldpay) embed Open Payments into their workflows. Monetization combines usage-based transaction fees (free tier up to 100 transactions, Scale tier up to 15,000 transactions, Enterprise tier for high-value transactions above €15k) with optional per-user and "use your own license" enterprise contracts and multi-year commitments. Authentication and signing are handled via BankID; AML monitoring and Svensk Handel watchlist screening provide compliance coverage.
Operationally, Open Payments claims 90% Nordic B2B banking market coverage and 100% B2B banking market coverage in the Netherlands (ING, Rabobank, ABN AMRO, Knab). The company reports that 2024 transaction volumes tripled and revenue doubled year-over-year, supported by approximately €6M of disclosed growth funding across 2023 (€3M led by Industrifonden with Sony Financial Ventures and Global Brain) and 2025 (€3M led by Alfvén & Didrikson with Industrifonden and existing investors), bringing cumulative disclosed funding to roughly €11M since 2019. Headcount is in the 11–50 range, with active hiring in engineering (DevSecOps) and commercial functions, and leadership under co-founder and CEO Louise Brandt, CTO Johan Segerstedt (joined September 2024), and CPO Rasmus Brenter.
Open Payments firmographics
Firmographics- Name
- Open Payments
- Legal name
- Open Payments Europe AB
- Website
- https://openpayments.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Open Payments is a Stockholm-based PSD2-licensed fintech that aggregates multiple Nordic and European banks into a single unified API for embedded payments, account information, and cross-border transfers. It serves ERP vendors, accounting platforms, treasury systems, and fintechs (including Fortnox, Monitor ERP, Spiris, and Ludvig & Co) on a usage-based and enterprise-subscription pricing model.
- Ownership category
- akta.pro rank
Open Payments industry classification
Industry- Product category
- Open Banking and Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Miscellaneous Business Credit Institution (6159), Finance Services (6199)
- akta.pro primary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
- akta.pro secondary industries
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ)
Keywords
Where Open Payments is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Open Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction-based API fees: Usage-based pricing where partners/transactions determine cost. Free tier includes 100 transactions; Scale tier up to 15,000 transactions. Enterprise tier includes high-value transactions (>15k EUR) and dedicated SLAs.
- Enterprise licensing: Enterprise tier with optional 'Use your own license' and 'Pay per-user pricing model'. Includes dedicated support, account management, complete ISO compatibility, Bankgiro service agreement, and high-value transaction support.
- API platform access: Build tier provides sandbox and production environment access with AIS and PIS services, Open Link accessibility, and support for both corporate and private accounts. Revenue generated through tiered subscription model.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Build: Entry-level developer tier with sandbox access, production API, and 100 free transactions |
| Subscription | Monthly | Scale: Mid-tier with up to 15,000 transactions, standard support, and integration assistance |
| Subscription | Multi-year contract | Enterprise: Full-service tier with dedicated SLAs, high-value transactions, and account management |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Open Payments product offering
Product offeringCore offering
Open Payments provides a PSD2-licensed unified API platform that aggregates multiple bank connections (PSD2 APIs, premium bank APIs, ISO files and clearinghouse files) so that businesses can access account information, initiate domestic and cross-border payments, and automate reconciliation through a single integration. The platform is embedded by ERP, accounting, treasury and fintech partners across the Nordics and the Netherlands, offering Account Information Services (AIS), Payment Initiation Services (PIS), cross-border payments with real-time FX, a Payout Service with escrow, BankID-based authentication and integrated AML monitoring.
Product overview
Open Payments is a Swedish fintech company offering a unified Open Banking platform that combines Open Banking (PSD2) and ISO-based payment integrations into a single API. The core platform consists of three main services: Payments (PIS) for payment initiation, Accounts Data (AIS) for account information access, and Cross-Border Payments for international transactions. Key supporting products include FilePay (for converting payment files to API calls), the Payout Service (for pay-ins/pay-outs with escrow), and the Cash Management Tool. The platform is designed for ERP systems, accounting software, and B2B businesses, providing embedded banking capabilities directly within existing business workflows.
Differentiator
Problem solved
Functional benefit
Products and services
- Open Payments Platform Unified API aggregation platform combining Open Banking (PSD2) and ISO-based payment integrations so that businesses can access multiple banks through a single API for account information, payment initiation and cross-border transactions. Sold to ERP, accounting, treasury and fintech partners on Build, Scale and Enterprise tiers.
- Payments (PIS) Payment Initiation Service enabling single, batch, invoice checkout, account-to-account, request-to-pay and recurring payments via Bankgirot, SEPA and cross-border rails with transparent FX. Used by partners to initiate payments directly from their business systems.
- Accounts Data (AIS) Account Information Service providing real-time access to bank account balances, transaction history and cash flow data across multiple banks, supporting both corporate and private accounts and enabling automated data access and verified KYC/AML onboarding.
- Cross-Border Payments International payment service enabling cost-effective B2B cross-border transactions with real-time exchange rates, same-day settlements and forward contracts for currency locking, eliminating the need for multiple currency accounts.
- Payout Service Service for managing pay-ins, pay-outs, splits and disbursements with client funds accounts (Escrow) and a Cash Management Tool, handling account owner verification, pre-validated beneficiaries and reference management for partner platforms.
Companies that use Open Payments
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Open Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature9 records
Open Payments partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- SpiriscoreSpiris partners with Open Payments to strengthen bank integration and payment flows directly within its platform. Partnership simplifies everyday work for businesses and accounting firms through more automated, unified and secure financial workflows. Open Payments provides technical foundation for fetching account data and initiating payments securely without leaving the platform.
- FortnoxcoreStrategic partnership making Open Payments Fortnox's bank integration and payment infrastructure provider. Following a recent share issuance of 35 million kronor, Open Payments leverages this agreement to deepen its presence in the Nordic open banking market. Integration enables Fortnox's approximately 600,000 business customers and accounting firms to access automated bank balance updates, transaction history, and payment processing directly within the Fortnox business system.
- WorldpaycoreGlobal payments technology partner for B2B cross-border payments. Partnership combines Open Payments' open banking infrastructure with Worldpay's global payment capabilities. CEO Louise Brandt participated in fireside chat at Worldpay's Rethink 2024 event in Lisbon. Platforms complement each other to create B2B cross-border payment solution with real-time FX rates and same-day settlements.
- Freedom GroupcoreFreedom Group integrates Open Payments into Bflow platform for embedded payments. Enables supplier invoices to be viewed, approved and paid within Bflow without leaving the platform. Partnership developed parts of embedded payments together as no one had done this in their segment before.
- SpeedLedgercoreSpeedLedger uses Open Payments for both account information and payments. For Swedbank and Nordea, uses premium bank APIs through direct partnerships; for other banks, uses Open Payments' Open Banking infrastructure. Bank connection is foundation for SpeedLedger's auto-accounting product serving sole traders and small businesses.
- Monitor ERPcoreLong-term integration partnership since 2022. Monitor ERP embedded Open Payments for banking functionality. Partnership enables payments inside ERP with automation, supporting both PSD2 Open Banking and legacy ISO formats. Monitor serves 6,000+ manufacturing customers across 15 countries with 300,000 daily users.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Open Payments competitors and assessment
Company assessmentDirect peers
- Token.io: Open Banking-based account-to-account payment network serving banks and merchants across Europe. Direct competitor in PISP services, particularly for pay-by-bank and B2B cross-border payment use cases Open Payments targets.
- Yapily: European Open Banking API platform providing AIS and PIS connectivity across multiple countries. Direct competitor targeting enterprise and fintech customers with bank aggregation infrastructure similar to Open Payments.
- TrueLayer: UK-based Open Banking API platform offering account information and payment initiation services across Europe. Direct competitor in the PISP/AISP space, particularly for cross-border B2B and consumer payment initiation use cases.
- Tink: Visa-owned European Open Banking platform providing PSD2-compliant AIS/PIS APIs across 20+ European markets. Direct competitor to Open Payments' core aggregation and payment initiation offering, with significantly broader country coverage and a much larger capital base.
Broad incumbents
- Trustly: Nordic-headquartered account-to-account payment network owned by Nordic Capital. Operates broadly in the same A2A/PSD2 payment initiation space as Open Payments but at much larger scale across Europe and the US, and is now part of a larger payments consolidation effort.
- Plaid: US-headquartered but expanding in Europe, Plaid provides bank connectivity and payment APIs at massive scale. While stronger in US/UK, its European push and broad developer ecosystem position it as an incumbent competitor to Open Payments as it expands outside the Nordics.
- Finastra: Large global financial software vendor with treasury, payments and open banking capabilities serving banks and corporates. Operates in adjacent infrastructure layers (treasury, corporate banking) where Open Payments partners (e.g., Treasury Systems) also operate.
Emerging players
- Bankin': European bank-aggregation and personal finance management provider offering Open Banking connectivity, particularly in France and Southern Europe. Adjacent competitor serving consumer-facing use cases that overlap with parts of Open Payments' aggregation layer.
Others
- Worldpay (FIS): Global payment processor and banking infrastructure provider that is both a partner (cross-border B2B payments) and a broader ecosystem player. Comparable as adjacent payments infrastructure and a potential channel partner or competitive threat in cross-border.
Regional players
- Nordic API Gateway: Nordic-focused PSD2 Open Banking aggregator providing account information and payment initiation APIs in the Nordics. Regional direct competitor that could erode Open Payments' Nordic dominance if bank coverage or pricing becomes more attractive.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Open Payments social profiles
Digital presenceOpen Payments compliance and trust
Trust signalCompliance3 records
Open Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Open Payments leadership team
Management profileNumber of profiles
Profiles5 records
Open Payments funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Open Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Open Payments
What does Open Payments do?
Open Payments provides a PSD2-licensed unified API platform that aggregates multiple bank connections (PSD2 APIs, premium bank APIs, ISO files and clearinghouse files) so that businesses can access account information, initiate domestic and cross-border payments, and automate reconciliation through a single integration. The platform is embedded by ERP, accounting, treasury and fintech partners across the Nordics and the Netherlands, offering Account Information Services (AIS), Payment Initiation Services (PIS), cross-border payments with real-time FX, a Payout Service with escrow, BankID-based authentication and integrated AML monitoring.
Is Open Payments a public or private company?
Open Payments is a private company. It is classified as venture growth investor backed and is currently operating.
When was Open Payments founded?
Open Payments was founded in 2017. It employs 11 to 50 people.
Where is Open Payments based?
Open Payments is headquartered in Stockholm, Sweden, in the Europe region.
How does Open Payments make money?
Three revenue lines are on record. Transaction-based API fees are the primary driver. The others are enterprise licensing and API platform access.
Who are Open Payments's main competitors?
Direct peers on record are Token.io, Yapily, TrueLayer and Tink. Broad incumbents are Trustly, Plaid and Finastra. Bankin' is listed as an emerging player. Worldpay (FIS) is listed as an others. Nordic API Gateway is listed as a regional player.
Does Open Payments have an API?
Yes. Open Payments provides a unified API that aggregates multiple bank APIs, enabling businesses to access account information and initiate payments through a single integration. The API supports payment initiation services (PIS), account information services (AIS), and cross-border payments. It offers both Open Banking (PSD2) and ISO-based payment integrations. Developers can access sandbox and production environments, with free transaction allowances for testing. Developer documentation is at docs.openpayments.io.
What industry is Open Payments in?
Open Payments's product category is Open Banking and Payment Infrastructure. Its primary akta.pro industry code is FSAMAFAB, A2A Payment Initiation Service Providers (PISPs), with a secondary code of FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments). Its NAICS code is 522320 and its SIC code is 6159.