Enable Banking
Enable Banking is a Finland-based PSD2-compliant open banking infrastructure provider offering a single API connecting fintechs, lenders, and software platforms to over 2,700 banks across 30 European countries for account information and payment initiation services.
- Company typePrivate
- Founded2022
- HeadquartersEspoo, Finland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Enable Banking does
Enable Banking Oy is a Finnish open banking infrastructure provider founded in 2022 and headquartered in Espoo, Finland. It operates a PSD2-compliant API platform that connects third-party providers, fintechs, lenders, accounting platforms, and KYC vendors to over 2,700 banks across 30 European countries through a single integration. The company is registered as an Account Information Service Provider with the Finnish Financial Supervisory Authority (FIN-FSA), holds ISO 27001 certification, and manages eIDAS-compliant certificates (QWAC and QSeal) on behalf of licensed TPPs.
The core product is a unified API offering Account Information Services (balances, up to 12 months of transaction history) and Payment Initiation Services (SEPA, domestic, standing orders, country-specific methods) with harmonized consent flows, SCA handling, and bank-specific connector maintenance abstracted away from the customer. Supporting modules include an on-premise Open Banking Aggregation Core with SDKs in Java, JavaScript, and Python, pre-built UI widgets for consent, a sandbox environment, and a Control Panel for application and certificate management. The company recently launched TPP Infrastructure-as-a-Service to absorb PSD2, GDPR, and DORA compliance burden for licensed PISPs and AISPs.
Enable Banking monetizes via usage-based API access fees and subscription recurring revenue for TPP infrastructure services, with quote-based enterprise sales supplemented by self-service developer onboarding through sandbox and documentation. Target customers include licensed PISPs, AISPs, lenders (Qred Bank, Froda, CapitalBox, Monthio, Aura Cloud), credit information providers (CRIF, UC, Fimento), KYC/identity vendors (iDenfy), loyalty programs (SAS Eurobonus), payments players (YOWPay), and accounting/invoicing SMB platforms (Zervant, Ukko.fi). The company is trusted by 180+ partners and processes over 25 million API requests per month across the EEA.
Enable Banking firmographics
Firmographics- Name
- Enable Banking
- Legal name
- Enable Banking Oy
- Website
- https://enablebanking.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Enable Banking is a Finland-based PSD2-compliant open banking infrastructure provider offering a single API connecting fintechs, lenders, and software platforms to over 2,700 banks across 30 European countries for account information and payment initiation services.
- Ownership category
- akta.pro rank
Enable Banking industry classification
Industry- Product category
- Open Banking API Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Open Banking APIs & Connectivity (FSAMAFAA)
- akta.pro secondary industries
- Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC), Identity & Authentication for Open Banking (SCA support, token exchange) (FSAGACAF)
Keywords
Where Enable Banking is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Enable Banking business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- API Access and Subscription: Enable Banking generates revenue through API access fees, likely usage-based or subscription pricing for accessing its open banking infrastructure. The platform charges for connectivity to 2,700+ banks via PSD2-compliant APIs, with pricing varying based on request volume, country coverage, and service tier.
- TPP Infrastructure as a Service: Revenue from managing PSD2 API integration development and maintenance for licensed Third-Party Providers, including certificate management, compliance support, and ongoing infrastructure maintenance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Enterprise API Access |
| Subscription | Monthly | TPP Infrastructure as a Service |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Enable Banking product offering
Product offeringCore offering
Enable Banking operates a PSD2-compliant open banking API platform that provides Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) infrastructure to fintechs, lenders, and other regulated and unregulated entities. The platform aggregates 2,700+ banks across 30 European countries and offers TPP Infrastructure as a Service, allowing clients to leverage Enable Banking's regulated status under the Finnish Financial Supervisory Authority.
Product overview
Enable Banking operates as an open banking infrastructure provider offering a unified PSD2-compliant API platform that connects businesses to 2,700+ banks across 30 European countries through a single integration. The core product is the Enable Banking Open Banking API, complemented by the on-premise Open Banking Aggregation Core (available in Java, JavaScript, and Python SDKs) for customers wanting direct bank API access. Supporting modules include TPP Infrastructure as a Service for licensed payment service providers, Accounts API for account information access, UI Widgets for consent flows, Sandbox environments for testing, and the Control Panel for integration management and monitoring. The platform handles the backend complexity of bank-specific APIs, authentication methods, and regulatory compliance, allowing clients to focus on product development rather than integration maintenance.
Differentiator
Problem solved
Functional benefit
Products and services
- Open Banking API Platform PSD2-compliant open banking API platform providing Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) capabilities, enabling fintechs, lenders, and software platforms to access bank account data and initiate payments across European banks via a single integration.
Quantifiable outcome
- Application processing time reduced from days to minutes for SME lending
- +2 more outcomes
Companies that use Enable Banking
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles3 records
Enable Banking technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Enable Banking partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- A-TonocorePartnership to expand open banking infrastructure in Italy, integrating Enable Banking's PSD2-compliant platform with A-Tono's DropPay service. The collaboration allows DropPay's users to access balances from multiple banks and transfer funds directly within their accounts, supporting Italy's broader strategy to simplify business finance management for 26,000+ businesses and consumers.
- Qred BankcoreFinnish-Swedish fintech alliance integrating real-time financial data and account-to-account payment services across Europe. The partnership enables Qred to optimize credit decisions, automate previously manual processes, and offer faster financing solutions to entrepreneurs through Enable Banking's PSD2-compliant API connecting to 2,500+ banks in 28 countries. Qred serves over 50,000 businesses across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil.
- UCcorePartnership to modernize credit assessments with real-time open banking data. UC combines credit bureau data with Enable Banking transaction data to enable faster, more accurate, and more inclusive credit decisions while maintaining full privacy standards.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Enable Banking competitors and assessment
Company assessmentBroad incumbents
- Plaid: Plaid is the dominant global open banking/data-aggregation platform connecting thousands of financial institutions to apps and fintechs. It is the benchmark competitor in the same connectivity-infrastructure category that Enable Banking sells into European fintechs and lenders.
- Tink (Visa): Tink is a European open banking platform owned by Visa, offering PSD2 AIS/PIS connectivity and value-added services (PSD2 compliance, PFM, risk insights) to banks, fintechs, and lenders. Its parent capital and broader feature set make it a broad incumbent peer to Enable Banking across continental Europe.
Direct peers
- TrueLayer: TrueLayer is a UK-based open banking API platform offering PSD2-compliant AIS and PIS across European banks to fintechs, merchants, and lenders. It is the closest UK/EU-headquartered direct competitor to Enable Banking, serving the same licensed TPP and enterprise buyer base.
- Yapily: Yapily is a London-based open banking infrastructure provider offering API access to European banks for AIS and PIS use cases targeting financial institutions, fintechs, and lenders. It competes head-to-head with Enable Banking in the EEA market on bank coverage and TPP enabler services.
- Salt Edge: Salt Edge is an open banking and account aggregation platform providing PSD2-compliant connections across European, UK, and global banks, with AIS, PIS, and KYC modules. It directly overlaps Enable Banking in regulated AISP infrastructure, multi-country bank coverage, and identity/verification use cases.
- Token.io: Token.io is a UK open banking and account-to-account payment network offering PSD2 PIS connectivity and orchestration for banks and merchants. It overlaps with Enable Banking on licensed payment initiation flows (SEPA, standing orders) and TPP-style infrastructure services in Europe.
Emerging players
- Bud Financial: Bud Financial is a UK-based open banking data and analytics platform leveraging PSD2 APIs for lending, affordability, and personalized finance. It competes with Enable Banking in credit-risk and lending use cases that pull transaction data for underwriting decisions.
- Finexer: Finexer is a UK open banking aggregator offering PSD2 API access to UK and European banks for AIS and PIS, targeting fintechs and lenders. It is a smaller-scale direct competitor in the same connectivity-and-licensing segment that Enable Banking operates in.
Regional players
- Mono: Mono is a Nigerian open banking/financial-data API provider serving African banks and fintechs. It is not direct in geography but operates an analogous open-banking aggregator business model, useful as a cross-region peer for business model benchmarking.
Others
- Signicat: Signicat is a European digital identity and KYC/AML provider that already partners with Enable Banking for identity verification. As a listed strategic partner with overlapping KYC and onboarding use cases, it is a relevant adjacent ecosystem participant.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Enable Banking social profiles
Digital presenceEnable Banking compliance and trust
Trust signalCompliance3 records
Enable Banking financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enable Banking leadership team
Management profileNumber of profiles
Profiles3 records
Enable Banking funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enable Banking 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 Enable Banking
What does Enable Banking do?
Enable Banking operates a PSD2-compliant open banking API platform that provides Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) infrastructure to fintechs, lenders, and other regulated and unregulated entities. The platform aggregates 2,700+ banks across 30 European countries and offers TPP Infrastructure as a Service, allowing clients to leverage Enable Banking's regulated status under the Finnish Financial Supervisory Authority.
Is Enable Banking a public or private company?
Enable Banking is a private company. It is classified as venture growth investor backed and is currently operating.
When was Enable Banking founded?
Enable Banking was founded in 2022. It employs 11 to 50 people.
Where is Enable Banking based?
Enable Banking is headquartered in Espoo, Finland, in the Europe region.
How does Enable Banking make money?
Two revenue lines are on record. API Access and Subscription is the primary driver. The others are TPP Infrastructure as a Service.
Who are Enable Banking's main competitors?
Broad incumbents on record are Plaid and Tink (Visa). Direct peers are TrueLayer, Yapily, Salt Edge and Token.io. Emerging players are Bud Financial and Finexer. Mono is listed as a regional player. Signicat is listed as an others.
Does Enable Banking have an API?
Yes. Enable Banking provides a PSD2-compliant Open Banking API connecting to 2,700+ banks across 30 European countries. The API offers Account Information Service (AIS) for accessing account data, balances, and transactions; Payment Initiation Service (PIS) for initiating payments including SEPA, domestic, and cross-border transfers; and Confirmation of Funds (CBPII). Supports both business and personal accounts across the EEA. The API is based on STET PSD2 specification with custom extensions. Documentation includes Quick Start guides, API reference, sandbox environments, UI widgets for consent flows, and Control Panel for monitoring. Code samples available in Java, JavaScript, and Python on GitHub. Developer documentation is at enablebanking.com/docs.
What industry is Enable Banking in?
Enable Banking's product category is Open Banking API Infrastructure. Its primary akta.pro industry code is FSAMAFAA, Open Banking APIs & Connectivity, with a secondary code of FSAGACAI, Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation). Its NAICS code is 522320 and its SIC code is 6199.