NoFrixion

What NoFrixion does

NoFrixion Limited is a Dublin-based, Central Bank of Ireland-authorised Electronic Money Institution (firm reference CBI00458163) founded in 2020 that provides regulated programmable payment infrastructure to EU businesses. The company's core product is the MoneyMoov API — a REST platform offering programmable payment accounts with instant IBAN issuance, accounts receivable and payable modules, treasury management, and a Rules engine for conditional fund distribution. The platform integrates Open Banking AIS/PIS for connectivity to external bank accounts (Bank of Ireland, AIB, etc.), supports Bitcoin Lightning Network payments via lnd nodes, and provides bi-directional Xero accounting integration. Authentication is JWT-based with 40-minute user tokens and non-expiring merchant tokens, and a sandbox environment is available for developer onboarding.

NoFrixion operates an API-first, hybrid go-to-market combining direct enterprise sales with a self-serve business portal (business.nofrixion.com), targeting use cases across modern finance teams, B2B2C customer-facing businesses, developers/ISVs building embedded finance, and vertical segments including insolvency practitioners, property management, non-bank lenders, and outsourced FinOps providers. Revenue derives from platform subscription fees, per-transaction processing charges across card, bank, and Lightning payments, and connected-account access fees — with all commercial terms negotiated individually rather than publicly disclosed. Named customers include the Law Society of Ireland, Outmin, and GRID Finance, alongside self-serve SMB onboarding.

The company is venture-backed (€3.6 million seed in October 2022 from Delta Partners, Middlegame Ventures, and Furthr VC) and led by CEO and founder Feargal Brady with CTO/co-founder Aaron Clauson. NoFrixion is the first Irish fintech to hold both EMI authorisation and Virtual Asset Service Provider registration alongside B-Corp certification, and has won Best Digital Banking Solution at the National Fintech Awards in 2023 and 2024, with additional Payments Innovation and Best Payment Solution awards in 2025. The platform is restricted under its terms to registered businesses located in the European Union.

Name

NoFrixion

Legal name

NoFrixion Limited

Website

https://nofrixion.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

NoFrixion is an Ireland-based, Central Bank-authorised Electronic Money Institution providing EU businesses with the MoneyMoov API — a regulated platform for programmable payment accounts, treasury management, Open Banking connectivity, and Bitcoin Lightning payments.

Ownership category

akta.pro rank

Product category

Embedded Payments / Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• Embedded payments api
• Programmable payment accounts
• Treasury management software
• Open banking payments
• Electronic money institution

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Platform / API Access Fees: Fees for use of the NoFrixion Platform including payment accounts, API access, and related services, as set out in Commercial Terms agreed with each customer. Platform supports multi-currency accounts with safeguarded funds held in an EU Safeguarding Bank.
2. Transaction / Payment Processing Fees: Fees charged per transaction processed through the Platform, including card payments, bank payments, Lightning payments, and bulk payouts. Both inbound and outbound payment transactions are subject to fees as detailed in the Commercial Terms.
3. Connected Account / AIS Access: Fees for connecting external business bank accounts (e.g., Bank of Ireland, AIB) via Open Banking for consolidated treasury visibility. View-only AIS access with optional PIS for payment initiation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

NoFrixion provides a regulated, API-first money operations platform (the MoneyMoov API) that enables businesses to create and control programmable payment accounts with instant IBAN issuance, automate accounts receivable and accounts payable workflows, and manage treasury across both native and external bank accounts via Open Banking. The platform also supports Bitcoin Lightning Network payments and an automated Rules engine for conditional fund distribution, replacing manual internet banking and Excel-based reconciliation with API-driven real-time financial operations.

Product overview

NoFrixion is a regulated Electronic Money Institution (EMI) authorized by the Central Bank of Ireland, offering a single integrated platform for money management and programmable payment accounts. The product portfolio consists of the MoneyMoov API as the core technical infrastructure, paired with Accounts Receivable, Accounts Payable, and Treasury Management modules. Additional capabilities include Programmable Payment Accounts with instant IBAN creation, Rules for automated fund distribution, Xero Integration for accounting sync, and Connected Accounts for Open Banking access to external bank accounts. The platform targets modern finance teams seeking to replace traditional banking overhead with efficient API-driven money movement.

Differentiator

Problem solved

Functional benefit

Brands

• MoneyMoov: NoFrixion's API platform for payment services, providing programmatic access to payment accounts, accounts receivable, accounts payable, and treasury management functionality.

Products and services

• MoneyMoov API A REST API that gives developers and businesses programmatic access to NoFrixion's regulated payment infrastructure, enabling embedded IBANs, automated money operations, and custom payment solutions. Authentication is JWT-based, with a sandbox available for evaluation.
• Programmable Payment Accounts (Business Accounts) Regulated business accounts with multi-currency IBANs that can be issued instantly, allowing organisations to own their funds and manage money movement programmatically rather than through manual internet banking.
• Accounts Receivable Module for creating tailored payment experiences to improve collections, including payment links, payment request management, automated receipts, and payment summaries across card, bank, and Bitcoin Lightning rails.
• Accounts Payable Module for reducing back-and-forth between systems, banking portals and approvers, supporting bulk payout processing and streamlined, automated outgoing payment workflows.
• Treasury Management Module that unifies management of all bank accounts, receivables, and payables on a single API-driven platform, including Open Banking connections to external banks for consolidated real-time treasury visibility.

Quantifiable outcome

• Elimination of 7+ hours per week of manual payment processing, file reformatting, and reconciliation work per finance team
• +2 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature9 records

Partnerships

Two partnerships are on record, tiered core and minor.

• XerocoreTechnology or IntegrationXero is a certified accounting software integration partner. NoFrixion provides bi-directional data sync with Xero for automated bookkeeping, reconciliation, and financial reporting. The partnership is featured prominently with dedicated knowledge base content and integration documentation.
• European Women Payments Network (EWPN)minorOthersNoFrixion supports EWPN which provides women in the workforce with access to a community for women working in finance, cards, fintech and payments across Europe. Supports NoFrixion's Women in Finance Charter commitments.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Treezor: French EMI-as-a-service owned by Société Générale, providing payment account issuance, KYC, and transaction processing via API. Directly comparable as a European BaaS/EMI provider targeting corporates and fintechs.
• ClearBank: UK-based EMI and clearing bank providing embedded banking, accounts, and payment infrastructure via API. Closely comparable to NoFrixion as a regulated, API-first challenger bank serving fintechs and corporates across Europe.
• Volt: UK-based Open Banking payment network providing A2A checkout and payment initiation infrastructure. Comparable as a European A2A/Open Banking payments provider competing for the same merchant-facing use cases as NoFrixion's PIS.
• Banking Circle: Luxembourg-based Electronic Money Institution offering BaaS, payments, and FX infrastructure to fintechs and banks. Directly comparable as a regulated EU EMI providing embedded payment accounts and settlement infrastructure, and is also NoFrixion's own banking partner.
• Modulr: UK-regulated payments-as-a-service platform enabling businesses to embed accounts, payments, and Open Banking. Highly comparable to NoFrixion's programmable payment accounts and PIS/AIS offering for SaaS and enterprise.
• Yapily: European Open Banking connectivity provider offering AIS/PIS aggregation for banks, fintechs, and corporates. Comparable in Open Banking connectivity, though more infrastructure-focused than NoFrixion's full EMI + accounts stack.
• Currencycloud: Visa-owned cross-border payments and FX-as-a-service platform offering multi-currency accounts and API-led payment infrastructure. Comparable to NoFrixion's multi-currency IBAN issuance and embedded payment accounts.
• TrueLayer: UK-based Open Banking API platform providing AIS and PIS connectivity across European banks. Comparable to NoFrixion's Open Banking and A2A payment initiation capabilities for businesses and SaaS platforms.

Broad incumbents

• Stripe: Global payments giant with Stripe Connect and Stripe Treasury providing embedded payments, accounts, and financial infrastructure. A broad incumbent competitor overlapping with NoFrixion's embedded payments and account-issuance offering, but at vastly greater scale and with global reach.
• Tink: Visa-owned Open Banking platform providing AIS/PIS, account aggregation, and payment initiation across Europe. Comparable to NoFrixion's Open Banking capabilities but owned by a global incumbent, serving banks and large fintechs rather than mid-market SaaS builders.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nofrixion

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NoFrixion