ndgit
ndgit (Qwist GmbH) is a Munich-based Open Finance API platform that connects European banks, lenders, payment providers, e-commerce platforms, and insurers via Connect, Assess, and Activate product suites, covering 3,600+ financial institutions across 30+ countries.
- Company typePrivate
- Founded2015
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ndgit does
ndgit is a Munich-based Open Finance infrastructure product line operated by Qwist GmbH, founded in 2015. The company provides pan-European banking-data connectivity, financial-data intelligence, and embedded financial-action APIs, serving banks, lenders, payment companies, e-commerce platforms, PropTechs, and insurers. Its platform is organized into three pillars: Connect (safe and compliant access to financial data, including PSD2 API, Open Finance Compliance for PSD3/PSR/IPR, and Swiss Consent Management), Assess (Data Enrichment, Income Verification, Risk Insights), and Activate (Account Switch, Portfolio Switch, Account Verification, Pay-by-bank). It also offers Qwist Link as a sub-48-hour alternative integration mode and an embedded Financing Platform for marketplaces.
Underlying technology is an API-first platform with a self-serve developer hub (docs.qwist.com), multi-language console (console.qwist.cloud), and a connection network spanning 3,600+ financial institutions across more than 30 European countries. Scale metrics include 1 million daily transactions retrieved and 2.1 million+ cumulative account switches processed. ndgit monetizes via subscription/recurring API access supplemented by transaction-based fees on switching and pay-by-bank services, with pricing handled through a "Contact Sales" enterprise motion rather than transparent public pricing. The company has raised approximately $5.7M across disclosed rounds from Impact51, DvH Ventures, Crossventures, Capnamic, PROfounders Capital, HV Capital, and Tenity, and is led by co-founders Oliver Dlugosch (CEO) and Florian Pahl (CTO).
ndgit firmographics
Firmographics- Name
- ndgit
- Legal name
- Qwist GmbH
- Website
- https://ndgit.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ndgit (Qwist GmbH) is a Munich-based Open Finance API platform that connects European banks, lenders, payment providers, e-commerce platforms, and insurers via Connect, Assess, and Activate product suites, covering 3,600+ financial institutions across 30+ countries.
- Ownership category
- akta.pro rank
ndgit industry classification
Industry- Product category
- Open Banking/Finance API Platform
- 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
- Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC)
Keywords
Where ndgit is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Markets served
ndgit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- API Platform Services: Qwist generates revenue through its API platform providing Open Banking/Finance infrastructure services. The platform serves financial institutions, payments companies, and lending platforms across Europe with subscription-based or usage-based API access.
- Transaction-based Services: Account switching, portfolio switching, and pay-by-bank services likely generate transaction-based fees based on volume of financial actions facilitated.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
ndgit product offering
Product offeringCore offering
ndgit is the Open Finance compliance and connectivity API product line of Qwist GmbH, providing PSD2-compliant API integration, PSD3/PSR/IPR regulatory compliance tools, and consent management security for the Swiss market. It enables banks, financial institutions, and fintech providers to access customer financial data and initiate payments across European markets through a unified API infrastructure.
Product overview
Qwist operates as an Open Finance platform consisting of three integrated product suites: Connect (data access layer), Assess (intelligence layer), and Activate (action layer). The ndgit product line specifically provides API-based compliance and data connectivity products including Open Finance Compliance (PSD3/PSR/IPR), PSD2 API, Consent Management Security (CH), and Financial Data. Additional products include nrich offerings (Data Enrichment, Income Verification, Risk Insights, Account Verification, Payment Initiation) and dgtal products (Account Switch, Portfolio Switch). Qwist Link offers an alternative integration path achieving connectivity in under 48 hours. The platform covers over 3,600 financial institutions across 30+ countries in Europe with approximately 100 active customers processing 1 million transactions daily.
Differentiator
Problem solved
Functional benefit
Brands
- Qwist Connect: Safe and compliant access to customer financial data - the foundation pillar providing access to Qwist core infrastructure and bank/payments data across Europe
- Qwist Assess
- Qwist Activate
- ndgit
Products and services
- Open Finance Compliance (PS-STAR)
Quantifiable outcome
- 1 million transactions retrieved daily across 3,600+ financial institutions
- +4 more outcomes
Companies that use ndgit
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles3 records
ndgit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
ndgit partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
ndgit competitors and assessment
Company assessmentDirect peers
- Tink (Visa): Tink is a European open-banking platform acquired by Visa, offering PSD2-compliant account data, payment initiation, and data enrichment. It is the most direct pan-European competitor to Qwist with similar PSD2/PSD3 positioning and bank aggregation coverage.
- Token.io: Token.io provides open-banking payment initiation and account-to-account payment infrastructure, particularly strong in pay-by-bank. It directly overlaps with Qwist's Activate (Pay by Bank) capability and competes for European PSP and merchant clients.
- Salt Edge: Salt Edge provides open-banking API solutions for account aggregation, PSD2 compliance, and data enrichment across Europe and beyond. It is comparable to Qwist's Connect and Assess pillars, serving banks, lenders, and fintechs.
- Plaid: Plaid is the global category leader in financial data connectivity and open-banking APIs, offering account verification, balance and transaction data, and payment initiation. It is the most direct competitor to Qwist's Connect and Activate pillars, though primarily US-anchored with growing European presence.
- TrueLayer: TrueLayer provides open-banking APIs for account information and payment initiation across the UK and Europe. It overlaps with Qwist's Connect and Activate pillars, particularly in pay-by-bank and variable recurring payments.
- Yapily: Yapily offers open-banking connectivity APIs for data aggregation, verification, and payments across Europe. It competes directly with Qwist on pan-European bank connectivity and PSD2-driven payment initiation services.
Broad incumbents
- MX Technologies: MX provides data connectivity, financial insights, and account aggregation APIs primarily to US financial institutions and fintechs. It is comparable as a broad open-banking/data-aggregation incumbent with a similar multi-product platform thesis.
- Finicity (Mastercard): Finicity, acquired by Mastercard, offers open-banking data connectivity and financial data aggregation. As part of Mastercard, it represents a broad incumbent with overlapping capabilities to Qwist's data access and verification products, with deeper US footprint.
Emerging players
- Bud Financial: Bud Financial is an open-banking data and insights platform with strong categorization, transaction enrichment, and analytics. It overlaps with Qwist's Assess pillar, particularly data enrichment and affordability/risk insights.
Regional players
- Belvo: Belvo is a Latin American open-banking API platform offering account aggregation, payment initiation, and financial data enrichment. Same business model and three-layer architecture as Qwist but serving a different geography; relevant comparable for unit economics and growth trajectory.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ndgit social profiles
Digital presencendgit financial estimates
Financial estimateRevenue estimate
Valuation estimate
ndgit leadership team
Management profileNumber of profiles
Profiles2 records
ndgit funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ndgit 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 ndgit
What does ndgit do?
ndgit is the Open Finance compliance and connectivity API product line of Qwist GmbH, providing PSD2-compliant API integration, PSD3/PSR/IPR regulatory compliance tools, and consent management security for the Swiss market. It enables banks, financial institutions, and fintech providers to access customer financial data and initiate payments across European markets through a unified API infrastructure.
Is ndgit a public or private company?
ndgit is a private company. It is classified as venture growth investor backed and is currently operating.
When was ndgit founded?
ndgit was founded in 2015. It employs 11 to 50 people.
Where is ndgit based?
ndgit is headquartered in Munich, Germany, in the Europe region.
How does ndgit make money?
Two revenue lines are on record. API Platform Services are the primary driver. The others are transaction-based Services.
Who are ndgit's main competitors?
Direct peers on record are Tink (Visa), Token.io, Salt Edge, Plaid, TrueLayer and Yapily. Broad incumbents are MX Technologies and Finicity (Mastercard). Bud Financial is listed as an emerging player. Belvo is listed as a regional player.
Does ndgit have an API?
Yes. Qwist provides a public API platform for Open Finance connectivity. The API enables access to financial data, account information, payment initiation, and account verification services. Developer documentation is available at docs.qwist.com with a developer console at console.qwist.cloud. Specific API products include Financial Data (access to real-time financial transaction data), PSD2 API (EU regulatory compliance), and Open Finance Compliance (PSD3, PSR, and IPR regulations). Developer documentation is at docs.qwist.com.
What industry is ndgit in?
ndgit's product category is Open Banking/Finance API Platform. Its primary akta.pro industry code is FSAMAFAA, Open Banking APIs & Connectivity, with a secondary code of BPAMAFAJ, Open Banking, Account Aggregation & Payment Initiation APIs. Its NAICS code is 522320 and its SIC code is 6199.