Aritma

What Aritma does

Aritma AS is a Norwegian fintech, founded in 1990 and headquartered in Laksevåg (Bergen), that builds financial-infrastructure software connecting Nordic banks to enterprise ERPs. Its platform automates the full corporate payments and bank-reconciliation lifecycle — payment initiation, multi-entity approval workflows, real-time cash visibility, and automated matching — across 250+ banks in Norway, Sweden, Denmark, and Finland through a single REST API built on the ISO 20022 standard. Core products are Payments, Reconciliation, and the API Platform, supplemented by Aritma Finance Manager, Aritma Control Cloud, the Pay Portal, and Swebase (acquired via Programekonomi in October 2025). Differentiated technical capabilities include out-of-bank pre-approved payments (Regnskapsgodtjente betalinger), cross-bank bulk signing baskets, real-time CloudEvents-based webhooks, and native support for Nordic receivable references (KID, OCR, FIK, RF) — capabilities that extend beyond standard PSD2 scope.

Aritma integrates natively with Microsoft Dynamics 365 Business Central, Visma (Business NXT, Visma.NET, Visma Global, Visma Business), Infor M3, Oracle NetSuite, and Business NXT, supporting both cloud and on-premise deployments. The company claims more than 45,000 customer companies, 200,000+ managed bank accounts, and €180B+ in annual transaction volume processed, with named enterprise customers including DnB, Euronext Securities, Toyota Norway, Esso Norway, DFDS, OBOS, Accountor, and Azets, alongside mid-market and SMB users such as Smartcraft, Fiken, Sumango, and Unimicro. In April 2025, Main Capital Partners made a strategic investment to back international expansion, and in October 2025 Aritma made its first cross-border acquisition (Programekonomi/Swebase) to enter the Swedish market.

The revenue model combines subscription SaaS for Payments and Reconciliation, API Platform licensing for embedded fintech and ERP partners, and tiered reseller revenue (Silver/Gold/Platinum) through certified channel partners across Norway, Sweden, and Denmark. Pricing is quote-based, tiered by entity count, bank connections, transaction volume, and support agreement level, billed annually. Distribution is three-layered: direct enterprise field sales targeting CFOs, accountants, and IT; a certified reseller program; and an API-first self-serve motion through the Developer Portal. Historically known as ZData, the company rebranded to Aritma in January 2024.

Name

Aritma

Legal name

Aritma AS

Website

https://aritma.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Aritma is a Norwegian fintech that builds a unified ISO 20022 banking API and ERP-integrated software to automate payments, reconciliation, and cash visibility across 250+ Nordic banks, serving more than 45,000 companies from SMBs to large enterprises.

Ownership category

akta.pro rank

Product category

Open Banking Infrastructure Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Custom Computer Programming Services (541511), Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

ERP Implementation & Systems Integration Services (BPAEAGAA)

akta.pro secondary industries

API Analytics, Monetization & Developer Experience Tooling (HDAEAIAJ), Professional Services Automation (PSA) & Services ERP (HDAEAEAF)

Keywords

• Open banking API
• Payment automation software
• Bank reconciliation
• ERP integration
• Financial infrastructure

Headquarters

HQ city

Laksevåg

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscriptions: Subscription-based pricing for Payments and Reconciliation products. Customers pay recurring fees for platform access, bank integrations, and support. Revenue model is primarily SaaS/subscription with tiered support agreement levels (Level 1, 2, 3).
2. API Platform & Developer Access: API Platform licensing and access fees for embedded fintech partners and product teams building on Aritma's banking infrastructure. Supports both reseller and embedded API partner tracks.
3. Partner Reseller Revenue: Channel partners (Silver, Gold, Platinum tiers) resell Aritma products, generating revenue through the partner program with kickback structures based on sales volume.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Aritma develops and sells financial infrastructure software and a unified REST API that connects ERP systems to 250+ Nordic banks for automated payments, reconciliation, and cash visibility. Its core products — Payments, Reconciliation, and an API Platform — are built on the ISO 20022 standard and integrate with major ERP systems including Microsoft Dynamics 365 Business Central, Visma, Infor M3, and Oracle NetSuite.

Product overview

Aritma offers a unified finance automation platform consisting of three core products: Payments for automated payment flows between ERP systems and banks, Reconciliation for automated bank reconciliation across multiple banks and entities, and an API Platform providing Nordic financial infrastructure for developers and partners. The platform supports both cloud and on-premise deployments and integrates with major ERP systems (Microsoft Dynamics 365 Business Central, Business NXT, Visma, Infor M3, Oracle NetSuite) and 250+ Nordic banks. Through the acquisition of Programekonomi, Aritma added Swebase, a Swedish localization add-on for Business Central. Additional modules include Aritma Finance Manager for unified financial workflows and Aritma Control Cloud for cloud-based reconciliation. Formerly known as ZData, the company rebranded in January 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Payments Automated payment flow solution that connects ERP systems with banks across the Nordics, handling payment initiation, approval workflows, and bank connectivity for finance teams and accountants.
• Reconciliation Automated bank reconciliation product that unifies financial data across multiple banks and entities, applies matching rules, and delivers reconciled ledger entries to ERP systems. For CFOs, accountants, and bookkeepers.
• API Platform Nordic financial infrastructure REST API connecting accounting systems and fintechs to real-time corporate bank data and payments through a single standardized ISO 20022-based API covering 250+ bank integrations.
• Swebase Swedish localization add-on for Microsoft Dynamics 365 Business Central providing bank file management, SIE integration, document control, and compliance functions for the Swedish market.

Quantifiable outcome

• €180 billion+ in annual transaction volume processed
• +5 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature7 records

Partnerships

27 partnerships are on record, tiered core.

• ProgramekonomicoreStrategic or Co-development Partner · 7 October 2025Aritma acquired Programekonomi, the company behind Swebase — one of Sweden's most widely used Microsoft Dynamics 365 Business Central add-ons. Founded in 1996 in Växjö, Programekonomi provides Sweden-specific functions including bank file management, SIE integration, and document control. This acquisition establishes Aritma's presence in Sweden and deepens Business Central integration capabilities.
• MastercardcoreStrategic or Co-development PartnerMastercard and Aritma joined forces to strengthen decision-making for Nordic businesses. The partnership focuses on ERP connectivity and simplifying financial operations across the Nordics, combining Mastercard's payment network with Aritma's banking API infrastructure.
• Microsoft (Dynamics 365 Business Central)coreTechnology or IntegrationDeep integration with Microsoft Dynamics 365 Business Central. Aritma's solutions automate payment flows and bank reconciliation within Business Central. Partnership strengthened by the acquisition of Programekonomi (Swebase add-on).
• VismacoreTechnology or IntegrationCertified integration with Visma ecosystem including Business NXT, Visma.NET, Visma Global, and Visma Business. Multiple reseller partners (Amesto Solutions, Cloud Connection, Abacus IT) operate in the Visma channel.
• Infor (M3)coreTechnology or IntegrationIntegration with Infor M3 ERP system. Columbus Global, the world's largest independent Infor partner, resells Aritma products alongside Infor M3 implementations.
• Oracle NetSuitecoreTechnology or IntegrationIntegration with Oracle NetSuite for payment automation and reconciliation. Antire is an embedded partner building NetSuite-specific AP automation on the Aritma API.
• DnBcoreTechnology or IntegrationMajor Norwegian bank integrated with Aritma's platform. One of 250+ bank integrations across the Nordics.
• NordeacoreTechnology or IntegrationMajor Nordic bank integrated with Aritma's platform. Part of the 250+ bank integration ecosystem covering Norway, Sweden, Denmark, and Finland.
• SwedbankcoreTechnology or IntegrationSwedbank and Aritma launched a new bank integration to automate payments — entirely ERP-independent and ready for ISO 20022 XML.
• SEBcoreTechnology or IntegrationMajor Swedish bank integrated with Aritma's platform. Part of the 250+ Nordic bank integration ecosystem.
• HandelsbankencoreTechnology or IntegrationMajor Nordic bank integrated with Aritma's platform. Part of the 250+ Nordic bank integration ecosystem.
• Danske BankcoreTechnology or IntegrationMajor Nordic bank integrated with Aritma's platform. Part of the 250+ Nordic bank integration ecosystem.
• Euronext SecuritiescoreTechnology or IntegrationIntegrated with Aritma's platform for securities and financial data connectivity.
• CepheocoreChannel Partner/ Reseller/ DistributorCepheo is a hybrid partner of Aritma — both an embedded partner with its own app developed for Microsoft Dynamics 365 Business Central and a certified reseller of Aritma Payments. Operates across Norway, Sweden, and Denmark. A leading Scandinavian Microsoft Dynamics 365 partner.
• Amesto SolutionscoreChannel Partner/ Reseller/ DistributorAmesto Solutions is an authorized reseller of Aritma Payments and Reconciliation products. Specializes in ERP, CRM, and Business Intelligence. Operates across Norway and Denmark. Strong commitment to ESG principles.
• Columbus GlobalcoreChannel Partner/ Reseller/ DistributorWorld's largest independent Infor partner, reselling Aritma Payments and Reconciliation alongside Infor M3 CloudSuites and ERP implementations.
• Cloud ConnectioncoreChannel Partner/ Reseller/ DistributorFull-service provider of ERP, HRM, and CRM software and consulting services. Resells Aritma Payments and Reconciliation for Visma.NET, Visma Business, and Business NXT customers.
• Abacus ITcoreChannel Partner/ Reseller/ DistributorIT solutions provider with local expertise and nationwide coverage in Norway. Resells Aritma Payments and Reconciliation for Business NXT, Visma.NET, Visma Business, and Unimicro.
• Yellow SolutioncoreChannel Partner/ Reseller/ DistributorMicrosoft Dynamics 365 Business Central specialist helping businesses digitize processes and build scalable ERP solutions. Resells Aritma Payments, Reconciliation, and API Platform.
• IT-StödcoreChannel Partner/ Reseller/ DistributorMicrosoft Dynamics 365 Business Central specialist in Sweden, streamlining operations with modern business systems and digital tools. Resells Aritma Payments, Reconciliation, and API Platform.
• InBizcoreChannel Partner/ Reseller/ DistributorMicrosoft Dynamics 365 Business Central specialist helping businesses digitize and extract more value from Business Central, Power Platform, and Copilot. Resells Aritma Payments, Reconciliation, and API Platform.
• SmartcraftcoreOEM/ Whitelabel/ Licensing PartnerSmartcraft embedded Aritma's API Platform to build payment connectivity into Cordel — their field service management product. Customer quote: 'It's a no-brainer to go with a provider that offers an all-in-one solution. You don't need to handle things bank by bank.'
• AntirecoreOEM/ Whitelabel/ Licensing PartnerAntire partnered with Aritma to revolutionize accounts payable processes in Oracle NetSuite, building AP automation directly on the Aritma API platform.
• SumangocoreOEM/ Whitelabel/ Licensing PartnerSumango built bank integration directly into Microsoft Dynamics 365 Business Central using Aritma's API Platform, enabling all Norwegian bank connectivity for their customers. Quote: 'Having Aritma, a partner well-versed in the banks and their challenges, was crucial.'
• UnimicrocoreOEM/ Whitelabel/ Licensing PartnerUnimicro built bank functions directly into their ERP system using Aritma's API Platform. CEO quote: 'We wanted a partner that could serve as the connection between our accounting system and the banks.'
• FiricoreOEM/ Whitelabel/ Licensing PartnerFiri used the Aritma API Platform to embed payment connectivity into their product, enabling their users to manage payments through Aritma's Nordic bank infrastructure.
• YouniumcoreOEM/ Whitelabel/ Licensing PartnerYounium used the Aritma API Platform to build payment connectivity into their subscription billing and financial management platform.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Tink: Tink (now owned by Visa) is a European open banking platform offering PSD2-compliant bank connectivity, account data, and payment initiation across multiple countries including the Nordics. It competes directly with Aritma on unified bank APIs for payments and reconciliation.
• Trustly: Trustly is a Nordic-originated bank-based payment network connecting merchants directly to consumer bank accounts for instant payments. Headquartered in Stockholm, it overlaps with Aritma's payment-initiation and Nordic bank-connectivity franchise.
• Token.io: Token.io is a London-based open banking payment initiation and account data network operating across Europe. It is comparable to Aritma as a PSD2-based account-to-account payment and data API provider targeting banks and merchants.
• Plaid: Plaid is the leading global open banking/data connectivity platform connecting bank accounts to applications, with expansion into payments. Comparable to Aritma as a developer-first, API-based bank connectivity layer for fintechs and software platforms.

Broad incumbents

• Worldline: Worldline is a major European payment processor offering merchant services and financial software. As a broad incumbent in the payments space, it competes indirectly with Aritma for Nordic enterprise payment and reconciliation workloads.
• Nexi (formerly Nets): Nexi is a large European payments processor with strong Nordic roots (Nets). It offers merchant acquiring, payment processing, and account-to-account services, competing more broadly than Aritma across the Nordic payments stack.

Emerging players

• Meniga: Meniga is an Icelandic/Nordic digital banking software provider specializing in transaction data enrichment, categorization, and personal finance management. It overlaps with Aritma in Nordic transaction-data and bank connectivity infrastructure.

Others

• Visma: Visma is a major Nordic ERP and business software vendor and an Aritma integration partner. It is comparable as a complementary Nordic business-software stack that Aritma plugs into, and a potential channel competitor if Visma builds native bank connectivity.
• Mastercard (Open Banking): Mastercard is an Aritma strategic partner that also operates competing open banking and account-data services (e.g., Finicity). It is comparable as a global bank-API ecosystem player, while also being a partner and potential competitor.

Regional players

• BankID (Nordic digital identity): BankID is the dominant Nordic electronic identification infrastructure operated by major Nordic banks. While not a direct competitor, it is a complementary Nordic financial infrastructure layer that Aritma integrates with for SCA authentication in PSD2 flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aritmacom
• Instagraminstagram.com/arithmacom
• Facebookfacebook.com/Aritmacom

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Aritma