What Teller does

Teller (operating through Nets A/S) is a Nordic payment acceptance provider headquartered in Ballerup, Denmark. The company delivers in-store card payment terminals, an online e-commerce payment gateway (ecom.nets.eu), and financial and network services that connect merchants, financial institutions, and payment systems across Denmark, Norway, Sweden, Finland, Estonia, Latvia, Lithuania, and Switzerland. It operates as the Nordic regional entity within Nexi Group — the European PayTech formed from the merger of Nexi, Nets, and SIA — and runs a fintech partner program that gives partner companies access to its payment infrastructure, solutions, and expertise.

The underlying technology comprises payment-terminal hardware for physical retail, an online gateway for digital merchants, and a Nordic payment network services layer with redundant card processing systems designed for service continuity. The company distributes through country-specific localized websites, a developer portal (developer.nets.eu) for technical integrations, a fintech partner program, and earned media/news channels. Revenue is earned primarily via per-transaction fees on card payments processed for merchants (both in-store and online) and through hardware sales of payment terminals; specific pricing is not publicly disclosed. GTM is sales-led for merchants and financial institutions, supplemented by online self-serve onboarding for e-commerce merchants.

The customer base spans three horizontal segments: merchants (primary, covering in-store and online acceptance), financial institutions (network services), and fintech partners (ecosystem access). The company is a wholly-owned subsidiary of Nexi Group (publicly listed on the Milan Stock Exchange), operates as a Danish public limited company (CVR-nr. 20016175), and has historically held a minority stake in e-Boks (digital mailbox), which was divested to Danish private equity firm CataCap alongside co-owner PostNord. Recent organizational developments include a Nexi-led restructuring that combined merchant-serving business areas and empowered regional management, with an accompanying leadership transition for the Issuing Solutions Nordics role.

Name

Teller

Legal name

Nets A/S

Website

https://teller.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Teller (operating as Nets A/S) is a Nordic payment acceptance provider offering in-store terminals, online payment processing, and network services to merchants, financial institutions, and fintech partners across 8 countries, as the Nordic regional entity of Nexi Group.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Acquiring & Processing Platforms (BPAMAFAB)

akta.pro secondary industries

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)

Keywords

• Payment processing
• Card acceptance
• Merchant services
• Payment terminals
• E-commerce payments

Headquarters

HQ city

Ballerup

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Merchant Services - Payment Processing: Transaction-based payment processing fees for in-store and online card payments. Nets processes card payments for merchants across the Nordic region, earning fees per transaction.
2. Payment Terminal Services: Hardware and terminal services for in-store payments, including terminal provision and maintenance for merchants.
3. Financial and Network Services: Network services connecting financial institutions and merchants in payment processing infrastructure.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Teller provides international card acceptance and Nordic-region payment processing solutions for merchants and financial institutions. The offering covers in-store payment terminals, an online e-commerce payment gateway, and backend financial and network services that connect merchants, banks, and payment systems across Denmark, Norway, Sweden, Finland, the Baltics, and Switzerland.

Product overview

Nets A/S operates as part of Nexi Group (The European PayTech), providing a unified payment solutions portfolio across the Nordic region. The offering consists of two primary service categories: Merchant Services (encompassing In-store Payments via physical terminals and Online Payments/e-Commerce solutions) and Financial and Network Services (backend infrastructure for payment processing). The company also offers e-Boks, a digital mailbox service. Together, these products form an integrated payment ecosystem serving merchants, financial institutions, and consumers throughout Denmark, Norway, Sweden, Finland, and the Baltic states.

Differentiator

Problem solved

Functional benefit

Products and services

• In-store Payments Payment solutions for physical retail locations, enabling card transactions at point-of-sale terminals for merchants across the Nordic region.
• Online Payments (e-Commerce) Digital payment processing for online merchants, facilitating secure card and alternative payment method transactions.
• Payment Terminals Physical point-of-sale terminal hardware for in-store card payment acceptance.
• Merchant Services Comprehensive payment services for merchants including card processing, terminal management, and acquiring services in the Nordic region.
• Financial and Network Services Backend financial infrastructure and network connectivity services supporting payment processing and transaction routing.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Nexi GroupcoreOthersNets A/S is part of Nexi Group, the European PayTech. The consolidation of Nexi, Nets, and SIA created one of Europe's largest payment technology companies. Nets operates as the Nordic regional entity within the larger Nexi Group structure.
• PostNordminorStrategic or Co-development PartnerNets and PostNord co-owned e-Boks before it was acquired by Danish private equity firm CataCap. The e-Boks acquisition was announced as a transaction where both owners (Nets and PostNord) sold their stakes to CataCap.
• Fintech Partners (ecosystem)coreTechnology or IntegrationNets operates a fintech partner program where fintech companies benefit from Nets' best-in-class expertise, payment solutions, and ecosystem to improve their business. Partners gain access to payment infrastructure, solutions, and expertise to develop their products and services.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Nexi Group: Nexi Group is Teller/Nets' parent company and the broader European PayTech formed by the Nexi-Nets-SIA merger. Comparable as the parent operating context within which Teller competes and which sets Teller's strategic direction; also competes with Teller in adjacent European markets.

Direct peers

• Worldline: Worldline is one of Europe's largest payment processors, offering merchant acquiring, POS terminals, and financial processing services across multiple European countries. Directly comparable to Teller/Nets in serving European merchants and financial institutions with end-to-end acquiring and processing infrastructure.
• Adyen: Adyen is a global payment processor providing unified online, mobile, and in-store payment acceptance. Directly comparable to Teller/Nets' e-commerce gateway and merchant acquiring stack, and an active competitor as Adyen expands its Nordic footprint.
• Stripe: Stripe provides online payment processing, gateway, and developer-first merchant services globally, with growing in-store and European acquiring capabilities. Comparable to Teller's e-commerce gateway (ecom.nets.eu) and a primary competitive threat among digital-first Nordic merchants.
• Verifone: Verifone is a global provider of in-store payment terminals and integrated commerce solutions. Comparable to Teller/Nets' physical POS terminal business and an alternative for Nordic merchants sourcing payment hardware and software bundles.
• Ingenico (Worldline Retail Terminals): Ingenico, now part of Worldline, is a major provider of payment terminals and merchant services globally with strong European presence. Directly comparable to Teller/Nets in the POS terminal and merchant acquiring segments across Europe.

Emerging players

• Klarna: Klarna is a leading Nordic-origin fintech providing alternative payment methods, BNPL, and merchant payment solutions. Comparable as a Nordic-headquartered payments competitor to merchants, and a potential fintech partner or competitor to Teller's e-commerce gateway.
• Vipps MobilePay: Vipps (merged with MobilePay) is a leading Nordic real-time mobile payment scheme used widely by consumers in Norway, Denmark, and Finland. Comparable to Teller/Nets in serving Nordic merchants with payment acceptance, though focused on account-to-account rather than card acquiring.
• Checkout.com: Checkout.com is a global payment processor with strong European presence providing merchant acquiring, gateway, and processing services. Comparable to Teller/Nets' e-commerce and merchant services business, and a competitor targeting Nordic and pan-European merchants.

Regional players

• Swish: Swish is the dominant real-time mobile payment network in Sweden, owned by major Swedish banks. Comparable to Teller/Nets as a Nordic payment rail competing for in-store and online volume, and a structural alternative to card-based acceptance that Teller supports.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/teller-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Teller