Muleum
Muleum is a Norwegian specialist software vendor and consulting firm delivering a native Microsoft Dynamics 365 Finance banking extension alongside Dynamics 365 implementation services for finance teams and CFOs across the Nordic region.
- Company typePrivate
- Founded2017
- HeadquartersOslo, Norway
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Muleum does
Muleum AS is a Norwegian specialist consulting firm and Independent Software Vendor (ISV), founded in 2017 and headquartered in Oslo, focused exclusively on Microsoft Dynamics 365 Finance. The company operates with a small senior team of four named partners — Helge Stokke, Anders Vigmostad, Preben Amilcare Mortensen, and Erik Andreas Halvorsen — each with over 15 years of hands-on Dynamics 365 experience, totaling more than 50 combined years on the platform. Muleum has developed Banking by Muleum, a proprietary ISV extension built natively inside Dynamics 365 Finance that automates the full payment lifecycle — payment proposals, signing, bank transmission via direct APIs, automatic statement import, and reconciliation — across 86 Nordic banks in Norway, Sweden, Denmark, Finland, and select international markets.
The company's revenue model combines tiered monthly SaaS subscriptions for Banking by Muleum (Starter at 3,900 NOK/month, Small at 5,900 NOK/month, Medium at 8,900 NOK/month, plus custom Enterprise pricing) with one-time onboarding fees ranging from 39,000 to 89,000 NOK, and adds per-transaction, per-entity, and per-bank-connection add-ons. Alongside the product, Muleum delivers Microsoft Dynamics 365 consulting services covering advisory, implementation, optimization, integrations, and ongoing support, priced project-by-project. Go-to-market is sales-led, with primary calls-to-action of 'Book demo' and 'Ta kontakt' (contact us), targeting CFOs, controllers, and finance teams at Nordic enterprises via consultative selling. Named customers span production/manufacturing (GC Rieber Vivomega, Lerøy, Franzefoss), retail (Bama, Sparkjøp), real estate (Newsec), non-profit (Røde Kors), and government/healthcare (Helseetaten), with the company reporting '30+ projects and customers' and most clients staying engaged across multiple years and project phases.
The firm is a private Norwegian Aksjeselskap (Muleum AS), founder-owned by the four partners, with no external institutional investment, parent company, or disclosed funding rounds. Muleum operates as a Microsoft Dynamics 365 specialist partner and certified ISV, marketing primarily through its website and LinkedIn presence, supported by direct outreach and customer referrals. Geographic scope is Nordic-focused (Norway primary, Sweden/Denmark/Finland secondary), with the Banking by Muleum product extending operational reach via bank API integrations across five countries.
Muleum firmographics
Firmographics- Name
- Muleum
- Legal name
- Muleum AS
- Website
- https://muleum.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Muleum is a Norwegian specialist software vendor and consulting firm delivering a native Microsoft Dynamics 365 Finance banking extension alongside Dynamics 365 implementation services for finance teams and CFOs across the Nordic region.
- Ownership category
- akta.pro rank
Muleum industry classification
Industry- Product category
- ERP Banking Integration Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Custom Computer Programming Services (541511)
- SIC
- Miscellaneous Business Credit Institution (6159), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Cash Forecasting, Reconciliation & Liquidity Tools (FSAMAOAH)
Keywords
Where Muleum is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Muleum business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Banking by Muleum — Monthly Subscription (SaaS): Recurring monthly subscription for access to the Banking by Muleum ISV platform. Tiered plans (Starter, Small, Medium, Enterprise) with monthly fees ranging from 3,900 NOK to custom enterprise pricing. Includes a monthly allocation of outgoing payments, incoming payments, and bank statement imports per tier. Additional transactions billed in packages of 100 at 350 NOK. Extra legal entities, bank connections, and bank accounts charged as add-ons.
- Banking by Muleum — One-Time Onboarding Fee: One-time onboarding/setup fee charged at contract signing. Basis fee varies by tier: Starter 39,000 NOK, Small 59,000 NOK, Medium 89,000 NOK. Covers platform setup, configuration, and initial training sessions (1 for Starter/Small, 2 for Medium). Additional training charged at 1,750 NOK/hour.
- Microsoft Dynamics 365 — Consulting Services: Advisory, implementation, optimization, integration, and ongoing support services for Microsoft Dynamics 365 Finance & Operations. Delivered by senior consultants with 15+ years of hands-on Dynamics 365 experience. Engagement models range from scoped optimization projects to long-term partnerships. Pricing is project-based and quote-driven.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Starter — 3,900 NOK/month for small businesses. Up to 250 outgoing payments, 250 incoming payments, 500 bank statement imports, 1 support user. |
| Subscription | Monthly | Small — 5,900 NOK/month for growing businesses. Up to 750 outgoing payments, 750 incoming payments, 1,500 bank statement imports. |
| Subscription | Monthly | Medium — 8,900 NOK/month for established businesses. Up to 2,000 outgoing payments, 2,000 incoming payments, 4,000 bank statement imports, 2 support users. |
| Subscription | Multi-year contract | Enterprise — Custom pricing for large enterprises. Onboarding fee negotiated individually. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Muleum product offering
Product offeringCore offering
Muleum develops and sells Banking by Muleum, a native ISV extension for Microsoft Dynamics 365 Finance that automates the entire payment and bank reconciliation lifecycle — from automatic payment proposal creation, in-system approval/signing, and direct transmission to Nordic banks via certified APIs, to automatic statement import and real-time matching against open items across multiple legal entities, currencies, and banks. In parallel, the firm delivers Microsoft Dynamics 365 consulting services (advisory, implementation, optimization, integrations, and ongoing support) for Nordic enterprises and mid-market organizations.
Product overview
Muleum offers a single unified product called Banking by Muleum — an ISV solution embedded directly inside Microsoft Dynamics 365 Finance that automates the entire payment and bank reconciliation workflow. The solution connects D365 Finance via direct API integrations to over 86 Nordic and international banks (including DNB, Nordea, Danske Bank, SpareBank 1, SEB, Handelsbanken, and Swedbank), eliminating manual processes such as file exports, separate bank logins, and manual reconciliation. It is a fully native D365 application requiring no middleware. Alongside this core product, Muleum provides Microsoft Dynamics 365 consulting services for advisory, implementation, optimization, integrations, and ongoing support — helping businesses implement and maintain their Dynamics 365 solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Banking by Muleum: An end-to-end ISV solution for Dynamics 365 Finance that provides automated payment processing, direct bank communication, and automatic bank reconciliation across Nordic banks.
Products and services
- Banking by Muleum Banking by Muleum is a native ISV extension for Microsoft Dynamics 365 Finance that automates the entire payment lifecycle — automatic payment proposal, in-system signing, direct transmission to Nordic banks via certified APIs, automatic statement import, and matching against open items for reconciliation — across multiple legal entities, currencies, and 86 Nordic and international banks. It is targeted at CFO offices, controllers, accountants, and finance teams running D365 Finance who need to eliminate manual bank file exports, separate internet banking logins, and time-consuming reconciliation. RGB-signering (Regnskapsgodkjente betalinger) is supported natively.
- Microsoft Dynamics 365 Consulting Services Senior advisory, implementation, optimization, integration, and ongoing support services for Microsoft Dynamics 365 Finance & Operations, delivered by consultants with 15+ years of hands-on platform experience. Engagement models range from scoped optimization projects to long-term partnerships. Targeted at Nordic enterprises and mid-market organizations that are implementing, upgrading, or seeking to extract more value from their existing Microsoft Dynamics 365 investment.
Quantifiable outcome
- Bank reconciliation time reduced from days to minutes
- +3 more outcomes
Companies that use Muleum
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles3 records
Muleum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability2 records
Feature5 records
Muleum partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core platform partner and core.
- Microsoft (Dynamics 365 Finance & Operations)core platform partnerMuleum is a Norwegian ISV and specialist partner for Microsoft Dynamics 365 Finance. Banking by Muleum is a certified ISV extension built within the Microsoft ISV framework. Muleum also delivers consulting services (implementation, optimization, integrations, and support) for the broader Microsoft Dynamics 365 platform. The relationship is fundamental to Muleum's business — both as the platform it builds on (Banking by Muleum) and the primary consulting subject (Dynamics 365 services).
- DNBcoreDNB is one of the supported banks in the Banking by Muleum ecosystem. Muleum connects Dynamics 365 Finance directly to DNB via bank API integration, enabling automated payment processing and reconciliation without separate internet banking login. DNB is listed prominently as one of the primary supported banks alongside Nordea, Danske Bank, and others.
- NordeacoreNordea is a supported bank in the Banking by Muleum integration ecosystem. Muleum connects Dynamics 365 Finance directly to Nordea's bank APIs for automated payment and reconciliation workflows. Listed as one of the primary Nordic bank logos on the bank integration page.
- Danske BankcoreDanske Bank is a supported bank in the Banking by Muleum ecosystem. Direct API integration between Dynamics 365 Finance and Danske Bank enables automated payment submission and bank statement import for reconciliation, without separate banking portal access.
- SpareBank 1coreSpareBank 1 is a supported bank in the Banking by Muleum ecosystem. Muleum connects Dynamics 365 Finance directly to SpareBank 1 via bank API for automated payment and reconciliation processes.
- SEB (Skandinaviska Enskilda Banken)coreSEB is a supported bank in the Banking by Muleum ecosystem. Direct API integration between Dynamics 365 Finance and SEB enables automated payment processing and bank reconciliation for Muleum's D365 customers.
- HandelsbankencoreHandelsbanken is a supported bank in the Banking by Muleum ecosystem. Muleum connects Dynamics 365 Finance directly to Handelsbanken via bank API for automated payment submission and reconciliation.
- SwedbankcoreSwedbank is a supported bank in the Banking by Muleum ecosystem. Muleum provides direct API integration between Dynamics 365 Finance and Swedbank for automated payment and reconciliation workflows.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Muleum competitors and assessment
Company assessmentBroad incumbents
- Kyriba: Cloud treasury management platform providing cash visibility, bank connectivity, reconciliation and forecasting to enterprise CFOs. Comparable because it competes in the same cash management and bank reconciliation category that Banking by Muleum occupies, but at enterprise/global scale.
- Columbus A/S: Large Nordic Dynamics 365/ERP partner with a broad consulting-and-ISV portfolio across Microsoft, Infor and LS Retail. Comparable as a Nordic D365 incumbent that could acquire or compete head-on with Muleum on banking integration.
- Avanade: Microsoft/Accenture joint venture and the largest pure-play D365 implementation partner globally. Comparable as the global broad incumbent whose Microsoft partnership and scale dwarf Muleum's consulting offering.
- Bottomline Technologies: Corporate banking and payments software provider offering bank connectivity, payment automation and reconciliation for ERP systems. Comparable as a broad incumbent in the corporate bank integration and payment reconciliation category that Muleum serves.
- Tietoevry: Major Nordic IT and digital services firm with a sizeable Microsoft Dynamics practice and own banking software assets. Comparable because it is the dominant Nordic enterprise SI with overlapping ERP finance and banking integration capabilities.
Emerging players
- Trovata: Open-banking cash management and treasury analytics platform that aggregates bank data via APIs. Comparable as a newer player in the same bank API / cash visibility category that Banking by Muleum targets, often pursued by mid-market CFOs.
Direct peers
- Fastpath: Dynamics 365 ISV focused on audit, security and compliance extensions for ERP. Comparable as a small specialist ISV building certified D365 extensions and competing for the same 'D365 app' budget line.
- To-Increase: Dynamics 365 Finance & Operations ISV publishing certified extensions on AppSource. Operates in a near-identical model to Muleum – building native IP on top of D365 and selling it via a partner/marketplace channel – making it the closest comp in the D365 ISV space.
- SignUp Software: Danish-headquartered Dynamics 365 ISV building extensions (HR, recruitment) on the Microsoft platform. Directly comparable because it is a Nordic specialist ISV with a similar extension-first product motion.
- Insight Works: Dynamics 365 Business Central ISV publishing a broad portfolio of certified extensions (manufacturing, warehouse, productivity). Highly comparable go-to-market: small specialist ISV building modular D365 extensions sold through subscription licences.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Muleum social profiles
Digital presenceMuleum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Muleum leadership team
Management profileNumber of profiles
Profiles4 records
Muleum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Muleum 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 Muleum
What does Muleum do?
Muleum develops and sells Banking by Muleum, a native ISV extension for Microsoft Dynamics 365 Finance that automates the entire payment and bank reconciliation lifecycle — from automatic payment proposal creation, in-system approval/signing, and direct transmission to Nordic banks via certified APIs, to automatic statement import and real-time matching against open items across multiple legal entities, currencies, and banks. In parallel, the firm delivers Microsoft Dynamics 365 consulting services (advisory, implementation, optimization, integrations, and ongoing support) for Nordic enterprises and mid-market organizations.
Is Muleum a public or private company?
Muleum is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Muleum founded?
Muleum was founded in 2017. It employs 1 to 10 people.
Where is Muleum based?
Muleum is headquartered in Oslo, Norway, in the Europe region.
How does Muleum make money?
Three revenue lines are on record. Banking by Muleum — Monthly Subscription (SaaS) is the primary driver. The others are banking by Muleum — One-Time Onboarding Fee and microsoft Dynamics 365 — Consulting Services.
Who are Muleum's main competitors?
Broad incumbents on record are Kyriba, Columbus A/S, Avanade, Bottomline Technologies and Tietoevry. Trovata is listed as an emerging player. Direct peers are Fastpath, To-Increase, SignUp Software and Insight Works.
Does Muleum have an API?
Yes. Microsoft Dynamics 365 Finance has an open API that supports integration for all modern types of integration methods — either via standard connectors or custom integrations.
What industry is Muleum in?
Muleum's product category is ERP Banking Integration Software. Its primary akta.pro industry code is FSAMAOAH, Cash Forecasting, Reconciliation & Liquidity Tools. Its NAICS code is 522320 and its SIC code is 6159.