Swedish B2B open banking platform, Open Payments, has raised €3 million in its latest funding round led by Alfvén & Didrikson, with additional backing from Industrifonden and other existing investors. This brings the total funding raised by the company to €11.5 million, further cementing Alfvén & Didrikson and Industrifonden as the company’s largest shareholders. Other notable investors include Sony Financial Ventures, Global Brain, Luminar Ventures, and Brightly Ventures.
Founded by Louise Brandt, a fintech veteran with prior leadership experience at iZettle—acquired by PayPal in 2018—Open Payments focuses on simplifying complex banking integrations. “We developed Open Payments to simplify banking integrations by aggregating multiple bank APIs into one single API,” Brandt explains. The company uniquely combines open banking API connections with ISO-based payment integrations, creating a unified platform for domestic and cross-border payments, account reconciliation, and cash management. This comprehensive approach enables businesses to streamline financial operations and innovate in ways previously not possible.
The platform’s latest product developments include cross-border payment capabilities, which offer customers lower exchange rates, real-time access to rates for seamless bookkeeping, and same-day settlements directly embedded into enterprise resource planning (ERP) systems. This functionality serves an array of customers, including Monitor ERP, Treasury Systems, Juni Technologies, Bjorn Lunden, and Speedledger.
Accelerating Growth and Innovation
Brandt emphasizes how the platform sets itself apart: “Our ability to combine Open Banking and ISO integrations in one API is what sets us apart. We empower our customers to cut through complexity, save time, and focus on what matters most.” With the additional funding, Open Payments plans to scale its operations, introduce new features, and continue driving innovation within the B2B payment ecosystem.