Open Payments funding news – Open Banking Platform Open Payments Secures €3Million in Funding

The money will help the company grow, develop its products, and expand further across Europe. It combines Open Banking API connections with payment integrations, helping businesses manage both local and international payments, account reconciliation, and cash management in one system. These features are built into businesses' ERP systems and other financial software.

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In 2024, it covered the entire Dutch B2B banking market, setting the stage for wider expansion in Europe. Recent updates include new cross-border payment features with better exchange rates, real-time rate access for easier bookkeeping, and same-day settlements directly in financial systems.

Louise Brandt, CEO and founder of Open Payments said, “We developed Open Payments to simplify banking integrations by aggregating multiple bank APIs into one single API, This approach enables businesses to innovate and improve their financial operations in ways that weren’t possible before.” The company's clients include ERP systems, treasury systems, and accounting providers including Monitor ERP, Treasury Systems, Juni Technologies, Bjorn Lunden, and Speedledger. ".

Måns Alfvén, Partner at Alfvén & Didrikson said, “We believe open banking has great potential in the B2B context and we see Open Payments as the market leader in the Nordics, particularly in the ERP segment. We are very impressed by Open Payments’ team and we’re thrilled to support their journey and help them scale to new heights.”

About Open Payments

Open Payments makes B2B payments easy and secure. Their open banking solution connects all types of financial systems (like ERPs, accounting, payroll, and cash management) with various banks and financial institutions, giving businesses easy access to important financial information and services.