GoCardless, a London, UK-based global leader in direct bank payments, is to acquire Nordigen, a Riga, Latvia-based freemium open banking data provider.
The amount of the deal – expected to close later in the summer – was not disclosed.
With the deal, GoCardless will incorporate Nordigen to provide free open banking connectivity at scale, opening up self-serve access to account information services (AIS) to everyone. In addition, its suite of premium data products help improve outcomes across a range of use cases from credit assessments to customer engagement.
Led by Rolands Mesters, CEO, Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Its free API connects to more than 2,300 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. It is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.
Over the past 18 months, GoCardless has launched its open banking-enabled Instant Bank Pay feature across multiple markets, as well as Verified Mandates, which combines AIS with direct debit to prevent fraud.
Hiroki Takeuchi, Co-founder and CEO, GoCardless is a global leader in direct bank payment solutions, making it easy to collect both recurring and one-off payments directly from customers’ bank accounts through direct debit and open banking. The global payments network and technology platform take the pain out of getting paid for 70,000 businesses worldwide, from multinational corporations to small businesses. GoCardless is headquartered in the UK, with additional offices in Australia, France, Germany and the United States.
FinSMEs
01/07/2022