Loading organizations...
Nordigen provides a free open banking API, offering access to financial data from European banks. The platform aggregates and enriches raw account information, transforming it into structured, actionable insights. This capability allows businesses to analyze transaction history and account balances, enabling comprehensive understanding of financial behaviors.
Established in 2015 by co-founders Rolands Mesters and Roberts Bernans, Nordigen was founded on the insight that standardized, accessible financial data was crucial for modernizing financial services. They aimed to democratize data access, enabling more precise risk assessment and fostering innovation across the sector.
Financial institutions, including banks and lenders, utilize Nordigen's product to improve the accuracy and speed of credit decisions. The company's vision is to foster a more inclusive and efficient financial landscape by supplying high-quality, usable financial data, streamlining processes and delivering superior customer experiences.
Nordigen has raised $6.4M across 3 funding rounds.
Nordigen has raised $6.4M in total across 3 funding rounds.
Nordigen has raised $6.4M across 3 funding rounds. Most recently, it raised $2.6M Other Equity in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 2, 2021 | $2.6M Venture Round | — | Artis Kehris, Gerri Kodres, Henry Nilert, Riivo Anton, Aleksander Dobrzyniecki, Calchas Holding, Highgoal Capital, ID4 Ventures, Inventure, Superangel | Announced |
| Jun 1, 2021 | $3M Seed | — | Acrobator Ventures, Icebreaker.vc, NanoDimension, Paladin Capital Group, Specialist VC, Venrock, ALI Omar | Announced |
| Sep 1, 2018 | $800K Seed | Seedcamp, Inventure | Acequia Capital, AIR Street Capital, AngelList Syndicator, Backed VC, Entrepreneur First, Foobar.vc, Sequoia Capital, Andy Chung, Charlie Songhurst, John Collison, Nicolas Berggruen, Patrick Collison, Richard Fearn, Vincent Jacobs, Zehan Wang | Announced |
Nordigen is a Latvian fintech company founded in 2016 that built a freemium open banking platform providing free access to account information services (AIS) via APIs connected to over 2,300 banks across Europe and the UK, serving fintechs, developers, and lenders in 31 countries.[1][2][3] It solves the problem of expensive or unreliable bank data access by offering compliant, PSD2-regulated data aggregation and premium analytics for credit scoring, income verification, spending analysis, and risk assessment, enabling faster lending decisions and personalized financial tools without screen-scraping.[1][4][5][7] Nordigen experienced rapid growth, quadrupling API users in months and reaching 1,000+ integrations, but was acquired by GoCardless in early 2023 and relaunched as GoCardless Bank Account Data to enhance payment and open banking services.[2][3][6]
Nordigen was founded in 2016 in Latvia by CEO and co-founder Rolands Mesters, alongside experts like Dmitry Dolgorukov in related partnerships, initially as a credit scoring company using algorithms to analyze raw bank data for accurate credit reports, income verification, and risk factors like spending behavior.[1][4][7] The idea emerged from the limitations of traditional credit bureaus, which the founders saw as unscalable, prompting a shift toward open banking to provide lenders with better data alternatives amid Europe's PSD2 regulations.[7][8] Early traction came via a €150,000 investment from Change Ventures, followed by €700,000 from Seedcamp and Inventure in 2018 for global expansion, and support from Black Pearls VC for its free API hub; pivotal moments included pivoting to a full freemium open banking model in 2020 and partnerships like with Tink, driving threefold customer growth and 1,000 bank integrations by 2021.[1][7]
Nordigen rode the open banking wave triggered by Europe's PSD2 directive, which mandated free bank API access, timing perfectly to disrupt overvalued incumbents reliant on outdated methods and challenge market inequalities in data commoditization.[1][8] Favorable forces include rising demand for real-time financial data in lending, payments, and PFM amid digital transformation, enabling inclusive services for underserved users like teens or SMEs.[4][6] It influenced the ecosystem by lowering barriers for fintech innovation—e.g., powering Teenit's analytics or HES FinTech's lending—accelerating adoption and paving the way for consolidated players like GoCardless to offer banking-as-a-service, blending data with payments.[2][3][6]
Post-acquisition by GoCardless in 2023, Nordigen's tech now supercharges open banking payments like Instant Bank Pay and Verified Mandates across more markets, with trends like AI-driven insights and global PSD2 equivalents shaping expansion into full banking-as-a-service.[2][6] Expect deeper integration of its data analytics into payment optimization, potentially influencing merchant strategies and new fintech products amid open banking's growth. As a pioneer in free, scalable data access, its legacy endures in making fintech more accessible, evolving from challenger to embedded infrastructure in a payments-dominated future.[1][2]
Nordigen has raised $6.4M in total across 3 funding rounds.
Nordigen's investors include Artis Kehris, Gerri Kodres, Henry Nilert, Riivo Anton, Aleksander Dobrzyniecki, Calchas Holding, Highgoal Capital, ID4 Ventures, Inventure, Superangel, Acrobator Ventures, Icebreaker.vc.
