Open Payments Raises 3 MEUR in a Funding Round to Support Continued Growth

Our portfolio company Open Payments has raised 3 MEUR in a funding round led by Alfvén & Didrikson, with participation from Industrifonden and other existing investors. The funding will support the company’s continued growth, enable product development, and advance its mission to simplify and enhance B2B payments across Europe.
Open Payments was founded to address the complexity and inefficiency businesses face when integrating multiple banking services into their systems, a process often plagued by errors, high costs, and time-consuming efforts.
“We developed Open Payments to simplify banking integrations by aggregating multiple bank APIs into one single API,” says Louise Brandt, CEO and founder of Open Payments, and recipient of the 2024 Payment Pioneer of the Year award. “This approach enables businesses to innovate and improve their financial operations in ways that weren’t possible before.”
Industrifonden Senior Investment Director Anna Ljungdahl commented: “We are proud to continue supporting Open Payments on their growth journey. Their ability to address complexity in B2B payments through innovation is remarkable, and this funding marks another important milestone. The addition of Alfvén & Didrikson as investors further validates Open Payments’ strong position in the Open Banking ecosystem.”
Since its 2023 funding round, Open Payments has cemented its position as the leading Open Banking platform for B2B payments. It is trusted by ERP systems, treasury systems, and accounting providers, including Monitor ERP, Treasury Systems, Juni Technologies, Bjorn Lunden, and Speedledger. The platform uniquely combines Open Banking API connections with ISO-based payment integrations, enabling seamless management of domestic and cross-border payments, account reconciliation, and cash management – all in one place. By embedding these functionalities into businesses’ ERP systems, payment providers, and other financial applications, Open Payments streamlines financial operations and enhance efficiency. Built on the principles of the PSD2 directive, Open Payments’ platform ensures compliance and security at every level.
In 2024, Open Payments tripled its transaction volumes, doubled revenue, and achieved full coverage of the Dutch B2B banking landscape, laying the foundation for broader European expansion.
Recent product launches include cross-border payment capabilities offering lower exchange rates, real-time access to rates for streamlined bookkeeping, and same-day settlements embedded directly in the financial systems.
“Our ability to combine Open Banking and ISO integrations in one API is what sets us apart,” says Louise Brandt. “We empower our customers to cut through complexity, save time, and focus on what matters most. With this new funding, we’re excited to accelerate innovation and continue shaping the future of B2B payments.”