Sweden

Atlar Raises €5M Seed Funding Led by Index Ventures for Automated Bank Payments

by Fintechnews Nordics November 21, 2022

Swedish bank payments platform Atlar has closed a €5 million seed round led by Index Ventures, with the participation of European venture capital firms La Famiglia VC and Cocoa.

A number of angel investors also participated in the round, including Revolut’s CFO Mikko Salovaara, former Executive Vice President of Global Sales at Adyen Thijn Lamers, and N26’s CFO Jan Kemper.

Atlar is a bank payments platform which enables businesses to automate their payment activities such as initiating transfers, reconciling transactions, handling direct debits, and more.

Founded in 2022 by three Tink alumni, the company’s early customers include insurance company Lassie, payments company Mynt, and German fintech lender Banxware.

Nicolas Kipp

“Having been through the pain of both building our own bank integrations and setting up a back office team, we were thrilled to partner with Atlar,”

said Nicolas Kipp, Founder and COO at Banxware.

Joel Nordström

“Johannes, Joel and I founded Atlar earlier this year to build a state-of-the-art operating system for bank payments. We have since then seen an incredible response from the market and already today serve customers across several European markets,”

said Joel Nordström, CEO & Co-Founder at Atlar.