The Swedish Open Banking platform, Open Payments has secured €3 million in funding, led by Alfvén & Didrikson, with participation from Industrifonden and other existing investors.
This latest round brings the company’s total funding to €11.5 million.
The funds will support the company’s expansion, product innovation, and mission to streamline B2B payments across Europe.
Established in Stockholm in 2017, Open Payments aims to tackle the challenges businesses face when integrating multiple banking services.
CEO and founder, Louise Brandt explains:

“We created Open Payments to simplify banking integrations by combining multiple bank APIs into a single API. This allows businesses to innovate and enhance their financial operations in ways that were previously impossible.”
The platform integrates Open Banking API connections with ISO-based payment solutions, facilitating domestic and cross-border transactions, account reconciliation, and cash management.
Recent product developments include cross-border payment solutions, real-time exchange rate access, and same-day settlements.

Alfvén & Didrikson Partner, Måns Alfvén commented:
“We see immense potential for Open Banking in the B2B space, and Open Payments stands out as the market leader in the Nordics, especially in the ERP segment.”
Following this investment, Alfvén & Didrikson and Industrifonden will become the company’s largest shareholders.
Emil Ahlanzberg from Alfvén & Didrikson is set to join the Open Payments board, subject to regulatory approval.
Featured image: Louise Brandt is the CEO and Founder of Open Payments