Neonomics

Neonomics operates as a business-to-business open banking platform, offering a unified API that connects to thousands of banks. The company was established in Oslo, Norway, in 2017 by Christoffer Andvig, who founded the firm out of frustration with legacy financial services. Andvig, a serial entrepreneur with a Master of Management from BI Norwegian Business School, has an extensive background in the fintech sector, including involvement with Klarna's early entry into Norway and developing an e-commerce payment system for Collector Bank.

The company's core business revolves around providing Payment Initiation Services (PISP) and Account Information Services (AISP) through its single API platform. This allows clients—ranging from fintech startups to established financial institutions—to integrate direct account-to-account (A2A) payments and financial data aggregation into their applications. Neonomics is licensed by the Norwegian Financial Supervisory Authority, with its services passported across the European Union. Its revenue model is primarily usage-based, with clients charged per transaction for services like payment initiation and on a per-user, per-month basis for data aggregation, with pricing tiers that vary by volume.

The product suite centers on the pure PSD2 API, which facilitates access to identity data, balance inquiries, transaction histories, and payment initiation. A key offering is "Nello Pay," a white-label solution that enables businesses to offer secure, low-cost 'Pay by Bank' options to their customers, which can reduce transaction costs by up to 80% compared to card payments. The platform also provides data solutions for use cases in lending, investing, invoicing, and personal finance management. A significant strategic development was the acquisition of UK-based open banking platform Ordo in January 2025, which expanded its capabilities and market presence.

Neonomics has formed several key partnerships to enhance its service offerings and European coverage. Collaborations with companies like Worldline, Banqsoft, and Ping Payments have expanded its reach to approximately 3,500 banks across 22 European countries, particularly strengthening its footprint in the Nordics. These partnerships enable Neonomics to provide enhanced A2A payment capabilities, data aggregation, and identity verification services, while allowing partners to leverage Neonomics' extensive bank connectivity. Keywords: open banking, API platform, account-to-account payments, A2A payments, payment initiation, PISP, account information, AISP, financial data aggregation, fintech, Pay by Bank, PSD2 API, Christoffer Andvig, Nello Pay, financial API, bank connectivity, Nordic fintech, European payments, data enhancement, identity verification, Ordo, Worldline partnership, Banqsoft partnership