About Nordigen
Nordigen is a company based in Riga (Latvia) founded in 2015 was acquired by GoCardless in July 2022.. Nordigen has raised $3.37 million across 3 funding rounds from investors including GoCardless, Seedcamp and Founders' Edge. Nordigen operates in a competitive market with competitors including MX, Plaid, Belvo, Nithio and Rutter, among others.
- Headquarter Riga, Latvia
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.37 M (USD)
in 3 rounds
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Latest Funding Round
$2.57 M (USD), Series A
Jun 02, 2021
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Investors
GoCardless
& 15 more
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Employee Count
Employee Count
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Acquired by
GoCardless
(Jul 01, 2022)
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Funding Insights of Nordigen
Nordigen has successfully raised a total of $3.37M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.57 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.6M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Nordigen | Valuation |
investors |
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| Sep, 2018 | Amount | Seed - Nordigen | Valuation | Seedcamp , Inventure |
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| Sep, 2017 | Amount | Seed - Nordigen | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nordigen
Nordigen has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include GoCardless, Seedcamp and Founders' Edge. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Seed-stage tech startups in Poland are funded by Black Pearls.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by Inventure.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nordigen
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nordigen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nordigen Comparisons
Competitors of Nordigen
Nordigen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MX, Plaid, Belvo, Nithio and Rutter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Data-driven analytics and open banking APIs are provided to businesses.
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| domain | founded_year | HQ Location |
Open banking aggregation APIs are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Open banking API solutions are developed for financial data aggregation.
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| domain | founded_year | HQ Location |
Analytics and financial solutions for distributed solar energy are provided.
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| domain | founded_year | HQ Location |
Finance and accounting management is facilitated via an API platform.
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| domain | founded_year | HQ Location |
Open banking API solutions are offered to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nordigen
Frequently Asked Questions about Nordigen
When was Nordigen founded?
Nordigen was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Nordigen located?
Nordigen is headquartered in Riga, Latvia.
Is Nordigen a funded company?
Nordigen is a funded company, having raised a total of $3.37M across 3 funding rounds to date.
What does Nordigen do?
Nordigen was founded in 2015 in Riga, Latvia, within the fintech sector. Transaction databases are uploaded by banks and financial institutions via an API, where data is cleansed of noise and relevant details are extracted. Machine-learning models are applied to assign categories to transactions, which are then enriched with geolocation and merchant information. The processed data supports applications in credit assessment, fraud detection, and personal finance management.
Who are the top competitors of Nordigen?
Nordigen's top competitors include Plaid, MX and Credit Kudos.
Who are Nordigen's investors?
Nordigen has 16 investors. Key investors include GoCardless, Seedcamp, Founders' Edge, Black Pearls, and Inventure VC.
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