About Open Payments
Open Payments is a Financial Services company based in Stockholm (Sweden) founded in 2017 by Jonas Kjellin. It operates as an open banking API solutions are offered to financial institutions. Open Payments has raised $11.23 million across 4 funding rounds from investors including Alfvén & Didrikson, Industrifonden and Global Brain. Its chief executive is Jonas Kjellin. Open Payments offers products and services including Unified API, Payments Service, and Accounts Service. Its focus areas include FinTech, Payments, Enablers and Open Banking APIs. Its legal entity is Open Payments Europe AB. Its competitors include Tink, Trustly, Prime Trust, AuthBridge and Enfuce and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Open Payments was founded in 2017 in Stockholm, Sweden, focusing on the fintech sector. A single-API platform is provided to the banking industry, application developers, businesses, and merchants, enabling access to multiple bank APIs through one secure interface. Services such as lending, virtual banking, and currency handling are facilitated, supporting operations across financial ecosystems in Europe.
- Headquarters Stockholm, Sweden
- Founders Jonas Kjellin
- SectorsFinancial Services
- Phone•••• ••••
- Website openpayments.io
- Social LinkedIn X Facebook
- Legal Name Open Payments Europe Ab
- Total Equity Funding$11.23M (USD)
in 4 rounds
- Latest Funding Round$3.1M (USD), Seed
Jan 2025
- InvestorsAlfvén & Didrikson
& 5 more
Products & Services of Open Payments
Open Payments offers a comprehensive portfolio of products and services, including Unified API, Payments Service, and Accounts Service.
Connects businesses to banks for seamless payments and data access
Enables secure invoicing and bank payments without intermediaries
Provides real-time visibility into cash flow and account reconciliation
Funding Insights of Open Payments
Open Payments has successfully raised a total of $11.23M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in January 2025. 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 $11.23M
- Total Rounds 4
- Last Round Seed — $3.1M
- First Round $1.34M
(May 2019)
- Investors Count 6
All 4 funding rounds of Open Payments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $3.1M | Seed | – | Alfvén & Didrikson | |
| Mar 2023 | $3.25M | Seed | – | Industrifonden | |
| Aug 2020 | $3.54M | Seed | – | Industrifonden | |
| May 2019 | $1.34M | Seed | – | Brightly Ventures, Luminar Ventures | – |
6 investors in total: 6 institutional.
Investors in Open Payments
Open Payments has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Alfvén & Didrikson, Industrifonden and Global Brain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early & mid-stage life sciences and tech focused VC firm investing primarily in Sweden | – | alfvendidrikson.com | Stockholm, Sweden | |
Investments in deep-tech, life sciences, and transformative tech are managed. | – | industrifonden.com | Stockholm, Sweden | |
Global Brain is recognized as a venture capital firm supporting startups. | – | globalbrains.com | Shibuya, Japan | |
- | – | sonyfg.co.jp | - | |
Brightly Ventures is focused on investing in Nordic startups. | – | brightlyventures.com | Stockholm, Sweden | |
Luminar Ventures is recognized as a leading seed-stage venture capital fund in the Nordics. | – | luminarventures.com | Stockholm, Sweden |
Investor details for Open Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Open Payments
7 people are tracked at Open Payments (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Jonas Kjellin | Founder & CEO | Leadership |
Louise Brandt | Co-founder, CEO | Leadership |
Jan Eklöf | Director of Engineering | Leadership |
Rasmus Brenter | Deputy CEO | Leadership |
Robin Jonsson | Software Engineer | Team |
Joakim Lindborg | Software Development Manager | Team |
Esbjörn Backlund | Integration Manager | Team |
Complete people profiles for Open Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Open Payments
3 dated milestones of Open Payments across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Open Payments is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Seed, of $3.1M.
Competitors of Open Payments
Open Payments has 8 listed competitors in our database, 6 of them funded. They include Tink, Trustly, Prime Trust, AuthBridge and Enfuce, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tink.com | 2012 | Stockholm, Sweden | $358.93M | – | Tink is recognized as a leading European open banking platform. | |
| trustly.com | 2008 | San Carlos, United States | $28.73M | – | Open banking payment processing is enabled for businesses and consumers. | |
| primetrust.com | 2004 | Las Vegas, United States | $171.22M | 84 | Cloud-based AML and banking API solutions are provided for institutions. | |
| authbridge.com | 2005 | Gurugram, India | $11.2M | 1,017 | Identity verification, employee screening, and due diligence platforms are provided. | |
| enfuce.com | 2016 | Espoo, Finland | $74.2M | – | Provider of open banking API solutions | |
| zimpler.com | 2012 | Stockholm, Sweden | – | – | Mobile payment solutions are provided for businesses via phone-linked verification. | |
| surfboardpayments.com | 2019 | Stockholm, Sweden | – | – | API-checkout and POS payment solutions are delivered for businesses. | |
| atlar.com | 2022 | Stockholm, Sweden | $4.99M | – | Automated bank payment solutions are integrated via API and dashboard. |
Detailed competitors of Open Payments
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- Full competitor set
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Web traffic of Open Payments
The website of Open Payments (openpayments.io) receives about 3.6K visits a month.
- Monthly visits3.6K
▼ 0.8% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Open Payments (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Open Payments
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Frequently Asked Questions about Open Payments
Open Payments was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Open Payments is headquartered in Stockholm, Sweden.
Jonas Kjellin is the current CEO of Open Payments. They have also founded this company.
Open Payments is a funded company, having raised a total of $11.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.34M, raised on May 2019.
Open Payments was founded in 2017 in Stockholm, Sweden, focusing on the fintech sector. A single-API platform is provided to the banking industry, application developers, businesses, and merchants, enabling access to multiple bank APIs through one secure interface. Services such as lending, virtual banking, and currency handling are facilitated, supporting operations across financial ecosystems in Europe.
Open Payments's top competitors include Tink, Trustly and AuthBridge.
Open Payments offers Unified API, Payments Service, and Accounts Service.
Open Payments has 6 investors. Key investors include Alfvén & Didrikson, Industrifonden, Global Brain, Sony Financial Group, and Brightly Ventures.
Open Payments operates through Open Payments Europe Ab.