About Open Payments
Open Payments is a company based in Stockholm (Sweden) founded in 2017 by Jonas Kjellin.. Open Payments has raised $11.23 million across 4 funding rounds from investors including Alfvén & Didrikson, Industrifonden and Global Brain. Open Payments offers products and services including Unified API, Payments Service, and Accounts Service. Open Payments operates in a competitive market with competitors including Tink, Trustly, Prime Trust, AuthBridge and Enfuce, among others.
- Headquarter Stockholm, Sweden
- Founders Jonas Kjellin
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Open Payments Europe Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.23 M (USD)
in 4 rounds
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Latest Funding Round
$3.1 M (USD), Seed
Jan 23, 2025
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Investors
Alfvén & Didrikson
& 5 more
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Employee Count
Employee Count
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Products & Services of Open Payments
Open Payments offers a comprehensive portfolio of products and services, including Unified API, Payments Service, and Accounts Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $3.1M
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First Round
First Round
(28 May 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Open Payments | Valuation | Alfvén & Didrikson | |
| Mar, 2023 | Amount | Seed - Open Payments | Valuation | Industrifonden | |
| Aug, 2020 | Amount | Seed - Open Payments | Valuation | Industrifonden |
| 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 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. 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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Early & mid-stage life sciences and tech focused VC firm investing primarily in Sweden
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location | |
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Global Brain is recognized as a venture capital firm supporting startups.
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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 Open Payments
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Open Payments
| 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 |
Open Payments Comparisons
Competitors of Open Payments
Open Payments 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 Tink, Trustly, Prime Trust, AuthBridge and Enfuce, 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 |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Open banking payment processing is enabled for businesses and consumers.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Provider of open banking API solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Open Payments
Frequently Asked Questions about Open Payments
When was Open Payments founded?
Open Payments was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Open Payments located?
Open Payments is headquartered in Stockholm, Sweden.
Who is the current CEO of Open Payments?
Jonas Kjellin is the current CEO of Open Payments. They have also founded this company.
Is Open Payments a funded 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 $3.54M, raised on May 28, 2019.
What does Open Payments do?
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.
Who are the top competitors of Open Payments?
Open Payments's top competitors include Tink, Trustly and AuthBridge.
What products or services does Open Payments offer?
Open Payments offers Unified API, Payments Service, and Accounts Service.
Who are Open Payments's investors?
Open Payments has 6 investors. Key investors include Alfvén & Didrikson, Industrifonden, Global Brain, Sony Financial Group, and Brightly Ventures.
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