Copenhagen-based Pleo speeds up innovation with smooth access to bank data with Nordic API Gateway | EU-Startups
Summary
Copenhagen-based Nordic API Gateway, an open banking platform, has announced a partnership with Pleo, another Danish fintech that provides employees with payment cards, and just raised €50 million back in May. The two rapidly growing Danish fintech scale-ups have joined forces to build a hassle-free and fast solution that enables Pleo to speed up the time it takes for their customers’ top-up payments to reach their prepaid cards. “In addition to creating a faster top-up payment system to benefit our customers, the full coverage gives us new opportunities on the product front. That has a huge value for our business and, more importantly, our customers.” According to Rindom, the new partnership is solving the number one pain point of Pleo’s customers by bringing down the time from days to seconds for funds to appear on their Pleo cards. Moving forward, Pleo will use the open banking platform to scale their offering further into Europe; both parties view this as a fruitful collaboration that will involve well into the future.
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