Ndgit
“Can Ndgit and Qwist together become the dominant open banking infrastructure layer for European banks and fintechs ahead of PSD3?”
Founded2015
HQMunich, Germany
Total raised$4.7M
Latest roundAcquired by Crastorehill, November 2023
IndustryInfrastructure / Open banking
The story
Founded in 2015 as Next Digital Banking (ndgit), the Munich-based company initially focused on lending middleware APIs connecting banks and insurance companies for digital finance. Over time it evolved into an Open Banking platform, enabling banks, fintechs, and e-commerce players to connect and share financial data via standardized APIs. In November 2023, Ndgit was acquired by Warsaw-based Crastorehill, a Finch Capital portfolio company, alongside Qwist (formerly Finleap Connect), positioning the combined entity as a major European open banking infrastructure provider ahead of PSD3 regulation.
Product timeline
2015
Founded as Next Digital Banking (ndgit) in Munich, Germany, offering a lending middleware API platform connecting banks and insurance companies.· pivot
2022
Recognized as a Top Digital Lending Solutions Company in Europe 2022 by Financial Services Review.· banking
2023
Acquired by Crastorehill (majority owned by Finch Capital) alongside Qwist (formerly Finleap Connect), forming a combined open banking group.· acquisition
The stack
1 layer disclosed in Ndgit’s embedded-finance stack
Lending
Lending middleware API platformDigital lending connectivity for banks and insurance companies
Accounting gap: none