← Embedded Finance Index 2026

Neonomics

“Can a single PSD2-licensed open banking platform become the infrastructure layer for AI-driven financial services across 30+ European markets?”

Founded2017
HQOslo, Norway
Total raised$11.8M
Latest roundVenture (Round not Specified), 2022
IndustryInfrastructure / Open banking

The story

Founded in 2017 in Oslo as a PSD2-native open banking infrastructure provider, Neonomics built one of the deepest bank connectivity networks in the Nordics. Initially focused on AISP/PISP API connectivity for enterprise clients, the company expanded to a full-stack open finance platform branded as 'Nello', adding AI-driven financial intelligence (Nello AI) alongside data and payments products. The company scaled to 3,500+ banks across 30 European markets and pivoted toward powering agentic financial services, positioning itself as infrastructure for the next generation of AI-driven fintech applications.

Last 12 months

2024-10

Neonomics rebranded its product suite under the 'Nello' brand — Nello Data, Nello Pay, Nello AI — signaling a strategic move toward AI-driven open finance infrastructure.

In the October 2024 recap →

2026-10-29

Announced Movitz Payments' Verification of Payee (VoP) inside Nello Pay, its pay-by-bank product: payee names are checked against account details before payment, merchants get a verified badge at onboarding, and payers are warned on a mismatch. Live in Finland (operational for just over a year); Sweden, Denmark and Norway planned for 2027 ahead of the EU VoP rules.

In the October 2026 recap →

Movitz

Product timeline

2017

Founded in Oslo, Norway with a mission to build open banking infrastructure for European financial services.· pivot

2022

Partnered with Worldline to power open banking connectivity in the Nordics via Bank Connect API.· banking

2024

Launched full-stack open finance platform branding under 'Nello' product suite (Nello Data, Nello Pay, Nello AI) covering account data, pay-by-bank, and AI-ready financial intelligence.· pivot

Regulated entities

regulatory licences held by Neonomics

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

3 layers disclosed in Neonomics’s embedded-finance stack

Payments / PSP

Neonomics Pay by Bank (self-operated)

Open banking

in the full report

Fraud

in the full report

Accounting gap: none

2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Neonomics — frequently asked

Who is Neonomics's payment processor?

Neonomics processes payments through Neonomics Pay by Bank (self-operated).

Which open banking provider does Neonomics use?

Neonomics connects to bank accounts through Neonomics (self-operated).

What fraud prevention does Neonomics use?

Neonomics uses Movitz for fraud prevention.

What is Neonomics's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Neonomics's stack: Payments / PSP (Neonomics Pay by Bank (self-operated)); Open banking (Neonomics (self-operated)); Fraud (Movitz).

Where is Neonomics headquartered?

Neonomics is founded in 2017 and headquartered in Oslo, Norway.

How much funding has Neonomics raised?

Neonomics has raised $11.8M in total (latest round: Venture (Round not Specified), 2022).

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