“Can a Nordic payments infrastructure company expand from acquiring and gateway services into an embedded finance platform for SMB merchants across the Nordics and Europe?”
Nets began as a Nordic payments infrastructure provider serving banks and merchants. Over time it evolved into a full-stack payment solutions company operating Netaxept, its e-commerce payment gateway. In 2019 it launched embedded merchant financing via Liberis, moving beyond pure payment processing into value-added financial services. The potential merger with Nexi signals a broader European consolidation play, positioning the combined entity as a pan-European payments champion.
Nets processes payments through Netaxept (self-operated).
Nets's lending and capital products are provided by Liberis.
The Embedded Finance Index 2026 maps 2 layers in Nets's stack: Payments / PSP (Netaxept (self-operated)); Lending (Liberis and Smart Financing).
Nets is founded in 1968 and headquartered in Copenhagen, Denmark.
Get a read on where your own stack stands against Nets and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.