Noda
“Can an open banking payment initiation provider build a sustainable multi-market payments infrastructure business before regulatory and competitive headwinds force consolidation?”
HQUnited Kingdom
IndustryInfrastructure / Open banking
The story
Noda (trading through NaudaPay Limited) operated as an open banking payments infrastructure provider, offering payment initiation and account information services under FCA authorisation. In 2024, NaudaPay Limited entered an orderly wind-down of its UK operations and formally separated from the Noda brand, ceasing new customer onboarding and payment transactions. The Noda brand appears to continue operations outside the UK entity. BVNK has listed Noda as a customer, suggesting Noda utilised stablecoin/crypto settlement infrastructure as part of its payment rails.
Product timeline
2024
NaudaPay Limited announced an orderly wind-down of its UK operations; ceased onboarding new customers and facilitating new payment transactions.· pivot
2024
NaudaPay Limited announced it will be separated from the Noda brand as part of the wind-down process.· pivot
Regulated entities
EMI / Payment Institution
UK FCA
NaudaPay Limited
The stack
Crypto
Accounting gap: none