{
  "id": 14935329,
  "title": "Norwegian open banking provider Neonomics secures €3.56 million after cutting operating costs by nearly half",
  "url": "https://urgent.news/2026/10/16/norwegian-open-banking-provider-neonomics-secures-3-56-million-after",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-16T10:52:18.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/10/norwegian-open-banking-provider-neonomics-secures-e3-56-million-after-cutting-operating-costs-by-nearly-half/"
  },
  "original_language": "en",
  "account": "Norwegian open finance platform Neonomics has successfully raised €3.55 million ($4 million) in a recent funding round led by existing shareholders. The investment will bolster the company, which provides financial data, intelligence, verification, and payment infrastructure to businesses across Europe. Neonomics' investors include Newmark Capital, Bankify, FirstMark Capital, and TTU Private Equity.\n\nFounded in Oslo in 2017, Neonomics has raised over €44.39 million ($50 million) in private investment to date. Its CEO, Alfonso Muñoz, emphasized the company's strengthened financial position, citing a 50% reduction in operating costs and strong customer demand. Muñoz, who joined Neonomics as CFO in 2025, played a crucial role in this financial turnaround.\n\nNeonomics' platform connects businesses to over 3,500 banks across Europe, with a focus on PSD2 network, account information, and payment infrastructure. The company's Nello Data, Nello AI, and Nello Pay products cater to three core areas: real-time account verification, financial intelligence generation, and account-to-account payments. With over 60% growth in new customer acquisition since the beginning of the year, Neonomics sees potential in expanding beyond payments and leveraging its data enrichment and interpretation capabilities.",
  "summary": "Neonomics, the Norwegian full-stack open finance platform that provides financial data, intelligence, verification, and payment infrastructure to businesses across Europe, has raised €3.55 million ($4 million). The company said the funding came from existing shareholders but did not disclose the identities of participating investors. Its investors include Newmark Capital, Bankify, FirstMark…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}