Enable Banking, a Finland-based financial infrastructure firm, has raised €600,000 from an investment round.
The round was led by Wellstreet’s FinTech Fund also saw participation from Dutch investment business Forward VC.
Enable Banking focuses on developing next-generation financial infrastructure via APIs for open banking capabilities across European banks and it is one the EU’s sole providers of non-intrusive connectivity to ASPSP-official APIs.
Enable claims it aims to empower its customers by making integrating with banks easier and more streamlined for companies, without storing data, using intrusive data modelling tactics or taking control of sensitive business data.
According to Enable, the funding guarantees the continued development of the company’s infrastructure, technology, and further international expansion into the EU – which it has already started successfully pursuing.
Enable Banking CEO and founder Joonas Tomperi said, “With Wellstreet, we have been able to speed up our growth with their deep understanding of the financial industry and B2B sales. In addition, Wellstreet has been super helpful with industry introductions and support for us, founders. They are doing everything possible for us to succeed in our journey. Also, one big thing for me, personally, is their willingness to give back to society.”
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