Coeo Inkasso chooses Neonomics to offer Open Banking-enabled debt collection in Norway

European credit management service coeo Inkasso will introduce a payment solution for debt collection in Norway, marking its entry into the market, following a new partnership with Neonomics.

Coeo Inkasso will integrate Neonomics’ Open Banking-driven solution ‘Nello Pay’ to enable individuals to settle outstanding balances directly from their bank accounts, thereby reducing the friction associated with traditional payment methods.

The two companies called their collaboration “a step forward in modernising debt collection payments in Norway”.

Coeo Inkasso is part of the coeo Group, which is based in Germany and has a presence in eight countries. The group entered the Swedish market in 2022 and has now expanded to Norway.

Charlotte Surén, chief executive officer of coeo Inkasso, said: “When launching in a new market, we aim to use the most innovative solutions. Making the payment process easy for our customers are a high priority for us going live.

“By integrating Nello Pay, we are simplifying the way people can resolve their debts—offering a secure, automated, and user-friendly solution that benefits everyone involved.”

Norway-based Neonomics works with businesses across Europe, delivering payment initiation and account information services.

“Debt collection is a prime example of how Open Banking can deliver immediate, tangible benefits for both businesses and consumers,” said Trine Stefferud, head of partnerships at Neonomics.

“We appreciate the trust we’ve earned in this industry and are excited to support coeo Inkasso in streamlining payments through Nello Pay. The growing maturity and adoption of Open Banking in Norway is encouraging, and so it’s particularly exciting to see challengers like coeo choosing Neonomics.”

Last month, Nordic real estate investment platform FundingPartner enabled its investors to make faster and more secure payments directly from their bank account without leaving the platform, using Neonomics’ Open Banking solutions.

FundingPartner cited a reduction in administrative costs and a better user experience for its investors, by removing manual payment steps.

Further reading: Norway’s Neonomics acquires UK Open Banking platform Ordo