Real estate investment platform chooses Neonomics’ Open Banking solutions

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

The new partnership aims to simplify investment payments via “seamless” bank connections across Norway, Sweden and Denmark.

FundingPartner, which was founded in 2016, connects businesses seeking flexible real estate financing with investors, who receive fixed interest returns, and has facilitated financing for hundreds of projects, by sourcing capital from its more than 20,000 investors.

Among the benefits for FundingPartner of working with Neonomics is a reduction in administrative costs and a better user experience for its investors, by removing manual payment steps.

Geir Atle Bore, chief executive officer of FundingPartner, called the partnership “a significant step forward in enhancing the payment experience for our investors”.

“The early results have been promising – over 10% of our payment volume in NOK has already shifted to Neonomics within just a few weeks of launch.”

Christoffer Andvig, founder and chief executive officer, Neonomics

He said: “This strong uptake underscores how much our investors value a faster, more efficient payment option, and it reinforces our commitment to delivering seamless, user-centric solutions as we continue to grow.”

“FundingPartner is making real estate investing more accessible and flexible,” Christoffer Andvig, chief executive officer of Neonomics, added.

“We are excited to support their mission with our Open Banking solutions, setting a new standard for digital financial services.”

Neonomics recently acquired UK-based Open Banking platform Ordo to strengthen its commercialisation strategy and ability to offer services in the UK.

Further reading: Neonomics launches Open Banking and AI-driven payments, data suite