Synch acted as legal advisor to Open Payments in connection with financing

Synch’s team assisted Swedish fintech startup Open Payments when the company now raises a seed round investment of 1.2 MEUR from Brightly Ventures, Luminar Ventures, and selected angel investors. The capital will be used to grow the team and launch the platform in the Nordic and European market.

Open Payment is first in the Nordic region to offer a genuine PSD2 aggregated platform that on behalf of third-party providers, and with the end customer’s consent, initiates account-to-account payments and retrieves account information and transaction history, all via one single API.

About Open Payments
Open Payments Europe is a Swedish venture capital funded fintech company that, through its unique PSD2 platform for developers and third-party providers, offers a groundbreaking “Platform as a Service” (PaaS) infrastructure that is required for Open Banking to become a reality. Founded in 2017, and with offices in Stockholm, Open Payments aim to become the hub of the new ecosystem for Open Banking.

About Synch
Synch is a Nordic law firm with an experienced and internationally recognized team focusing on digital business and technology. Synch offers the market a unique flexibility through its award-winning blended service delivery model, where the firm’s innovative ”managed services” (SynchWherever) and digital services (WeSynch) are complemented by traditional consulting and project-related service.

For more information, please contact Andreas Börjesson, andreas.borjesson@synchlaw.se, 0761-761 919

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