Nello provides a PSD2-compliant open banking API that enables businesses to facilitate direct bank payments and integrate reliable financial data into their applications. This technology reduces transaction costs by up to 80% while enhancing conversion rates through a frictionless payment experience.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face high transaction costs and friction in payment processes when using traditional payment methods. Integrating reliable financial data into applications can also be complex and costly.
Solution
Nello provides an open banking API that enables businesses to facilitate direct bank payments and integrate financial data into their applications. Nello Pay offers a streamlined payment experience, allowing customers to pay directly from their bank accounts, which reduces transaction costs significantly. The platform also offers customizable branding options, allowing businesses to maintain their brand identity within the payment process. Nello's API is PSD2 compliant, ensuring secure and reliable transactions.
Target Audience
Nello targets businesses, including licensed AISP/PISP providers, looking to reduce transaction costs, improve payment conversion rates, and integrate financial data into their services.
Features
- Direct bank payments via open banking API
- PSD2 compliance for secure transactions
- Customizable branding options (Soft Branding and White Label)
- Real-time transaction overview via Merchant Portal
- Integration of financial data into applications
- Card Payments