NoFrixion provides an Embedded Payments API that enables businesses to create and manage multiple bank accounts, automate reconciliation, and issue IBANs for customers with a single click. This solution streamlines payment and treasury management processes, reducing operational complexity and enhancing financial control for businesses.
Funding
$4M 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.
MVFounders
Product
Problem
Businesses often struggle with fragmented payment processes, requiring them to manage multiple bank accounts across different platforms, leading to reconciliation complexities and reduced financial control. Issuing individual IBANs for each customer and automating reconciliation across these accounts can be a time-consuming and error-prone task.
Solution
NoFrixion offers an Embedded Payments API that centralizes and streamlines payment and treasury management. The platform allows businesses to create and manage multiple bank accounts within a single portal, automating reconciliation and identification processes. With a single click, businesses can issue IBANs for each customer, simplifying payment collection and tracking. By providing regulated financial infrastructure in the cloud, NoFrixion enables businesses to build their own solutions for accounts receivable, accounts payable, and overall treasury management.
Target Audience
The primary target audience includes businesses seeking to streamline payment processes, automate reconciliation, and enhance financial control, as well as those looking to offer tailored payment experiences to their customers.
Features
- API-driven platform for managing multiple bank accounts in one place
- Automated reconciliation and identification of payments
- Single-click IBAN issuance for individual customers
- Tools for building custom accounts receivable and payable solutions
- Compliant with Payment Card Industry
- Data Security Standard (PCI-DSS)
- Regulated by the Central Bank of Ireland, ensuring funds are protected under EU EMI regulatory safeguarding rules