Neonomics
Oslo open finance platform, licensed by the Norwegian FSA and passported across the EU, combining account data, verification, financial analysis and Pay by Bank
Quick Overview
| Company | Neonomics AS |
|---|---|
| Category | Open Banking APIs |
| Headquarters | Oslo, Norway |
| Founded | 2017 |
| EU Presence | Yes - Norway (EEA), passported across the EU |
| Data Location | Not stated on the pages checked |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Nello Data (verify account, verify payee, transaction data, balance check), Nello AI (categorisation, income and expense verification), Nello Pay (Pay Date, pay by card, batch payments) |
| Pricing | Pricing on request; the site shows no price list |
| Best For | Nordic lenders, fundraising platforms and invoicing tools that need bank data and Pay by Bank from a Norwegian provider |
| Replaces | Plaid, Tink |
Detailed Review
Neonomics says it was founded in 2017 in Oslo, with branches in Sweden and Finland, and connects to more than 3,500 banks across Europe. It describes itself as privately held and registered in Oslo.
Products are grouped as Nello Data, Nello AI and Nello Pay. The footer states that Neonomics AS is a payment institution, PISP and AISP licensed by the Norwegian Financial Supervisory Authority and passported across the EU.
Data and Verification
Nello Data covers account verification, payee verification, transaction data and balance checks. Account and payee checks are useful for payout flows where a wrong IBAN is expensive.
Financial Analysis
Nello AI turns transaction data into categorisation, income verification and expense verification, aimed at lenders making credit decisions on real account data rather than declared income.
Nordic Depth
The company cites 95 percent plus Nordic bank coverage and 20 million plus Nordic consumer reach. Industry pages target fundraising, e-commerce, lending, investing and invoicing, with customer stories from Nordic companies.
Limitations to Consider
Norway is in the EEA but not the EU, so check that the passport covers your target markets. No pricing is shown, and the legal page lists neither an address nor an organisation number. Outside the Nordics, Enable Banking and Powens publish broader country lists.
Who Should Use Neonomics
Nordic lenders, charities and invoicing platforms that want bank data and Pay by Bank from a Norwegian regulated provider.
Pros and Cons
Pros
- 3,500+ banks claimed across Europe
- Account and payee verification products
- Income and expense verification for lending
- Nordic bank coverage stated at 95 percent plus
- Licensed by the Norwegian FSA, passported in the EU
Cons
- No public pricing
- Registered address and organisation number not on the legal page checked
- Ownership details limited to privately held
- Smaller footprint outside the Nordics
Alternatives to Neonomics
Other European open banking apis worth comparing before you decide:
Yapily
United Kingdom · Open banking data and payments through one API, with FCA-authorised Connect option
finAPI
Germany · Munich open banking API with a published price list and BaFin licences
TrueLayer
United Kingdom · London Pay by Bank network with a Data API and verification products
Powens
France · French open finance platform for bank data, payments and identity checks
See all European open banking apis or compare them directly against Plaid on our alternatives page.
Frequently Asked Questions
Yes. The site says Neonomics AS is a payment institution, PISP and AISP supervised by the Norwegian Financial Supervisory Authority and passported across the EU.
They are its product lines for account data and verification, transaction analysis, and Pay by Bank payments.
In Oslo, with branches in Sweden and Finland according to its about page.