With its mission to help businesses adopt open banking, Nordigen is spreading its roots very fast. Now the Riga-based startup sits down for a new partnership agreement. Nordigen will provide essential data for Tallinn-based startup Acounto which digitise accounting for SMEs by offering them a spot where they can manage all accounting tasks in one place. This partnership will enable Acounto to improve its platform and provide automatic reconciliation to its users.
Nordigen Partners with Acounto to Provide a Complete Financial Overview Using Open Banking
Nordigen, the only free open banking platform, is partnering with digital accounting service Acounto to provide transactional data for bookkeeping operations.
Acounto is a digital-first accounting service that provides a convenient accounting and payroll solution for businesses. These automated solutions assist in daily business operations by aggregating all financial data in one place, utilising it to offer predictions, reminders and updated statistics, as well as allowing users to effortlessly manage all their accounting tasks and relevant data on one platform.
“Nordigen’s solution provides us with essential financial data through open banking APIs that enhance our products and improve internal processes. We are delighted to be working with an experienced partner in the field,” says Ferenc Brachman, CEO of Acounto.
The main service used by Acounto is transactional data gathering, with information sourced from major European banks, which enables the finance platform to generate reports and summaries for internal procedures. Using Nordigen’s integration, Acounto is able to automate data input and provide their clients with automatic reconciliation.
“Acounto has created a platform that helps digitise accounting for SMEs. PSD2 was created to provide seamless access to open banking data and we’re delighted that our integration is able to further transform, simplify and automate the service of client-focused firms such as Acounto,” states Rolands Mesters, co-founder and CEO of Nordigen.