We are representing Nordigen, a freemium open banking data provider from Latvia, in a transaction selling Nordigen’s shares to GoCardless, the global leader in direct bank payments.
GoCardless will incorporate Nordigen’s next-generation open banking connectivity – offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries – into its account-to-account network.
About the acquisition
The acquisition means the fintech will provide free open banking connectivity at scale, opening up to everyone self-serve access to account information services (AIS). In addition, its suite of premium data products will help to improve outcomes across a range of use cases, from credit assessments to customer engagement.
The Sorainen team, led by country managing partner Eva Berlaus and counsel Renāte Purvinska, is providing full scope transaction advice to Nordigen.