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Nordic API gateway Spiir gets big bank investment

Hot on the heels of Tieto launching its API Hub, Spiir’s Nordic API Gateway has received €5.2 million investment from DNB and Danske Bank as the banks continue their plans to build their PSD2 infrastructure in the Nordics.

Spiir offers its API Gateway as a service that connects with any Nordic bank and gives third parties a way of executing PSD2 projects.

Rune Mai, CEO of Nordic API Gateway, says it’s a “huge milestone for us to onboard the second strategic investor” and DNB is a “great match as we share the same overall strategic goals of igniting innovation for everyone in the field of finance”.

According to Spiir, the API Gateway is available for anyone before the full roll-out of the PSD2 regulation.

It currently provides unified API access to both personal and business accounts from all Nordic banks, and will soon also include a way to initiate payments directly from account to account, although no time frame for this has been given as yet.

Back in June, Jyske Bank in Denmark went live with account aggregation for its personal banking customers. The solution was built on top of Nordic API Gateway. The total amount of investments in the gateway in 2018 is now €8.5 million.

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