Neonomics & BetterNow simplify digital fundraising with open banking

By Gloria Methri

Open banking provider Neonomics has partnered with BetterNow, a Danish-based white-label fundraising platform, to enable more efficient digital fundraising services to charities across the Nordics. The collaboration will see the two companies roll out open banking-powered payments to many charity organizations across the Nordics, to leverage a more efficient channel to receive funds.

“Open banking can revolutionize the way charities and charitable causes big and small interact with donors with the immediate benefit being faster and more efficient payments. Neonomics shares our customer-centric approach and we are excited to expand this offering across our growing network,” said  Jesper Juul Jensen, CEO at BetterNow.

Transactional costs are among the biggest pain points when it comes to fundraising. Additionally, being able to manage how these payments are received and tracked is critical. Charitable donations in many Nordic countries are tax deductible and BetterNow’s white label platform seamlessly enables this functionality at scale.

“We have been working with many charities directly to showcase the long-term value of integrating open banking offerings. With BetterNow, we are directly addressing customer pain points much more broadly than ever before. By streamlining payments, we can further help fundraisers by leveraging the data created to improve and expand how they promote and raise funds in innovative ways.” Christoffer Andvig, CEO at Neonomics.

Neonomics is an open banking disruptor unifying access to over 2,500 banks and 150 million bank customers across Europe via secure and cost-efficient pure PSD2 API platforms in the market. Authorized by the Norwegian FSA as a licensed payment institution, the company delivers payment initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks, and more.