23.01.2025 OSLO, NORWAY and LONDON, UK – The Neonomics Group, has completed the acquisition of Ordo, an open banking payments and data service provider based in the United Kingdom.

Founded by the former management team of the UK Faster Payments scheme, Ordo is an FCA authorised open banking payments innovator and one of the very first to be licensed as such in the UK. Ordo delivers a wide range of payments and data services including variable recurring payments and is an official crown services supplier.

The UK and EU are witnessing a surge in account-to-account payments adoption

Collaborations enhance interoperability and security across borders, and with the upcoming release of the Payments Services Regulation (PSR) in combination with the third Payment Services Directive (PSD3), this shift to more cost efficient, legacy-free payments and data services will only continue to grow.

Ordo, a fintech with a depth of payments knowledge and experience  

Founded by the award-winning team responsible for opening up access to Faster Payments, the team at Ordo has played a central role in shaping the UK’s Open Banking market. It remains at the heart of regulatory development today, pushing boundaries in the work now being led by the FCA. Having successfully delivered low cost instant single payments and fully hosted and managed Variable Recurring Payments, Ordo is demonstrably striving for a better deal for UK businesses and consumers.

Fliss Berridge co-founder and Managing Director of Ordo stated: “We are proud to join forces with one of the most well positioned independent open banking providers in Europe, to jointly scale our offering to both existing and new customers across the UK and Europe. The two teams bring a wealth of experience in developing tailored solutions in a complex and highly regulated environment at what we believe will be among the industry's most competitive commercial terms.”

Strategic Rationale

Neonomics was seeking a strategic partner to further accelerate its growth and expand its ability to offer services in the UK and beyond. With this acquisition, both Neonomics and Ordo can exploit existing synergies to satisfy business needs. Ordo’s strong UK payment propositions, including fully functioning unrestricted Variable Recurring Payments (VRP) capability, together with the knowledgeable team behind it, made them ideal partners for Neonomics and their vision for a more open and connected economy.

Christoffer Andvig founder and CEO of Neonomics, stated: “The team at Ordo represents some of the most experienced payments experts in the UK, having a leading voice across many of the most important forums that span the UK and EU in shaping how open banking will evolve. This acquisition strengthens our commercialization strategy and time to market while expanding our product offering.”

Key items of the transaction

Fintech Innovation AS, the parent company of Neonomics AS, has acquired 100% ownership of UK FCA authorised fintech, The Smart Request Company Limited Ltd, trading as Ordo. The transaction is fully approved by both the UK FCA and Norwegian FSA.

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About Neonomics

Neonomics is at the forefront of open banking and redefining the world of payments. Originally from the Nordics but working with businesses across Europe, Neonomics is delivering secure and cost-effective financial services designed with the customer experience at the core. Frustrated with legacy financial services, Christoffer Andvig founded the company in 2017. Authorized by the Norwegian FSA as a licensed payment institution across Europe, Neonomics is delivering payment initiation and account information services to a wide range of businesses, proving better financial solutions are what's needed to stay competitive in today's market.  

Built by a passionate team of 70+ people headquartered in Oslo, Norway with presence in London, Stockholm, and Helsinki. With over 20 nationalities and over 40% female representation, we pride ourselves on being an inclusive and diverse culture from the get-go. For more information about Neonomics, visit www.neonomics.io  

Media Contact Details:

Tammy Gobel, Marketing @ Neonomics, tgobel@neonomics.io

About Ordo

Ordo’s API cloud native Payments and data offerings deliver fully managed, white-labelled, turn-key solutions for Open Banking include paper and electronic billing and invoicing, call centre solutions, e-commerce, QR Code payments, Variable Recurring Payments, Refunds, payouts and data solutions.

Founded in 2018 by the former management team of the UK’s Faster Payments Scheme, Ordo transforms payments by making them faster, cost-effective, and secure, and revolutionises data by making it useful. Regulated by the Financial Conduct Authority as a Payments Institution for Account Information Services and Payment Initiation Services (FRN 836070), Ordo continues to lead in payment innovation and expertise, saving clients millions, driving financial inclusion, and offering alternatives that rival traditional payment methods from every angle. For general enquiries, please contact us via info@ordopay.com.

For Media Enquiries:  
Emilie Lefèvre, Media Relations @ Ordo, press@ordopay.com

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