Nordic API Gateway to power FinTech Horde’s open banking services

By Megha Bhattacharya

Nordic API Gateway has announced that it has teamed up with FinTech Horde, enabling the FinTech to manage loans and receive better loan opportunities by consolidating credit card debt. Horde has also rolled out a social lending platform for allowing friends and family to lend each other money in a structured way. The new social lending platform is already being launched in Norway this week and is expected to be further expanded in the Nordics in the future.

Alf Gunnar Andersen, CEO & Founder of Horde, said, “Having browsed and tested the open banking landscape for quite some time, we’ve chosen Nordic API Gateway due to the proven quality of the platform. They’re delivering the most stable open banking connection which is crucial for our users. With this new feature, we’re using open banking to structure and facilitate loans between friends and family by using account aggregation and payment initiation which basically will make it easier than ever to do social lending. We believe it will be a stepping stone to open a new chapter for Horde to empower Norwegian consumers even further with new loan opportunities.”

Horde is using payment initiation from Nordic API Gateway to further expand its offerings by launching the feature ‘Vennelån’ (‘Friend-loan’). According to Nordic API Gateway, Horde will be given access to a unified API platform granting them access to account aggregation services and payment initiation services in Norway.

Rune Mai, CEO & Founder of Nordic API Gateway said, “We’re happy to see Horde choose Nordic API Gateway based on the quality and service of our platform. Building the kind of quality platform that allows clients to successfully build and launch services in a fragile open banking world requires true craftsmanship. We focus on the tiniest details – from quickly fixing issues with bank APIs and ensuring the compliance of our clients to effective onboarding with our straightforward communication principles – and we do it with a local mentality of each market we operate in … no matter what market that might be.”