Nordigen, the only free open banking platform, has started a collaboration with SaaS investment platform Tapline to provide data on business accounts, transaction insights, risk analysis, and credit scoring. 

Tapline is a two-sided platform that enables SaaS companies to sell their recurring revenues to institutional investors for annual returns. This exchange provides SaaS companies with instant access to funds in order to develop their business. 

“Secure financial information sharing and analytics tools are crucial to our investment platform and we would not be able to analyze risks, do credit checks or gain insights on our client’s finances without them. Nordigen’s PSD2-regulated APIs help us enhance our range of services to a higher level,” says Peter Grouev, co-founder of Tapline.

Tapline uses Nordigen’s PSD2-regulated APIs to monitor B2B accounts and gather insights on enterprise financial activities and credit scoring. User transactional information also allows for the creation of a risk analysis assessment based on the information that Nordigen is able to provide. 

“Tapline is a multifaceted service that has helped countless businesses with their solutions. PSD2 was created to provide seamless access to open banking data and we’re delighted that our open banking solution is able to help and provide Tapline with additional financial insights,” says Rolands Mesters, co-founder and CEO of Nordigen.