Predict your next investment

INTERNET | Internet Software & Services / Accounting & Finance
aprila.no

See what CB Insights has to offer

Founded Year

2017

Stage

PIPE | IPO

Total Raised

$20.97M

About Aprila Bank

Aprila Bank is a digital bank for SMB financing, working capital inside online accounting systems. Customer onboarding takes seconds, financing offers are automatically generated and Aprila uses live accounting data to price risk and predicts outcomes using ML. Transactions are automatically booked in the accounting systems.

Aprila Bank Headquarter Location

Kirkegata 5

Oslo, 0153,

Norway

+47 23 96 68 68

Latest Aprila Bank News

6 Fast-Growing Fintech Companies from Norway

Apr 21, 2021

6 Fast-Growing Fintech Companies from Norway Norway is home to over 120 fintech companies with the vast majority of solutions available right now focusing on mobile payments and online banking, though other segments such as data and analytics, insurtech, data and analytics, and wealthtech, are also represented, data from TheFactor, a fintech and proptech incubator and accelerator, show . Norwegian Fintech Map, TheFactory, April 2021 Several Norwegian fintechs have grown to notable size, attracting the interest of foreign investors and expanding overseas. To get a sense of Norway’s biggest, most successful fintech companies, we’ve compiled a list of six Norwegian fintechs that have recorded strong growth, made notable strides this past year, and which deserve to be followed very closely. For this list, we’ve selected venture capital-backed, independent and private Norwegian fintech companies and excluded publicly traded fintechs such as Zwipe, those that got bought out like Signicat , and initiatives launched or backed by incumbents such as Vipps, a popular mobile payment app owned by a consortium of banks. Aprila Bank Founded in 2017, Aprila Bank is a provider of digital banking services intended to renew traditional small and medium-sized enterprise (SME) banking. At Aprila Bank, customer onboarding takes seconds, financial offers for invoices are automatically generated when the invoice is created, and the platform uses live accounting data to price risk and predicts outcomes using machine learning (ML). Aprila Bank is connected to SMEs through partnership agreements with leading cloud-based ERP and accounting system providers to offer SME financing. As of the end of 2019 , it had over 800 SME customers. Aprila Bank is one of the most well-funded fintech in Norway at more than EUR 18 million, according to Dealroom. Exabel Founded in 2016, Exabel is an analytics platform for investment professionals to benefit from alternative data and modern data science tools in their investment process. Exabel’s software-as-a-service (SaaS) platform enables discretionary managers to complement their fundamental strategies with more data-driven techniques. The platform features solutions for hypothesis analysis, predictive modeling, and backtesting for investment assistance. It offers data evaluation, analysis, data reporting, and insights for portfolio management. In 2020, Exabel grew its customer base by 5x, and built and launched its first commercial partnerships. The startup has raised more than US$21 million in funding, the latest round being in March 2021. Settle Group Founded in 2010, Settle Group is an European mobile payment leader providing products and services for the retail and corporate markets. The company’s platform handles all types of use cases and funding sources, ranging from cards, prepaid to direct to account access, making it easier for people and businesses to pay and get paid. With the Settle app, people can send, receive and manage money instantly from their phone. With Settle for Business, a suite of self-service payment and commerce tools, and the Settle API, any business can accept digital payments, in any situation, without relying on hardware. Settle is available in 22 markets in the European Economic Area (EAA) and is delivered on a collaborative partnering model through trusted local brands. Last year, the startup raised funding in two deals and continued expanding in EU . Neonomics Neonomics , formerly Bankbridge, provides an open banking platform that, which, among other things, aggregates PSD2/open banking APIs from banks. The platform offers access to identity data, balance, transaction history and fund coverage, payment initiation, payment details query and payment status, enabling banks to easily and securely deploy financial innovations. Neonomics is connected to more than 2,000 banks across Europe, and has close to 100% live fully operational coverage across the Nordics. Over the past year, it has inked partnerships with the likes of Experian, Bankify and Lendonomy. The startup has raised more than US$2 million in funding so far, according to PitchBook. ZTL Payment Solution Founded in 2018, ZTL Payment Solution has developed a business-to-business (B2B) payment platform as an alternative to the banks’ transactional banking services, corporate payments and remittances. The solution can be integrated into enterprise resource planning (ERP) systems, banks and other fintech’s via an API providing a customized payment solution. In April 2020, the company received a license from the Financial Supervisory Authority from Norway, and was granted PSD2 licenses for payment initiation and account information. ZLT Payment Solution also landed three seed funding rounds last year, totaling around EUR 5 million, according to Crunchbase. Tjommi Founded in 2018, Tjommi is an app that collects user’s receipts and automatically tracks and price-matches the products. The user can manually scan and upload their receipts or have it automatically uploaded from their email. The app registers the products in their database, and refunds are then given to the user if the price drops. Everything is done through automated communication with the store, and Tjommi takes a commission fee of 25% of the difference they are able to save the user. Presently, Tjommi has over 30,000 downloads in Norway. The startup was recently named one of 24 emerging Nordic fintechs to watch out for by Copenhagen Fintech and Innovation Lab Asia. Subscribe to the most important Fintechnews in Estonia, Lithuania and Latvia. Advertisement

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Aprila Bank

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Aprila Bank in 1 CB Insights research brief, most recently on Sep 22, 2020.

Expert Collections containing Aprila Bank

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Aprila Bank is included in 6 Expert Collections, including Banking.

B

Banking

640 items

D

Digital Lending

1,123 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

S

SMB Fintech

1,073 items

F

Fintech

10,750 items

Excludes US-based companies

C

Challenger Banks

205 items

Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.

Aprila Bank Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Aprila Bank Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.