Neonomics boosts UK expansion with acquisition of open banking payments fintech Ordo
Norwegian fintech Neonomics has snapped up London-based open banking payments firm Ordo for an undisclosed sum as it looks to accelerate its expansion in the UK.

Neonomics acquires UK-based Ordo for an undisclosed sum
Founded in 2018 and regulated by the FCA, Ordo offers an open banking payments and data platform providing services for variable recurring payments (VRP), refunds, payouts, billing and invoicing, e-commerce, point-of-sale, and more.
Neonomics says the acquisition forms part of its strategy to capitalise on the growing adoption of account-to-account (A2A) payments in the region, with Ordo serving as a “strategic partner” to enable the company to “expand its ability to offer services in the UK and beyond”.
“This acquisition strengthens our commercialisation strategy and time to market while expanding our product offering,” says Christoffer Andvig, founder and CEO of Neonomics, who adds that the Ordo team “represents some of the most experienced payments experts in the UK”.
Neonomics, headquartered in Oslo, offers open banking-powered account information and payment initiation services to clients across Europe, including Facit Bank and Kameo.
Last month, the company filed a formal complaint to the Norwegian Competition Authority over alleged “anti-competitive practices” in Norway’s payments market.