NoCFO Taps Salt Edge to Deliver in-App ‘Pay by Bank’ for SMEs in Finland and Germany

NoCFO Taps Salt Edge to Deliver in-App ‘Pay by Bank’ for SMEs in Finland and Germany

NoCFO, an AI-native monetary administration platform, has partnered with open banking options supplier Salt Edge to combine direct fee initiation capabilities into its ecosystem. The collaboration brings “Pay by Bank” performance to entrepreneurs and small companies, eliminating the want to change between different purposes to full monetary workflows.

Building an all-in-one command centre

Teemu Karuluoto, CEO and co-founder at NoCFO

Founded in 2020 in Espoo, Finland, NoCFO was constructed with an automation-first strategy to serve founder-led corporations and small enterprise homeowners. The platform goals to automate accounting, invoicing, bills, and monetary reporting, giving entrepreneurs again the time they want to concentrate on constructing their companies instead of managing monetary administration.

To obtain its purpose of changing into an all-in-one monetary command centre, NoCFO required seamless and compliant financial institution connectivity. By embedding Salt Edge’s Pay by Bank answer, NoCFO customers can now deal with the whole means of approving and paying invoices instantly within the app. The platform contains a signature “swipe to approve” interface, designed to make enterprise transactions as easy as utilizing a consumer-grade application.

Teemu Karuluoto, CEO and co-founder at NoCFO, explained the impression of the integration: “Our vision has always been to build a platform where entrepreneurs can manage their entire financial life without constant context switching between apps. With Salt Edge’s payment initiation, we’re making that vision real. Our users can now approve and pay invoices, track cash flow, and handle their bookkeeping all in one place. They hardly need to log in to their bank anymore. That’s the kind of simplicity small business owners deserve.”

Strategic expansion into Germany

Virgiliu Bodrug, pay by financial institution knowledgeable at Salt Edge

The Pay by Bank feature is presently live and accessible to more than 3,000 lively NoCFO customers in Finland. However, the partnership is also performing as a key enabler for the company’s strategic expansion into the German market, which is scheduled for 2026.

Salt Edge was chosen to help this expansion due to its strong Payment Services Directive 2 (PSD2) coverage, which connects to over 2,700 European establishments. This broad attain ensures strong performance and compliance in each the Finnish and German key markets.

Virgiliu Bodrug, Pay by Bank knowledgeable at Salt Edge, commented on the collaboration: “The collaboration with NoCFO exemplifies the power of open banking to deliver tangible value and simplicity to small businesses. By embedding our Pay by Bank solution, NoCFO is closing the loop on the financial administration process, allowing entrepreneurs to stay within their core platform, maximise automation, and dramatically improve efficiency. We are proud to support their growth and their upcoming expansion into Germany.”

Salt Edge presently integrates with over 5,000 monetary establishments across more than 50 international locations, using high worldwide safety requirements as an ISO 27001 licensed and AISP licensed supplier.

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