Endavu taps Neonomics to scale investment app via open banking

By Gloria Methri

Open Banking platform Neonomics and Endavu, the Denmark-based investment platform, have partnered to streamline the process for users to fund their investment accounts. This collaboration aims to enhance accessibility, allowing users to invest in over 50,000 different stocks and ETFs across more than 25 different markets seamlessly.

Built by entrepreneurs with extensive experience in FinTech, Endavu aims to make investing more accessible and straightforward for everyone.

Endavu empowers users to explore the portfolios and strategies of like-minded investors, thus making investing both inclusive and social. Additionally, it has built a vast universe of thematic stock collections to help people identify investment opportunities based on their interests and beliefs, making it easier to get started, set, and follow financial goals.

Martin Roland Knudsen, CEO and Founder of Endavu, said, “We have a unique advantage in that we have built our core investment infrastructure with the latest technologies. We designed our platform with simplicity in mind, aiming to maximize the amount of our users’ funds directly contributed to growing their assets rather than being bogged down by high processing or hidden fees commonly seen in the investment world. That’s also why we partnered with Neonomics, to enable a seamless funding experience for our users as well as a cost-efficient set-up. In roughly two months, more than 70% of our users now use Neonomics as the preferred way of funding their investment account.”

Account-to-account payments offer unparalleled efficiency in cost and settlement time, enabling Endavu to deliver enriched services to its end users securely and stably.

Commenting on the partnership for Neonomics, CEO and Founder Christoffer Andvig said, “Today, we are seeing a surge in the number of people entering the investment landscape. However, this influx also increases awareness among consumers about the costs involved, which has become a major pain point across the industry. By introducing more cost-efficient ways to move money, we see a tremendous opportunity to reshape the ecosystem through open banking, and we are excited to support Endavu’s growth journey.”