Neonomics secures $4m after cutting its operating cost base
Existing shareholders are backing the Norwegian open finance provider following a refocus that the company says reduced costs by almost half while retaining its customers.
A leaner business shifts toward data intelligence
Neonomics reports more than 60% growth in new customer acquisition since the start of 2026, alongside demand across payments and financial data. It has not disclosed the investors’ names or the financing instrument.
Chief executive Alfonso Muñoz is positioning the business to earn more from structuring and interpreting financial information, beyond providing access to bank accounts. For software companies building financial workflows, that means using the information obtained through a bank connection to support a decision or complete a task. The financing follows the operational restructuring rather than the launch of a new company.
Use of funds
Scale the payments and financial data businesses, including services for personal finance, accounting and ERP workflows.