Salt Edge and NoCFO to Bring Pay by Bank to Entrepreneurs in Finland and Germany

NoCFO, the AI-native financial management platform built to eliminate the manual burden of financial administration for entrepreneurs and small businesses, partners with Salt Edge, a leading open banking solutions provider. The collaboration integrates Salt Edge’s payment initiation capabilities directly into the NoCFO platform, transforming the user experience by enabling complete financial workflows, including Pay by Bank, without users having to leave the app.

NoCFO’s mission is to give entrepreneurs back the time they need to focus on building their businesses, not managing financial administration. Launched in 2023, the platform was built from the ground up with an automation-first approach, serving founder-led companies and small business owners who manage their own finances or don’t yet have the resources for a dedicated finance team or CFO, but still expect the simplicity and clarity of a consumer-grade app for handling complex business finances.

An all-in-one command centre for entrepreneurs

For NoCFO, achieving the vision of becoming an all-in-one financial command centre required seamless, compliant bank connectivity. Through Salt Edge’s 

Pay by Bank, NoCFO users can now handle the entire process of approving and paying invoices directly within the NoCFO app, without constantly switching between platforms.

Teemu Karuluoto, CEO & Co-founder at NoCFO said: “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.”

Radical simplicity and strategic expansion

The integration underscores NoCFO’s commitment to radical simplicity and automation. The platform’s signature “swipe to approve” interface lets users complete transactions as effortlessly as using a consumer app. Salt Edge complements this AI-native approach by providing reliable, real-time connectivity for fast, secure payment processing.

Furthermore, the partnership is a key enabler for NoCFO’s strategic expansion. Currently serving close to 3000 active customers in Finland, NoCFO is set to expand into the German market in 2026. Salt Edge’s strong, comprehensive 

PSD2 coverage across 2,700+ European institutions, particularly in Finland and Germany, was a critical factor in the selection, ensuring compliance and robust functionality in both key markets.

Virgiliu Bodrug, Pay by Bank Expert at Salt Edge said: “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.”