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Pelrio chooses Nordigen as their open banking provider

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RIGA, Latvia (October 4, 2022)Pelrio has opted for Nordigen to deliver bank balance and transaction data straight to their platform. 

Pelrio is a simple cash-flow management tool launched by Promise Uzoechi and Sebastiano Valentini in Brescia, Italy that utilises artificial intelligence to provide real-time analysis, dynamic forecasts and expense control for small business owners.

Pelrio was created out of the founders belief  that entrepreneurs should spend less time dealing with challenging business finances. This cash-flow management platform’s goal is to help business owners handle their daily complex finances and company concerns more efficiently without having to rely on paper and pen, spreadsheets, or intuition.

“The manual process of managing cash flow is a complex time-consuming headache for small business owners which is why our solution focuses on automation and simplicity to provide data-driven insights to our customers and we are able to achieve this goal through the partnership with Nordigen. We are pleased with Nordigen’s clear documentation and seamless integration journey that enabled our customers to access real-time transactional data,” says Promise Uzoechi, the CEO & co-founder of Pelrio.

The partnership with Nordigen allows Pelrio to connect directly to clients’ bank accounts to transfer essential financial information to the platform and simplify payments, reconciliations, and transaction tracking.  “We are always excited to work with innovators in the industry, such as Pelrio, and to offer them secure open banking API connections to facilitate their processes. Open banking has established itself as a core aspect of modern financial services and is continuing to enhance a variety of procedures spanning across all user-facing solutions,” explains Rolands Mesters, co-founder and CEO of Nordigen.

About Nordigen

Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Nordigen’s free API connects to more than 2,300 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.

About Pelrio

Pelrio is a simple cash-flow management tool that utilises artificial intelligence to provide real-time analysis, forecasts and expense control for small business owners. It was launched in 2022 by Promise Uzoechi and Sebastiano Valentini in Brescia, Italy and is currently in its Beta phase. It was created by the founders due to them feeling that entrepreneurs should not have to spend too much time on dealing with challenging business finances. With this cash-flow management platform their goal is to help entrepreneurs handle their daily complex finances and company concerns more efficiently without having to rely on paper and pen, spreadsheets, or intuition.

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