Accounting app Binderr has tapped into Nordigen’s freemium open banking platform to gain account information for their client operations.
Binderr is a Malta-based business finance and automated accounting platform, created with freelancers and SMEs in mind. Binderr opts for simplified processes and options that save time for their clients, such as quick invoice creation, expense reports updated with photographed receipts and clear real-time financial insights. The platform also boasts an innovative tax system, with automatic updates to VAT and income tax returns with every transaction.
“The main objective of our platform is to create a solution for business owners and freelancers that removes accounting worries and automates the process instead. This way entrepreneurs can focus on their ideas, growth and development, rather than performing a repetitive process that can be performed through our algorithms, technology and Nordigen’s APIs,'' explains Jacob Appel, CEO of Binderr.
Nordigen enables Binderr to perform automated accounting procedures by providing an interface whereby client's data is safely sourced from their bank account and communicated securely to the platform. This information includes transactions, as well as all surrounding information in relation to dates, names and context.
“Binderr has created a way to adjust the usual accounting process into a simplified task for busy business owners and self-employed individuals. The priority here is saving time and removing the necessity for manual input. We’re delighted that Nordigen is able to support Binderr on their journey to easier budgeting with real-time financial data.” noted Rolands Mesters, co-founder and CEO of Nordigen.