Younium replaced manual payment imports with one API. Now their SaaS customers get automated bank settlement across every Scandinavian bank without leaving the bank they already use.
We chose Aritma because of their competent API. We made a screening of the market, and at that point you had the biggest coverage and were the most solution-friendly to speak with.
Younium is a Swedish subscription management platform for SaaS and tech companies. Their software helps recurring-revenue businesses manage subscriptions, invoicing, and reporting in one place giving finance teams the KPIs they need to scale.
Manual payment imports were not a sufficient answer for SaaS customers trying to automate their invoicing across the Scandinavian market.
Aritma's API delivers structured JSON payment data from every Scandinavian bank, matched to invoices automatically inside Younium.
Younium helps SaaS and tech companies run subscription-based business models, covering everything from subscription management to invoicing and the KPIs that finance teams rely on. For their customers, automation is the whole point.
But there was a gap in the Scandinavian market. Younium customers expected automatic bank settlement: payments coming in, matched against invoices, posted without anyone touching a file. Younium did not have an automated solution for that flow.
– Before Aritma we relied on manual input. Even though it worked, it wasn't really a sufficient answer when customers try to automate as much as possible of their invoicing process, says Viktor Falk Jimenez, Senior Project Manager at Younium.
Building direct integrations to every Scandinavian bank was not realistic. Younium needed a partner that already had the coverage and could deliver the payment data in a format their system could actually use.
Younium chose Aritma after running a market screening across open banking providers. The combination that won out: the broadest Nordic bank coverage, a competent API, and a team that was responsive and solution-oriented from the first conversation.
– We chose Aritma because of their competent API. We made a screening of the market, and at that point you had the biggest coverage and were the most solution-friendly to speak with, says Viktor Falk Jimenez, Senior Project Manager at Younium.
With Aritma's API Platform embedded in Younium, incoming payments are fetched directly from every Scandinavian bank and delivered as structured JSON. That data flows straight into Younium's invoicing engine, where payments are matched to invoices automatically and the bank settlement appears inside the system Younium's customers already use.
The shift goes beyond automation. Younium gained a technical partner with deep banking expertise.
– With Aritma we both get the automation, the service that we sell, but we also get a partner to discuss and figure these things out. Aritma has been very generous to provide their expertise of banking exports and APIs to help us build the best solution with the data they provide, Falk Jimenez explains.
For Younium's customers, the change is concrete. With one click, they fetch the latest payments from their bank account, match them against sent invoices, and complete the settlement automatically inside Younium.
– For our customers it means they can automatically get what they expect: automatic bank settlement into their invoicing system, Falk Jimenez says.
Three benefits stand out for Younium internally. First, full automation of the Scandinavian payment flow. Second, the end of manual payment file imports. Third, a banking and API partner to lean on for the technical questions that come up in a field as broad as fintech.
Asked what he would tell another company weighing whether to build bank connectivity in-house, Falk Jimenez is direct.
– If you are on the fence, you might think you have it all nailed out. Talk to the Aritma guys and they can help you set up something you didn't know. The banking world, with all these different camt files and incoming payments, is tricky. You don't want to figure everything out yourself. You want someone telling you: this is what you need. That will save you a lot of time and implementation cost. Talk to the experts, he says.
Ready to automate your payment operations like Younium? Discover the power of the Aritma API Platform for your business. Contact our sales team today and start your journey towards seamless banking integration.
Are you interested in what Aritma can do for you? Contact us to schedule a free demo!
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