Helsinki – Two leading cash management providers have joined forces to form a new company. OpusCapita and Analyste have merged to create Nomentia – a Nordic powerhouse for global cash management.
“This is a natural step in our journey. Combining forces will improve our offering to our customers, increase our capacity, speed up innovation, and enable us to offer solutions to our customers on a global scale”, says Mikko Soirola, the CEO of Nomentia.
The new company is owned by Providence Strategic Growth (‘PSG’), and Verdane – a North European growth equity investor – will own a minority stake alongside the companies’ management teams. The merger was announced on June 29, 2020.
While the name is new, the companies are not. Founded in the mid 1980s, OpusCapita and Analyste have brought cutting edge Nordic Fintech to the world for over 35 years. Nomentia has a strong heritage of innovation and trust with an average customer lifecycle of over 11 years.
“Our passion is to modernise payment automation and cash management processes and provide clients with the best solutions and tools. We will be able to combine best practices from both companies and create an extensive pool of experience from over 2.300 customers, which will allow for much wider best practice sharing”, says Mikko Soirola.
“We are proud of our Nordic heritage and innovation that we have continuously delivered to the cash management community for over 35 years. Our new brand and visual identity are a salute to our roots, while demonstrating that we have the courage and ambition to be different. From this moment, the name Nomentia shall stand for the Nordic powerhouse for global cash management. We combine best-of-breed solutions from both OpusCapita and Analyste in our cash management portfolio and are looking forward to take this to the world”, states Jukka Sallinen, Deputy CEO Nomentia.