Empowering Banks and Fintechs to Drive Innovation in Lending and Credit Scoring

Stockholm, 6 th March 2025 – Zwapgrid, a leading Open Accounting data integration platform, is excited to announce its strategic partnership with Aura Cloud, a next-gen core banking platform provider. This collaboration enables banks and fintech companies to seamlessly access their customers' accounting data, transforming how financial services are delivered to SMEs and unlocking new opportunities in data-driven lending and credit scoring.

By combining Zwapgrid’s expertise in accounting data access with Aura Cloud’s powerful API-first core banking platform, this partnership offers a unique value proposition to financial institutions. Banks and fintechs can retrieve and use crucial financial data - such as sales invoices, supplier invoices, journals, trial balances, and more through Zwapgrid’s streamlined system directly on Aura core banking platform, making account data usage faster, more reliable, and more accessible than ever before.

Driving Agility and Innovation in SME Banking

Aura Cloud’s cloud-native platform powers ambitious financial institutions with the speed, efficiency, and scalability required to stay competitive in the rapidly evolving financial landscape. With an API-first design and a comprehensive suite of functionalities, Aura Cloud enables financial services providers to launch products at lightning speed and seamlessly integrate with key ecosystem players.

This partnership with Aura Cloud strengthens our shared mission to enable financial institutions with seamless access to real-time, standardized invoice and accounting data.

says Leo Berghald, Founder and CEO of Zwapgrid.

For banks and fintechs, this means more tailored lending products, accounting data-enhanced credit scoring, and ultimately, a better ability to serve their customers with precision and agility.

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Prem Bhagwat, CEO of Aura Cloud, expressed his enthusiasm for the partnership, noting:

We are thrilled to collaborate with Zwapgrid to further enhance Aura Cloud’s SME banking capabilities. This integration is a significant step forward in providing banks with simple and secure access to accounting data. It will drive innovation in lending services, improve accuracy in credit scoring, and help financial institutions better serve their SME customers. This partnership marks the next chapter after the evolution of open banking, and we see it as a key addition to our expanding ecosystem across Northern Europe and beyond.

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About Zwapgrid

Zwapgrid is revolutionizing how businesses share and integrate financial data. Our API turns complex system integrations into a seamless, self-serve experience, empowering SaaS providers, fintechs, and banks to scale faster while cutting operational costs. As AI fuels the need for accurate, real-time data, Zwapgrid is uniquely positioned to lead this transformation. For more information, visit Zwapgrid website and LinkedIn page.

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About Aura Cloud

Aura Cloud AB provides a next generation core banking SaaS platform for ambitious banks and fintechs. The cloud-native and cloud-agnostic Aura platform is API-first and has the broadest functionality available to power innovative financial services. Aura has a range of different modules for Loans/Credits, Accounts/Deposits, Cards, Payments, Factoring, P2P, Loyalty and Rewards with full support for multi-currency, multi-entity setups and international expansion. Aura enables efficient operation, hyper flexible, fast implementation and integration thus providing fast ROI. Aura core comes now with weekly releases. Aura is ISO 27001 and ISO 9001 certified.

For more information, visit Aura Cloud website and LinkedIn page.

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Media contacts

Leo Berghald Zwapgrid, CEO & Founder

Tel: +46 708 580 110

E-mail: leo@zwapgrid.com

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Tommi Lassila

Aura Cloud AB, Expansion & Partnerships

Tel: +358 50 300 5898

E-mail: tommi@auracloud.com

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