Noda has partnered with Pats.lv to bring instant invoice payments to over 20,000 users, helping freelancers and small businesses tackle late payments and cash-flow issues.
Quick Summary – TLDR:
- Noda leads a partnership with Pats.lv to bring pay-by-bank invoicing to 20,000+ users.
- Enables faster payments and reduced transaction fees for SMBs and freelancers.
- Integration cuts card fees, eliminates manual reconciliation, and addresses late-payment delays.
- Positions Noda as a key Open Banking player supporting financial automation across Europe.
What Happened?
Noda, a global Open Banking platform, has partnered with Pats.lv, a leading Latvian accounting tool, to launch instant invoice payments for more than 20,000 self-employed professionals and small businesses. This collaboration allows Pats.lv users to send invoices that customers can pay instantly via a single-click bank transfer or QR code, simplifying payments and improving cash flow.
The partnership addresses one of the biggest challenges in Europe’s freelance and SMB economy: late payments.
Noda Takes the Lead in Tackling Late Payments
At the heart of this initiative is Noda’s pay-by-bank solution, which is now integrated directly into Pats.lv invoices. This technology allows customers to complete payments without needing card terminals, merchant accounts, or manual processing.
Key industry pain points being addressed include:
- 43 percent of invoices are paid late.
- 1 in 5 freelancers face ongoing cash-flow issues.
- Card transaction fees as high as 3.5 percent.
- Slow bank transfers with manual reconciliation.
By embedding Noda’s platform, Pats.lv users gain:
- Instant fund settlement.
- Reduced fees and no chargebacks.
- High payment acceptance across 2,000+ banks in 30 European countries.
This makes it easier for small businesses to operate smoothly and efficiently.
Supporting Europe’s Digital Financial Future
With this move, Noda showcases how Open Banking can transform daily business workflows. The partnership not only enhances payment speed but also enables automated accounting workflows, positioning both companies to support Europe’s growing community of freelancers and micro-businesses.
Lasma Kuhtarska, co-founder of Noda said:
She added that users can reduce fees by up to 3.5 percent and avoid 20 percent of late payment-related cash-flow problems. All Pats.lv Premium subscribers now get access to pay-by-bank completely free, unlocking seamless payments for even the smallest business operators.
A Scalable Solution for a Changing Workforce
Freelancers and small businesses are growing across Europe, and they need tools that match the pace of modern work. With 99 percent of EU companies classified as small or micro-sized and nearly half the workforce depending on them, financial automation is essential.
For the SMBs and freelancers Pats.lv targets, faster settlement only solves half the problem. The document the customer receives still has to look professional and consistent, which is why many small operators pair tools like this with a ready-made receipt template from a service such as Zintego.com for every transaction.
This partnership reflects:
- Noda’s leadership in Open Banking infrastructure.
- An integrated solution for invoicing, payments, and reconciliation.
- Support for the expanding self-employed and flexible work economy.
The executive board of Pats.lv Stated:
SQ Magazine’s Takeaway
Let me say it plainly. This is a powerful move by Noda. They’re stepping up with real solutions for real business pain points. Freelancers and small businesses can’t afford to wait days for payments or lose income to bloated card fees. By leading this partnership with Pats.lv, Noda is proving that Open Banking is not just a buzzword. It is a practical, affordable fix to Europe’s cash-flow crunch. If you’re self-employed, this is the kind of innovation you should be watching.
