Pats has integrated Noda’s pay-by-bank technology to offer instant invoice payments for the more than 20,000 freelancers and tiny businesses applying its accounting platform. The shift aims to address a persistent issue for Pats’ core utilizer base—delayed and unpredictable cash flow—by enabling customers to complete bank transfers through a single link or QR code with immediate settlement. For Pats, the partnership provides the infrastructure requireded to support utilizers who operate across borders, as Noda’s network connects to over 2,000 banks in 30 European countries. The integration also streamlines payment and reconciliation workflows, aligning with Pats’ broader effort to simplify routine financial tinquires for self-employed professionals.
Pats is a Riga-based accounting and invoicing platform designed for the self-employed, individual entrepreneurs, and tiny businesses. The service provides tools for bookkeeping, expense documentation, invoicing, and preparation of required reports. Pats.lv also supports integrated payment options to support utilizers manage and reconcile their incoming payments.
“This partnership brings unprecedented speed and simplicity to the way our utilizers receive paid,” declared executive board of Pats.lv. “Instant invoice payments solve one of the largegest challenges for the self-employed: delayed and unpredictable cash flow. With Noda, freelancers and SMBs can invoice, receive payments, and reconcile income quicker than ever. It also strengthens our expansion strategy by giving us access to a unified European payments network.”
Noda is a London-based Open Banking platform that provides payment initiation and financial automation tools for online businesses. Its services include pay-by-bank payments, identity verification, and related financial workflows connected to a network of European banks. Noda operates across multiple markets, offering businesses an alternative to card-based payments and traditional transfer methods.
Late payments remain a major challenge for Europe’s freelancers and SMBs, with 43 percent of invoices paid late and one in five self-employed professionals facing cash-flow issues. Traditional payment methods add to the problem, with card fees reaching 3.5 percent and bank transfers requiring manual input and reconciliation. By embedding Noda’s pay-by-bank technology into invoices, the partnership enables Pats.lv 20,000+ utilizers to sfinish invoices that their customers pay with one click, improving payment speed and rerelocating the required for card terminals or merchant accounts.
For Noda, the collaboration demonstrates how Open Banking can better support Europe’s quick-growing self-employment and micro-business sector. Noda’s pay-by-bank payments have lower fees than card networks, no chargeback risk, higher acceptance rates, and instant settlement. With Noda’s network of 2,000+ banks across 30 European countries, Pats.lv gains the infrastructure to expand beyond Latvia and integrate automated accounting workflows with a seamless, low-cost payment initiation system.
“Toreceiveher with Pats.lv and our licensed processing partners in the EU, we are transforming invoicing for thousands of entrepreneurs,” declared Lasma Kuhtarska, co-founder of Noda. “Pay-by-bank is emerging as a more secure and efficient payment method. Our utilizers can reduce transaction fees by up to 3.5 percent, settle funds instantly, and avoid the 20 percent of cash-flow issues cautilized by late payments. And thanks to this collaboration, all Pats.lv Premium subscribers now receive access to pay-by-bank completely free of charge, creating quick, low-cost payments available to even more tiny businesses. This integration demonstrates how Open Banking can reshift friction from everyday workflows and support the growing self-employed and SMB sector across 30 European countries.”
Micro and tiny businesses represent 99 percent of all EU companies and employ nearly half of Europe’s workforce, highlighting the importance of efficient financial operations. As more professionals shift into self-employment and flexible work models, and as digital tools lower the barrier to launching a business, the demand for quick, automated financial processes is rising sharply. Yet late payments, high transaction fees, and slow settlement continue to strain cash flow. Noda addresses this gap by cutting payment costs, speeding up settlement, and giving SMBs and self-employed professionals the liquidity they increasingly depfinish on.
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