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Ohpen secures new financing for expansion

Category:
Everything is digital

Date:
3 September 2021

NPM participation Ohpen, provider of a software-as-a-service (saas) platform for banks, insurers, investment companies, real estate investors and pension funds, has recently secured thirty million euros of new financing from Deutsche Bank. The growth capital will be used to continue expanding in markets such as the United Kingdom and to further develop the platform's functionalities.

According to CFO Douwe Bijl, the new financing allows Ohpen to realise its strategic goal of becoming a prominent international player in the digitalisation of financial services. He notes that the global market for banking IT is estimated at some 300 billion dollars, and that existing financial institutions are investing heavily into the modernisation of their IT systems to meet the demands of clients, shareholders and regulators. “Thanks to this new round of financing, we will be able to push forward with our internationalisation, accelerate our innovation roadmap and conquer a larger share of this lucrative market”, Bijl said.

Ohpen previously strengthened its position through the acquisition of fintech company Davinci, the nomination of Leni Boeren as new Supervisory Board member, and by recruiting banking veteran Jerry Mulle as Ohpen UK's Managing Director.

Read more: Digital banking services provider Ohpen selects Aspire Systems as implementation partner