NPM Capital acquires 35% stake in Dutch fintech Ohpen
NPM Capital has acquired a 35% stake in Ohpen, the world’s first Software-as-a-Service (Saas) cloud-native core banking provider, Jane Connolly reports.
First and long-time investor Amerborgh sold part of its stake to NPM Capital in order to finance other projects, such as the arts and culture centre ‘het HEM’ in Zaandam.
Ohpen has become a leader in the Dutch midsize banking market, with its platform that administers retail investment and savings accounts for banks and other financial institutions. The Dutch fintech now has ambitions to extend its services to large banks and the pension market.
Rutger Ruigrok, NPM Capital managing director, says the technology sector is becoming increasingly important to the company.
“Already, we have had Ohpen in sight as one of the most promising technology companies that we have seen in the past few years,” he adds. “We are impressed with their achievements over the past ten years: a cloud-native core banking engine, an impressive customer base and a wonderful foundation for further growth. We are very enthusiastic about now being part of their future.”
Matthijs Aler, CEO of Ohpen, says the fintech can advance with the growth capital raised in early 2018, but the new shareholder will broaden options to finance future growth.