Cloud-based core banking engine Ohpen has bagged a €15m Series B funding round led by Amerborgh to boost international growth.
Founded in 2009, Netherlands-based Ohpen is a banking engine created to help improve administration of retail investment and savings accounts. Offerings also include payments, orders, portfolio and audit & risk management services.
Last year the company opened a London office and gained its first UK client, which is due to be implemented later this year.
This funding values the company at €100m, with this new capital being used to aid expansion in the UK and entering new markets.
Chris Zadeh founder and CEO said, “The first step, back in 2009, was to actually develop a whole new core banking engine and offering it as SaaS using cloud technology. The second step was to get a client and create a strong home base. After becoming the number one player in our home market, we knew it was time to enter new markets and truly scale up the company.”
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