Core banking platform provider Ohpen announced this week that NPM Capital has acquired a 35% stake in the company.
This news comes after Ohpen’s first investor, Amerborgh, sold its stake in the company to NPM Capital in order to free up capital to finance future projects.
Rutger Ruigrok, Managing Director at NPM Capital, described Ohpen as “one of the most promising technology companies that we have seen in the past few years.” He continued, “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.”
Having a new shareholder on board, Ohpen CEO Matthijs Aler explained, broadens the company’s options to finance future growth. “With Amerborgh and now also with NPM, we have a well-balanced long-term shareholder structure that enables Ohpen to realize all of its future growth ambitions. I am really looking forward to working with the NPM team,” he said.
Founded in 2009, Ohpen offers a cloud-based core banking API that gives banks a different option from legacy systems. At FinovateFall 2012, the company explained its multilingual cloud banking platform. In December of last year, Ohpen launched its new API portal.
With 120 employees across the Netherlands and Spain, Ohpen has raised $45 million. Matthijs Aler joined the company earlier this year as CEO.
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