NPM Capital backs fintech company Ohpen

Unquote understands that the company has an equity value of more than €100m.

Amerborgh retained a stake of between 35-40% in the business, while the remaining minority holding is controlled by the company's management and employees, Unquote understands.

Ohpen plans to further consolidate its market position, boost its growth both organically and through new acquisitions – primarily in continental Europe and the UK – and extend its services to larger banks and pension funds.

Previous funding
Following a series-A round of an undisclosed amount raised from Amerborgh in 2009, the company received €15m in series-B funding in July 2017 and €25m in series-C funding in February 2018, both from Amerborgh.

Company
Founded in 2009, Ohpen provides a cloud-based banking platform able to manage retail investment and savings accounts for banks and other financial institutions. The company's client base includes several Dutch and international companies such as Robeco, De Volksbank and Aegon.

Ohpen is headquartered in Amsterdam, with operations in the UK and Spain, and employs 120 staff.

People
NPM Capital – Rutger Ruigrok (managing director).
Amerborgh Netherlands – Michel Vrolijk (managing director).
Ohpen – Matthijs Aler (CEO).

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• Topics
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