Founded in 2009, Ohpen offers a cloud-based core-banking engine that powers savings, investment, mortgage, loan, and pension products for clients including Aegon, Knab, Robeco, Nationale-Nederlanden, BCM Global, CMIS, Volksbank, and LeasePlan Bank. Built by former retail bankers, the company positions its platform as reliable, adaptable, and compliant, aiming to free banks from legacy systems and processes. Ohpen has offices across the UK and the Benelux region and has expanded its product range—acquiring cross-border loans and mortgages SaaS provider Davinci in September 2020 to extend into the mortgage market and apply machine learning and AI to loan processing. Recent leadership and governance moves include the appointment of Leni Boeren to the supervisory board and the hiring of Jerry Mulle as Ohpen UK Managing Director. The company is pursuing internationalisation and an accelerated innovation roadmap to capture growth from the digitalisation of financial services. Ohpen offers a cloud-native, SaaS core banking platform that administers retail investment and savings accounts. Its customers include Aegon, Nationale-Nederlanden and Volksbank, alongside other banks, investment institutions and insurers. The company plans to extend its services to large banks and the pension market. Ohpen is led by CEO Matthijs Aler and employs over 120 people in the Netherlands and Spain. Recently, a minority stake change has affected its ownership structure (see deal details). Ohpen provides SaaS cloud-based core banking software and outsourcing services to financial service providers such as banks, insurance companies and asset managers. Founded in 2009 by Chris Zadeh, the company operates offices in the Netherlands, the United Kingdom and Spain and employs more than 150 people. In 2017 Ohpen more than doubled its workforce and revenues and announced large-scale cooperation deals with Aegon and Volksbank. The company will use the newly raised funds to build a team focused on the third-party market and to further develop its platform with country-specific requirements. Ohpen is evaluating Germany, France, Canada, Australia and the United States as potential locations for its third-party base and planned to announce a final decision in the first half of 2018. The platform and expansion plans are being funded in part through this latest financing. Ohpen provides a cloud-native core banking SaaS platform built to run entirely in the cloud for organizations that administer retail investment and savings accounts. Its target customers include online savings banks, asset managers, retail banks, insurance companies, and pension providers; named clients include Aegon and The Volksbank. The product was developed as a modern, regulatory-approved core banking engine with an MVP in April 2010 and the first live client in 2012. Ohpen charges clients per user, producing predictable costs, and the company says it has a positive P&L. The company is roughly 100 people and is using new funding to accelerate international growth. Recent expansion includes a newly opened London office to support U.K. growth.

Total raised

$81M

Funding rounds

4

Latest round

Equity

Latest activity

Mar 2024