Announced
Completed
Financials
Sources
Tags
Private Equity
Majority
mortgage
Private
Mortgage Finance
Acquisition
Friendly
Single Bidder
software as a service
Completed
Netherlands
Domestic
Synopsis
NPM Capital-backed Ohpen, a fintech platform to bring a bank to the cloud, completed the acquisition of Davinci, a cross-border loan and mortgages Software as a Service (SaaS) provider. Financial terms were not disclosed. “Businesses like Ohpen and Davinci are the unsung heroes propelling the real shift to digital in the financial services industry. We are a growing company with huge ambitions. Together, we intend to lead the charge in directly challenging incumbent providers with outdated technology. Our mission is – and always has been – to set financial institutions free from legacy software. Now we can help a broader range of financial institutions deliver tangible change to meet the needs of tomorrow’s customers," Matthijs Aler, Ohpen CEO.
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