Ohpen, an Amsterdam, The Netherlands-based provider of SaaS cloud-based core banking solutions, closed a €25m Series C financing round.
Private equity firm Amerborgh made the investment, which brings the total amount raised by the company to $40m.
Ohpen will use the funds to build a team in the third-party market and further develop the platform with country-specific requirements. The company is studying potential countries for its third party base and has identified Germany, France, Canada, Australia and the United States of America as candidates. and will announce its final decision in the first half of 2018.
Founded in 2009 by Chris Zadeh, founder, Ohpen leverages its banking software to provide outsourcing services and SaaS solutions to financial service providers, such as banks, insurance companies and asset managers.
The company has offices in the Netherlands, the United Kingdom and Spain where it employs more than 150 people.
In 2017, Ohpen more than doubled its workforce and revenues, announcing large-scale cooperation with Aegon and Volksbank.