Backbase Raises €120M in Growth Equity Funding


Backbase, an Amsterdam, The Netherlands-based Engagement Banking Platform provider, raised €120 million in growth equity funding.

Motive Partners made the investment.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Jouk Pleiter, Founder and CEO, Backbase provides a whitelabel Engagement Banking platform that empowers banks and credit unions to digitize their customer-facing operations and create journeys that meet the expectations of today’s digital-savvy customers. Over 150 financial companies around the world have used the platform including Advanzia, Banco Caja Social, Banco de la Nacion Peru, Bank of the Philippine Islands, Berenberg, BNP Paribas, Citizens Bank, ENT, Greater Bank, HDFC, Judo Bank, KeyBank, National Bank of Bahrain, Navy Federal Credit Union, Natwest, Pictet & Cie, Raiffeisen, SchoolFirst Federal Credit Union, Standard Bank, Société Générale, TPBank, Washington State Employee Credit Union and Wildfire Credit Union.

Backbase was founded in 2003 in Amsterdam (global HQ), with regional offices in Atlanta (Americas HQ), Boise, Mexico City, Toronto, London, Cardiff, Dubai, Kraków, Singapore, Sydney and Tokyo.