After acquiring the SaaS provider, fintech has its sights on growth and international expansion.
Image source: Ohpen and Davinci
Cloud Banking Fintech Ohpen has acquired Software as a Service (SaaS) provider Davinci to expand its product offering and focus its attention on international expansion.
Davinci offers cross-border loans and mortgages using AI and machine learning to make more suitable loans available to customers, saving up to 80 percent in some cases.
With the acquisition, Ohpen will soon be able to offer its customers a comprehensive service and products for savings, investments, loans, mortgages and checking accounts.
Matthijs Aler, CEO of Ohpen, said: “Together we want to lead the indictment and indirectly challenge established providers with outdated technology. Our mission was and is to free financial institutions from legacy software. ”
“Now we can help a wider range of financial institutions make real change to meet the needs of tomorrow’s customers.”
Ohpen already has more than 20 top financial institutions as customers. With the acquisition of Davinci and the opportunity to offer a more rounded product, Ohpen can expand internationally.
Alwin van Dijk, Director at Davinci, said, “This is the natural next step on our journey together to deliver the full SaaS core banking offering of the future.”
“Offering a full range of products now – will be a market changer. There are many opportunities, not just for current and future customers, but also for our experienced staff, and we are excited to see what the future holds. ”
Ohpen now manages 100 billion euros in assets. Both companies together employ over 350 people and generate sales of 35 million euros.
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