Dutch private equity firm NPM Capital has acquired a 35 stake in Amsterdam-based fintech startup Ohpen from the company’s first investor Amerborgh for an undisclosed amount.

Founded in 2009, Ohpen is a cloud-based banking engine that claims to be “a market leader in the Dutch midsize banking market.” The company plans to extend its offering in the near future to target large banks and the pension market.

Ohpen has raised a total of €40 million in funding so far, and the company’s CEO Matthijs Aler noted that it “can still advance with the growth capital [of €25 million] that we raised early 2018.”

Image credit: Jakub Gorajek on Unsplash

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