The investment boosts the company’s valuation to more than $114 million. Ohpen will use the funding to grow the company geographically, specifically to the U.K. where the company recently opened a new office. Ohpen received approval from the U.K. Financial Conduct Authority in January. In a press release, Ohpen founder and CEO Chris Zadeh said, “The first step, back in 2009, was to actually develop a whole new core banking engine and offering it as SaaS using cloud technology,” Zadeh added, “The second step was to get a client and create a strong home base. After becoming the number one player in our home market, we knew it was time to enter new markets and truly scale up the company.”

http://finovate.com/ohpen-garners-17-million-investment/