Amsterdam based cloud-based core banking platform Ohpen has raised a €25m Series C round from Amerborgh, after raising a €17m Series B in July 2017.
Founded in 2008 by CEO Chris Zadeh Ophen enables the banking industry to switch from their on-premise legacy IT infrastructure to a cloud-based state of the art financial services infrastructure. The company’s ‘banking engine’ is designed to allow banks and other financial services firms to plug into a secure, cloud-based administration factory. The company claims that it technology enables its clients to reduce cost by up to 40 %.