NPM Capital Acquires 35% Stake In Ohpen


18-04-2019

"...one of the most promising technology companies that we have seen in the past few years."

Amsterdam, April 18, 2019: First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre “het HEM” in Zaandam.
Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other financial institutions.

Rutger Ruigrok, managing director at NPM Capital explains: “The technology sector is an increasingly important focus point in our investment portfolio. Already, we have had Ohpen in sight as one of the most promising technology companies that we have seen in the past few years. We are impressed with their achievements over the past ten years: a cloud native core banking engine, an impressive customer base and a wonderful foundation for further growth. We are very enthusiastic about now being part of their future.”

Having the new shareholder on board means a broadening of our options to finance future growth, although Ohpen can still advance with the growth capital that we raised early 2018, says Matthijs Aler, CEO of Ohpen. “With Amerborgh and now also with NPM, we have a well-balanced long-term shareholder structure that enables Ohpen to realize all of its future growth ambitions. I am really looking forward to working with the NPM team.”

Ohpen is the world’s first cloud native core banking provider and became a market leader in the Dutch midsize banking market over the past few years. In the near future, Ohpen will extend its services to large banks and the pension market.

Michel Vrolijk, managing director at Amerborgh Netherlands is happy with the fact that the company decided to invest in Ohpen ten years ago. “Our expectations at the time have always been exceeded. We hope to be a partner of Ohpen’s incredible adventure for a long time to come.”

About Ohpen

Ohpen is the first SaaS core banking engine in the world that runs entirely in the cloud. Ohpen liberates its customers from their legacy systems, making them more flexible, safe, scalable and compliant. Founded in 2009 by a team of experienced bankers and software developers, the Ohpen platform administers savings and investment accounts for clients such as Aegon, Nationale-Nederlanden, Volksbank and other banks, investment institutions and insurers. The company employs over 120 people in the Netherlands and Spain.

About NPM Capital

NPM Capital supplies risk capital to medium to large-sized Benelux companies that focus on long-term value creation. Following from its ambition to be socially relevant, NPM Capital aims to respond with investments to long-term trends such as wellbeing, resource scarcity and the rise of technology. Being a part of SHV, NPM Capital has a flexible investment horizon and ample supply of capital, which allows it to focus on supporting the long-term value creation of its portfolio companies. The portfolio includes 26 participations.

About Amerborgh

Amerborgh is a management company, investing in financial services, software development, hotel management, and property development. Amerborgh also supports and develops a variety of cultural projects and activities.