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Ohpen acquires mortgage fintech Davinci

Ohpen acquires mortgage fintech Davinci

Dutch fintech Ohpen has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

The acquisition extends Ohpen's core banking product range into the mortgage market, complementing its existing range of plug-and-play products for savings, investments, loans and current accounts.

Davinci deploys machine learning and AI to process and approve mortgage loans.

The combined company will have a headcount of 350 and $35 million revenue

Matthijs Aler, CEO at Ohpen, comments: “ We are a growing company with huge ambitions. Together, we intend to lead the charge in directly challenging incumbent providers with outdated technology.”

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