Five degrees scores EUR10 million investment
29 November 2016 | 3239 views | 0
Source: Five Degrees
Five Degrees, a fintech leader delivering next generation financial technology for digital banking, has taken an important step forward in its growth strategy with an investment of € 10 million.
This investment is from a new investor Karmijn Kapitaal and from existing shareholders 5Square and Velocity Capital.
This new round of investment will enable Five Degrees to further implement its growth strategy focusing on product development and international expansion. Earlier this year, Five Degrees was elected as one of the top 50 FinTech game changers in Europe. The company provides a unique digital platform, Matrix, to banks with ambitions to enter the rapidly evolving world of digital banking. Five Degrees has been recognized by Gartner as one of the potential global leaders in technology for digital banking.
Martijn Hohmann, CEO Five Degrees, "For us, Karmijn Kapitaal is more than just a new shareholder. Their investment is a sign of trust in our belief that delivering top technology is about people and creating an environment that is about unconventional thinking brought to perfection.”
Karmijn Kapitaal will hold a minority stake in Five Degrees. Hadewych Cels, partner of Karmijn Kapitaal, “We see Five Degrees as a winner in FinTech and as an unique opportunity to broaden our portfolio. In addition we found that the co-operation with the Five Degrees team is very good and based on respectful relationships. We think this is a premise for success. We are looking forward to support the company reaching its objectives and shine even more.”