Image credits: Five Degrees
Deventer, the Netherlands-based Topicus, a provider of vertical market software and platforms, announced on Friday, March 17, that it has acquired Amsterdam-based scaleup Five Degrees Holding.
Founded by Martijn Hohmann and Bjorn Holmthorsson in 2010, Five Degrees provides core banking technology designed to address the practical needs of banking in the digital age.
Addressing banking needs
In 2018, Five Degrees expanded its product portfolio to include a lending and securities suite after acquiring Libra in Iceland.
Currently, the company’s technology is by over 40 banks in Europe and North America.
Additionally, the group offers an innovative neo-cloud-native core banking platform, enabling its clients to meet the dynamic demands of the market.
Since its inception, the company has had Velocity Fintech Ventures as a significant shareholder.
The company employs around 150+ employees from offices in Amsterdam, Reykjavik, Lisbon, and Novi Sad.
Topicus.com: What you need to know
Topicus.com is a provider of vertical market software and platforms to clients in public and private sector markets.
The Dutch company acquires, builds, and manages leading software companies providing specialised, mission-critical, and high-impact software solutions that address the particular needs of customers.
The company has over 100,000 customers in 14 countries, including the Netherlands, Germany, France, Belgium, Italy, Spain, United Kingdom, Denmark, Sweden, Finland, Poland, Iceland, Romania, Switzerland, Serbia, and Portugal.