FiveDegrees
FiveDegrees is a Netherlands-based B2B fintech that provides a cloud-native, API-first composable banking platform (Akkuro brand) covering lending, mortgages, investments, savings, core banking, CRM, and calculation engines for banks and financial institutions including ING, Goldman Sachs, ABN AMRO, Rabobank, and TD Bank.
- Company typePrivate
- Founded2009
- HeadquartersAmsterdam, Netherlands
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What FiveDegrees does
FiveDegrees, founded in 2009 and headquartered in Amsterdam, Netherlands, is a financial technology provider that builds and operates a cloud-native, API-first composable banking platform marketed under the Akkuro brand (built by Topicus). The platform comprises modular, domain-specific building blocks covering lending (digital lending, loan origination, administration, management), mortgages, investments (global trading, portfolio management, private banking, fiscal investments, precious metals), savings (variable interest, term deposits, fiscal savings), core banking (current accounts, multi-currency accounts, foreign exchange), CRM for banks, and calculation engines, unified through an orchestration layer. FiveDegrees serves banks and financial institutions across five vertical segments (retail banking, business banking, wealth management, pension providers, and microfinance) with a B2B enterprise direct sales motion, and reports managing billions in annual loan volume, deposits, and assets under management for named clients including ING, Goldman Sachs, ABN AMRO, Rabobank, NN, Knab, TD Bank, and Van Lanschot Kempen.
The company's revenue mechanics are anchored in enterprise SaaS contracts with tier-1 financial institutions; pricing is not publicly disclosed and the company employs 101-250 people. Its go-to-market emphasizes direct enterprise sales engagement, industry events, thought leadership content (insights blog, newsletter), and LinkedIn presence, targeting CIOs, CTOs, heads of digital, and innovation leaders at banks and financial institutions. FiveDegrees has raised approximately $37.6 million across three funding rounds (2011, 2016, 2020) from investors including Velocity Capital Fintech Ventures, Karmijn Kapitaal, 5square, AtlasInvest, and Reggeborgh, and acquired Libra Soft in 2018 to expand delivery capabilities.
The company operates in the cloud-native core banking platforms market, which is valued at $12.4 billion in 2025 and projected to grow to $47.8 billion by 2034 at a 16.2% CAGR, driven by digital transformation, the shift away from legacy monolithic systems, open banking mandates, and demand for real-time banking. North America leads the market at 38.4% revenue share, followed by Europe at 27.6% and Asia Pacific at 21.3%.
FiveDegrees firmographics
Firmographics- Name
- FiveDegrees
- Website
- https://fivedegrees.com
- Company type
- Private
- Founded year
- 2009
- Headcount range
- 101–250 employees
- Short description
- FiveDegrees is a Netherlands-based B2B fintech that provides a cloud-native, API-first composable banking platform (Akkuro brand) covering lending, mortgages, investments, savings, core banking, CRM, and calculation engines for banks and financial institutions including ING, Goldman Sachs, ABN AMRO, Rabobank, and TD Bank.
- Ownership category
- akta.pro rank
FiveDegrees industry classification
Industry- Product category
- Core Banking Platform Software
- NAICS
- Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Portfolio Management and Investment Advice (523940)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
- akta.pro secondary industries
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)
Keywords
Where FiveDegrees is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Markets served
FiveDegrees business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Distribution channels1 record
Marketing channels4 records
FiveDegrees product offering
Product offeringCore offering
FiveDegrees develops and sells the Akkuro composable banking platform, a cloud-native, API-first SaaS suite of modular building blocks covering lending, mortgages, investments, savings, core banking, CRM, and real-time calculation engines for banks, insurers, wealth managers, pension providers, and microfinance institutions. Customers can adopt individual modules or the full stack, integrated through a unified orchestration layer that structures data and powers customer experiences without legacy system lock-in.
Product overview
Akkuro offers a Composable Banking Platform consisting of modular, domain-specific building blocks that work together through a unified orchestration layer. The platform includes Lending (with Digital Lending, Loan Origination, Loan Administration, Loan Management, and Data Integration), Mortgages, Investments (Global Trading, Portfolio Management, Private Banking, Fiscal Investments, Precious Metals), Savings (Variable Interest Savings, Term Deposits, Fiscal Savings), Core Banking (Current Accounts, Multi-Currency Accounts, Foreign Exchange), CRM for Banks, and Calculation Engines (Lending, Insurance, Mortgage, Sustainability). The platform is cloud-native, API-first, and compliant by design, with Agentic Banking providing AI-powered autonomous agent capabilities. Built by Topicus with over 25 years of banking and finance experience.
Differentiator
Problem solved
Functional benefit
Products and services
- Composable Banking Platform (Akkuro) Cloud-native, API-first composable banking platform that provides modular, domain-specific building blocks (Lending, Mortgages, Investments, Savings, Core Banking, CRM, Calculation Engines) unified through an orchestration layer. Designed for banks, insurers, wealth managers, pension providers, and microfinance institutions to structure data, connect services, and power customer experiences without legacy lock-in.
- Lending SaaS lending platform covering the end-to-end lending lifecycle, including Digital Lending, Loan Origination, Loan Administration, Loan Management, and Data Integration. Built on a no-code architecture with seamless integration for banks and lenders.
- Mortgages Mortgage lifecycle automation platform with a unified workspace, automated compliance, and real-time customer insights. Covers Advisory & Consumer Workspace, Assessment, Contract & Servicing, Data & Reporting, Effectuation, Evidence, Mortgage Advisory, and Proposals for banks and mortgage providers.
- Investments Investment management platform offering Global Trading, Portfolio Management, Private Banking, Fiscal Investments, and Precious Metals trading with real-time execution and personalized, tax-efficient investment strategies for wealth managers and private banks.
- Savings Savings platform offering customizable term deposits, dynamic variable interest accounts, and fiscal savings products. Includes tools to streamline operations, boost profitability, and enhance client experiences for banks.
- Core Banking Composable, customer-centric core banking software with Current Accounts, Multi-Currency Accounts, and Foreign Exchange capabilities exposed through APIs. Enables rapid innovation, scalability, and seamless connectivity for banks.
- CRM for Banks CRM solution purpose-built for banks offering Customer 360, Process Orchestration, and Integrations to enable smarter, scalable, customer-first engagement across retail, business, and wealth segments.
- Calculation Engines High-fidelity real-time calculation engines for complex financial scenarios, including Lending Calculator, Insurance Calculator, Mortgage Calculator, and Sustainability Calculator. Used by financial institutions requiring accurate, real-time computation across products.
- Agentic Banking AI-powered agentic intelligence layer that understands context and banking workflows safely, transparently, and in real time. Provides autonomous multi-step AI agents specialized for banking operations, layered on top of the Akkuro platform.
Quantifiable outcome
- Trusted by leading global financial institutions including ING, Goldman Sachs, ABN AMRO, and Rabobank
Companies that use FiveDegrees
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles3 records
FiveDegrees technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
FiveDegrees partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
FiveDegrees competitors and assessment
Company assessmentDirect peers
- Mambu: Cloud-native, composable core banking platform serving banks and lenders with API-first architecture — a direct competitor to Akkuro's positioning in digital and core banking software.
- Thought Machine: Cloud-native core banking platform with Vault and a modular architecture; competes head-on with FiveDegrees/Akkuro for tier-1 bank core modernization deals globally.
- 10x Banking: Cloud-native core banking platform targeting incumbent banks with an API-first, SaaS model — directly comparable to Akkuro's value proposition.
- Backbase: Digital banking platform with Engagement Banking and platform offerings for retail, business, and wealth; overlaps with Akkuro's CRM for Banks and core banking modules.
- nCino: Cloud banking platform with strong lending, account opening, and CRM capabilities for banks — overlaps with Akkuro's Lending, Mortgages, and CRM for Banks modules.
Broad incumbents
- Temenos: Established global core banking software vendor serving hundreds of banks; the dominant incumbent FiveDegrees/Akkuro is positioning against in cloud-native modernization.
- FIS: Large incumbent financial technology provider with broad core banking, lending, and capital markets software — competes for the same IT modernization budgets.
- Fiserv: Major financial technology and payments provider whose core banking and digital solutions overlap with several modules in Akkuro's platform.
- Sopra Banking Software: European-headquartered core and digital banking software provider; comparable European market presence and customer overlap with FiveDegrees.
- Oracle Financial Services: Large incumbent core banking, lending, and wealth software vendor that banks replace as part of the legacy modernization FiveDegrees/Akkuro targets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
FiveDegrees social profiles
Digital presenceFiveDegrees financial estimates
Financial estimateRevenue estimate
Valuation estimate
FiveDegrees leadership team
Management profileNumber of profiles
Profiles12 records
FiveDegrees funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FiveDegrees M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FiveDegrees
What does FiveDegrees do?
FiveDegrees develops and sells the Akkuro composable banking platform, a cloud-native, API-first SaaS suite of modular building blocks covering lending, mortgages, investments, savings, core banking, CRM, and real-time calculation engines for banks, insurers, wealth managers, pension providers, and microfinance institutions. Customers can adopt individual modules or the full stack, integrated through a unified orchestration layer that structures data and powers customer experiences without legacy system lock-in.
When was FiveDegrees founded?
FiveDegrees was founded in 2009. It employs 101 to 250 people.
Where is FiveDegrees based?
FiveDegrees is headquartered in Amsterdam, Netherlands, in the Europe region.
Who are FiveDegrees's main competitors?
Direct peers on record are Mambu, Thought Machine, 10x Banking, Backbase and nCino. Broad incumbents are Temenos, FIS, Fiserv, Sopra Banking Software and Oracle Financial Services.
Does FiveDegrees have an API?
Yes. Akkuro's platform is API-first and cloud-native, offering a composable architecture where every service is API-driven. The platform enables rapid innovation, scalability, and seamless connectivity with a wide range of APIs. Banks can easily adapt, replace components, and integrate with existing systems without vendor lock-in.
What industry is FiveDegrees in?
FiveDegrees's product category is Core Banking Platform Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 541511.