Ohpen
Ohpen is a Dutch fintech founded in 2009 that provides a cloud-native SaaS core banking and mortgage technology platform to banks and financial institutions, replacing legacy systems with configurable infrastructure that supports the full mortgage lifecycle from origination through servicing and credit management.
- Company typePrivate
- Founded2009
- HeadquartersAmsterdam, Netherlands
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Ohpen does
Ohpen is a Dutch fintech founded in 2009 and headquartered in Amsterdam that builds a cloud-native core banking and mortgage technology platform delivered as software-as-a-service to financial institutions. The platform replaces legacy monolithic core banking systems with a configurable architecture that supports the full mortgage lifecycle — origination, servicing, and credit management — and claims the ability to configure new banking products in hours rather than months, while improving straight-through processing rates. The company serves banks and financial institutions seeking to modernize infrastructure constrained by limited change capability, with named customers including ASN Bank, which is deploying Ohpen's mortgage platform to handle a EUR 56.5 billion portfolio through end-2027.
The company operates a subscription-based SaaS revenue model, selling directly to enterprise financial institution buyers through field sales and strategic technology partnerships, and is supported by dedicated Managing Director roles for Mortgages and Belgium alongside UK expansion that was catalyzed by a EUR 30 million investment from Deutsche Bank in 2021. Ohpen has executed two disclosed acquisitions (FYNN Advice in 2017, Davinci in 2020) to broaden its capabilities, raised approximately $83.5 million across four funding rounds between 2017 and 2021, and serves markets primarily in the Netherlands, UK, and Belgium.
The company operates within a global SaaS-based core banking software market projected to grow from USD 11.21 billion in 2024 to USD 46.03 billion by 2032 at a 19.5% CAGR. With 251–500 employees and a vertically focused GTM targeting banks, Ohpen's commercial momentum is anchored by a small number of tier-1 European financial institution relationships rather than a long tail of customers.
Ohpen firmographics
Firmographics- Name
- Ohpen
- Legal name
- Ohpen
- Website
- https://ohpen.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Ohpen is a Dutch fintech founded in 2009 that provides a cloud-native SaaS core banking and mortgage technology platform to banks and financial institutions, replacing legacy systems with configurable infrastructure that supports the full mortgage lifecycle from origination through servicing and credit management.
- Ownership category
- akta.pro rank
Ohpen industry classification
Industry- Product category
- Core Banking Software
- NAICS
- Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
Keywords
Where Ohpen is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
Ohpen business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Platform Subscription: Ohpen generates revenue through SaaS subscription model, providing financial institutions access to its cloud-native core banking and mortgage technology platforms on a recurring subscription basis.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Ohpen product offering
Product offeringCore offering
Ohpen provides a cloud-native, SaaS-delivered core banking platform that enables financial institutions to modernize legacy infrastructure. The platform covers the full mortgage lifecycle — origination, servicing, and credit management — and supports rapid product configuration in hours rather than months, replacing legacy monolithic banking systems with a configurable cloud architecture.
Product overview
Ohpen offers a unified cloud-native core banking platform delivered as SaaS. The platform covers the full mortgage lifecycle including origination, servicing, and credit management capabilities. It replaces legacy monolithic systems with a modern, configurable architecture that enables financial institutions to configure products in hours rather than months and improve straight-through processing rates.
Differentiator
Problem solved
Functional benefit
Products and services
- Ohpen Cloud-Native Core Banking Platform A cloud-native SaaS core banking platform that enables financial institutions to modernize banking infrastructure, with capabilities spanning mortgage origination, servicing, and credit management. Designed to replace legacy monolithic systems and enable product configuration in hours rather than months.
- Integrated Mortgage SaaS Platform An integrated SaaS mortgage platform covering the complete mortgage lifecycle from origination through servicing and credit management. It is offered to banks to replace legacy systems constrained by limited change capability, enabling cloud-based operations across the full mortgage value chain.
Companies that use Ohpen
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Ohpen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ohpen partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ASN BankflagshipASN Bank, a Dutch bank with EUR 10.3 billion in new mortgage production and EUR 56.5 billion portfolio in 2025, partnered with Ohpen to implement a new mortgage technology platform using a SaaS model covering origination, servicing, and credit management. Full implementation is expected by the end of 2027. The partnership is part of ASN Bank's broader 'Simplify and Grow' strategy and follows a multi-year partnership with HCLTech to update its IT architecture.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Ohpen competitors and assessment
Company assessmentDirect peers
- Thought Machine: Thought Machine is a cloud-native core banking platform provider serving global banks with its Vault platform, directly competing with Ohpen's cloud-native core/mortgage offering for the same financial institution buyer.
- Mambu: Mambu provides a cloud-native core banking and lending platform as-a-service to banks and lenders, directly overlapping with Ohpen's SaaS core banking and mortgage technology proposition.
- Avaloq: Avaloq (now part of NEC) provides digital core banking and wealth platform software to private banks and large financial institutions, competing directly with Ohpen for European bank modernization mandates.
Broad incumbents
- Temenos: Temenos is an established global core banking software vendor serving thousands of banks worldwide with a broader on-premise/cloud portfolio, competing with Ohpen for core modernization contracts at incumbents.
- Finastra: Finastra provides a broad portfolio of banking and financial services software including core and lending solutions, overlapping with Ohpen's mortgage and core banking modernization offerings for tier-1 banks.
- Oracle Financial Services: Oracle Financial Services provides large-scale core banking, lending, and digital banking software to global banks, making it a broad incumbent competitor with overlapping core and mortgage modernization offerings.
- FIS (Fidelity National Information Services): FIS is a major incumbent fintech and core banking technology provider with extensive installed base across US and European banks, making it a primary competitor for core and mortgage platform replacement deals.
Emerging players
- nCino: nCino provides cloud-based banking software including mortgage and loan origination solutions, with partial overlap to Ohpen's mortgage origination, servicing, and credit management capabilities.
- Backbase: Backbase provides a digital banking and engagement platform used by European banks, partly overlapping with Ohpen's broader digital banking and core modernization proposition for retail and mortgage products.
- 10x Banking: 10x Banking offers a cloud-native core banking platform targeting challenger and incumbent banks, representing an emerging direct competitor overlapping with Ohpen's SaaS core banking proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Ohpen social profiles
Digital presenceOhpen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ohpen leadership team
Management profileNumber of profiles
Profiles10 records
Ohpen funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ohpen M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ohpen
What does Ohpen do?
Ohpen provides a cloud-native, SaaS-delivered core banking platform that enables financial institutions to modernize legacy infrastructure. The platform covers the full mortgage lifecycle — origination, servicing, and credit management — and supports rapid product configuration in hours rather than months, replacing legacy monolithic banking systems with a configurable cloud architecture.
Is Ohpen a public or private company?
Ohpen is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ohpen founded?
Ohpen was founded in 2009. It employs 251 to 500 people.
Where is Ohpen based?
Ohpen is headquartered in Amsterdam, Netherlands, in the Europe region.
How does Ohpen make money?
One revenue line is on record: saaS Platform Subscription.
Who are Ohpen's main competitors?
Direct peers on record are Thought Machine, Mambu and Avaloq. Broad incumbents are Temenos, Finastra, Oracle Financial Services and FIS (Fidelity National Information Services). Emerging players are nCino, Backbase and 10x Banking.
Does Ohpen have an API?
No public API is recorded for Ohpen.
What industry is Ohpen in?
Ohpen's product category is Core Banking Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts). Its NAICS code is 541512 and its SIC code is 7372.