Deventer 17th May 2023 - Total Specific Solutions (TSS) and Topicus, both part of Topicus.com Inc, have successfully completed the acquisition of cloud core banking provider Five Degrees Holding B.V. five°degrees’ former Libra/Matrix Lending & Securities platform will continue as five°degrees Iceland and become part of TSS whereas Topicus acquires five°degrees’ Matrix and Neo platform. The acquisition enables Topicus to strengthen and integrate its financial services offering in Western Europe and North America.
By adding five°degrees to its suite of solutions, Topicus can offer turn-key FinTech stacks that support a diverse range of financial institutions. The offered solutions are rich in functionality, highly configurable, easy to integrate, and fast to implement. This allows FSIs to offer better financial solutions to meet their customers' ever-changing demands.
five°degrees and Topicus have extensive experience in using innovative technology to deliver mature solutions in complex banking environments. The combined offering covers everything from customer engagement to core banking, and from lending to wealth management.
"The acquisition of five°degrees fits perfectly into our Financial Services strategy to provide the best, banking-grade FinTech solution to our customers," said Daan Dijkhuizen, CEO of Topicus. "We share the same vision of innovation and customer focus. Together, we can serve our customers even better.”
There is room in the financial technology space for a new kind of provider. Many financial institutions experience a trade-off between modern technology and mature functionality. By acquiring cloud core banking provider five°degrees, Topicus establishes itself as the Fintech powerhouse that offers full FinTech stacks to its clients. Customers no longer have to choose between next-gen technology and supporting real-world business requirements.
Martijn Hohmann, CEO of five°degrees: "We are delighted to be part of the Topicus family. By joining forces, we can offer our customers an even better service and accelerate our joint development of innovative solutions. Additionally, we strengthen our position in the core banking market and expand within Europe, North America and Asia. We look forward to shaping the future of the financial industry together."
Willem Willemstein, general partner & founder Velocity Capital: “Velocity Capital Fintech Ventures has been proud to support five°degrees over the past 12 years, providing them with funding and expertise to bring them to maturity. Since its inception in 2011 five°degrees has established itself as a successful challenger in core banking. I’m delighted to see five°degrees become part of a proven, strategic party such as Topicus.com”.
About five°degrees.
five°degrees, founded in 2011, is a leading fintech company that provides modern and flexible core banking solutions to financial institutions worldwide. The company’s mission is to empower banks to drive digital transformation and deliver innovative and personalized banking experiences that meet the needs and expectations of today's customers. The company has over 150 employees who are operating from offices in The Netherlands, Iceland and Portugal. Since its inception, the company has had Velocity Capital Fintech Ventures as a significant shareholder.
About Topicus.
Topicus is a leading provider of innovative software platforms for various industries, including finance, healthcare and education. The company works with customers to develop solutions that contribute real value to their organizations and their customers. With over a thousand employees, the company works to make a positive impact with IT. More information can be found on the website: https://topicus.nl/
