Core Banking Platform Five Degrees Secures €22 Million
Netherlands-based core banking platform Five Degrees has acquired €22 million in capital through an investment round that was led by Velocity Capital Fintech Ventures. Reggeborgh and Atlas Invest also took part in the round. Karmijn Kapitaal, 5Square and several other existing investors made contributions to Five Degrees’ round as well, Crowdfund Insider reports.
This latest investment represents the largest funding to date for the Dutch core banking solution provider.