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← Embedded Finance Index 2026

Ohpen

“Can a cloud-native core banking platform replace legacy retail-banking systems across mortgages, savings, lending and investments in one architecture?”

Founded2009
HQAmsterdam, Netherlands
FoundersChris Zadeh
Latest roundSeries C (€25M)
IndustryInfrastructure / Core Banking
The story

Founded 2009 as the first cloud-native core banking platform, initially focused on investment/savings administration (Robeco, NN Bank, Aegon, Knab). Acquired Davinci in 2020 to extend into mortgage origination and consumer lending, then expanded geographically into the UK in 2021 with a mortgage-first wedge. Today positions itself as a unified retail-banking platform (savings, mortgages, consumer lending, investments/pensions) running on AWS EU, with a growing AI/agentic layer.

Last 12 months
2026
2026
2025
Product timeline
2009
Ohpen founded in Amsterdam as a cloud-native core banking platform.· pivot
2013
Robeco goes live on Ohpen — first bank in the cloud.· banking
2014
NN Bank selects Ohpen, expanding platform into savings and deposits.· banking
2020
Acquires Davinci, expanding into mortgages and consumer lending.· acquisition
2021
Enters the UK market with mortgage technology.· pivot
2023
April Mortgages becomes first UK mortgage client live on Ohpen.· lending
2025
De Volksbank renews partnership with Ohpen through 2030.· banking
2026
Dudley Building Society and BeFrank go live on Ohpen; launches agentic-AI platform with AbelX.· banking
Acquisitions
Davinci2020
Acquisition expanded Ohpen into mortgage origination and consumer lending.
The stack
2 layers disclosed in Ohpen’s embedded-finance stack
Lending
Mortgage origination and servicing (NL and UK)Consumer lending origination and servicing
KYC
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.