NPM Capital N.V. on the acquisition of Davinci by Ohpen

Loyens & Loeff advised NPM Capital N.V. on the acquisition of Davinci by Ohpen

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08-09-2020

Loyens & Loeff advised NPM Capital N.V. on the acquisition by Ohpen of the Netherlands-based fintech company Davinci.

Loyens & Loeff advised NPM Capital N.V. finances the acquisition by Ohpen, the first fintech platform to bring a bank to the cloud, of Davinci a cross-boarder loan and mortgages Software as a Service (SaaS) provider. The combination of these two growing companies will allow Ohpen to address the $300 billion global bank IT spending market as it targets international expansion. This acquisition is testament to Ohpen’s commitment to disrupting banking by liberating financial institutions of burdensome legacy software. With the ongoing COVID-19 pandemic rapidly accelerating the shift to digital, the combined entity is set to change the face of finance forever.