Five Degrees
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $2.6m | Angel | |
$6.5m | Series A | ||
N/A | N/A | Early VC | |
* | €10.0m | Early VC | |
€22.0m | Late VC | ||
* | N/A | Acquisition | |
Total Funding | €40.3m |
Related Content
Recent News about Five Degrees
EditFive Degrees Solutions B.V. offers a cloud-native core banking platform designed to help traditional banks modernize their operations and meet contemporary standards. The platform's flexible and open architecture allows banks to quickly respond to changing customer demands, regulatory requirements, and technological advancements. Five Degrees serves retail and SME banks, providing solutions that streamline processes, enhance customer satisfaction, and reduce operational costs through increased automation and data gathering. The company operates in the financial technology sector, focusing on core banking transformation. Its business model revolves around offering software-as-a-service (SaaS) solutions, generating revenue through subscription fees and service contracts.
Keywords: cloud-native, core banking, financial technology, SME lending, retail banking, automation, data gathering, SaaS, regulatory compliance, customer-centric.