The partnership allows the 2 Dutch Fintechs to strengthen position in the European banking and payment industry
Five Degrees, the Dutch Fintech in digital banking software, and BillPro, a leading international provider of payment solutions for businesses - will launch a new digital cross-border banking offer in Europe. This partnership enables Five Degrees and BillPro to support businesses and fintech companies globally, across different industries. Matrix, Five Degrees’ core banking solution, will be at the heart of the technology. As part of the agreement signed today, BillPro will use Matrix as their digital core banking platform and will also offer it to its partners as a unique extra service. This will strengthen the position of Five Degrees in the European market for Digital Banking platforms, while BillPro will be able to launch fast, continuously innovate and offer disruptive banking services to its global clients and partners.
BillPro has been offering tailor made merchant payment processing and acquiring services to small and large businesses for over 10 years. Matrix will be central to the new digital banking stack that BillPro will launch, enabling international businesses of any size to access next-generation cross border banking services, as well as enabling fintech companies to build their own financial products. “With the launch of our new cross border banking portfolio, we are able to leverage the cutting-edge, proven banking technology of Five Degrees to offer next-generation banking services. This will add significant value to both current and future clients as well as partners.Our partnership with Five Degrees will enable BillPro to issue IBANs and Bank Accounts to people around the world,” states Daria Rippingale, CEO of BillPro.
“We are very happy to unite forces with BillPro, a leading provider of payment solutions in Europe and beyond. As a result, we are able to expand our customer base and enhance our position in the European market for Digital Banking platforms. Through this partnership, we can shape our idea of market place banking even more”, states Martijn Hohmann, CEO of Five Degrees.
About Five Degrees - Five Degrees is a banking technology company founded in 2010 and has its headquarters in the Netherlands. Five Degrees supports financials in their digital transformation with its next-generation digital banking platform. Five Degrees is the three-time consecutive member of the FinTech50 and a Dutch FinTech Awards winner in the Banking IT category.
About BillPro - BillPro is a credit card acquirer and licensed Payment Institution offering secure payment solutions for small to large businesses globally. BillPro offers Visa, MasterCard and Carte Bancaire direct acquiring; Amex, JCB and Discover processing; Bank Transfers and SEPA payments, along with a wide variety of alternative payment methods. BillPro is a MasterCard Principal Member and Visa Affiliate Member, and a Member of Swift..
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