Ximedes acquires fellow Dutch fintech Ginger for European expansion
Ximedes, a Dutch software firm, has acquired Ginger, an Amsterdam-based online payment platform provider.
CEO of Ximedes, René Hodde (left) and CEO of Ginger, Roderick de Koning (right)
Established in 1998, Ximedes builds bespoke software focusing on open banking and open public transport systems. On the fintech front, the firm says it “helps banks to build new services that are on par, or exceed, the offering of fintech players”.
The company has grown across Europe over the past few years via acquisitions – among its recent purchases are Vayapay, Tapconnect, and Pecunda.
Ginger has been providing online payment solutions since 2014, enabling banks and fintechs in Western Europe to help their merchants accept payments. Amongst its offerings is the tech component of a white-label payment solutions provider (PSP) to help banks become PSPs themselves. “While leaving the handling of the money to the banks, Ginger does not compete with its clients,” the paytech says.
Ginger’s clients include EMS (a Fiserv and ABN AMRO company) and Rabobank.
“Ginger’s commitment to technology, simplicity, and transparency perfectly aligns with our own values,” comments Ximedes founder and CEO, René Hodde.
The terms of acquisition were not disclosed.
