FinovateEurope 2014 / Five Degrees
Presenter Profile:
How they describe themselves: Five Degrees (NL|IS) is a financial technology provider offering The Real Alternative to financial institutions wishing to serve their customers different: faster, at a lower cost, more transparent, from and to any device and with more insight for all parties. Matrix, its proven core BPM universal banking solution, offers a fully automated banking services hub supporting any segment, product or channel through a rich mid office environment, connected to any (legacy) back-office of choice, deployed in-house or in the cloud as demoed at Finovate.
How they describe their product/innovation: Matrix Accounts is a modern lean back office solution that manages product and admin specific data for the benefit of the mid and front office operations. Matrix Accounts is designed for existing banks, as well as banks of the next generation. With a focus on automation, flexibility, traceability and security, Matrix Accounts is the solution for lowering cost and enhancing agility in the banking environment. Matrix Accounts incorporates a highly flexible product builder to support the varying needs of different kinds of banks: retail, commercial and investment. Matrix Accounts comes with basic features, covering all standard needs of any bank.
Product Distribution Strategy: Licensed
Contacts:
Bus. Dev.: Peter-Jan van de Venn, peter-jan@fivedegrees.nl
Press: Conny Dorrestijn, conny@fivedegrees.nl
Sales: Brian van Wachem, brian@fivedegrees.nl
Website: fivedegrees.nl
HQ: Breukelen, Netherlands
Founded: 2009
Product Demoed: Matrix – Universal bank in the cloud
Product Launch: February 11, 2014
Metrics: Software company founded in 2009, delivering front-to-back next generation banking platform, operating with 45 staff from the Netherlands, Iceland and Luxembourg, ISAE 3000 certified, revenue 2012 €3.3M, 2013 expected revenue € 3.7M, funding: Angel rounds (2009/2010): € 2M, Series A (2011): € 3M, April 2013: €1.5M
Presenters: Bjorn Holmthorsson (Co-Founder & CTO), Brian van Wachem (Chief Commercial Officer)
- Key Executives
Martijn Hohmann (CEO), Björn Holmthorsson (CTO), Marianne Tijssen (COO), Brian van Wachem (Chief Commercial Officer), Fridrik Reynisson (Director of Development Services), James Devine (Director of Product Services), Magnus Sigurdsson (Lead Architect), Peter-Jan van de Venn (Director of Business Services & Corporate Development)
Key Stats
- Key Board Members
Supervisory Board: Jan de Ruiter (Chairman, Supervisory Board & Chairman, RBS Netherlands), Loek van den Boog (Entrepreneur), Allard Luchsinger (Velocity Capital)
- Key Investors
Velocity Capital, 5Square SME Fund
- Key Partnerships
Microsoft Silver Partner
- Key Customers
KNAB (Aegon), Crédit Agricole Consumer Finance, NIBC