ING Ventures, a €300 million global active financial institution has recently announced an investment of €7.5 million in an Amsterdam-based fintech company Cobase.
The Dutch startup is launching a multi-banking platform today that provides a centralised solution for companies in the corporate market to access their bank accounts and other financial products and services with many different banks and financial institutions.
According to Benoît Legrand, Chief Innovation Officer at ING, “A significant portion of ING’s investment strategy consists of starting partnerships with fintechs and investing in them. When making investments like these, we look at companies that offer a distinctive customer experience. Cobase is a perfect choice, with its multi-banking platform that makes it much easier and more efficient to manage multiple bank accounts.”
Cobase offers a total solution for corporate customers with multiple bank accounts. Using the Cobase multi-banking platform, these customers can access all their accounts at the various financial institutions with whom they do business.