We all know that the big money circulates in the world of banking. But still, 10 million euro surely is not a modest investment, not even for a fintech startup. Dutch startup Five Degrees just secured this astronomical amount of funding, in order to further developed their BPM solution for digital banking. Five Degrees offers its customer-oriented banking software to retail as well as private banks.
A fertile investment round
A new investment round of Five Degrees resulted in a new shareholder, Karmijn Kapitaal. This investment company distinguishes itself by an explicit focus on diversity, as all three of its founders are women. Some of the companies they invested in so far are media company Tuvalu Media, and upcoming Dutch craft beer brand Jopenbier. However, Karmijn Kapitaal is not the only investor in this round. Already existing shareholders of Five Degrees, 5Square and Velocity Capital, both expanded their stake. Altogether, Five Degrees raised an amount of more than €10 million.