The Netherlands-based Ximedes, a software firm active in the field of fintech and faretech announced that it has acquired Amsterdam-based payment platform provider, Ginger. Both parties have not disclosed the terms of the acquisition.
The development comes as ecommerce transaction volumes witnessed robust growth following the COVID-19 lockdowns, increasing the demand on financial institutions (FIs) to improve client experiences through integrated payment solutions.
A platform for online payments
Founded in 2014 by Joachim de Boer and Roderick de Koning, Ginger is a payment platform for banks and financial institutions looking to innovate their customer service. The company offers a full-stack ecommerce payment solution with a flexible and modular platform.
Ginger differentiates itself from its competitors by being fully cloud-based, offering clean and simple APIs, and a transparent PaaS (Platform-as-a-service) model. The company has tier-1 banks & acquirers as its clients including EMS (a Fiserv & ABN AMRO company) and Rabobank.
CEO Roderick de Koning, says, “We’re proud that Ginger has grown into a trusted partner for global banks and fintechs. With growing ecommerce volumes, financial institutions (FIs) are making it their priority to offer a complete PSP solution to customers, one with a wide range of international payment methods. The combined forces of Ximedes’ software development capabilities and Ginger’s SaaS proposition create a strong fintech ready for its next phase, its rollout through Europe.”
Aim of this acquisition
Founded in 1998, Ximedes builds software, focusing on Open Banking and Open Public Transport systems. With its fintech proposition, Ximedes helps banks to build new services that are on par, or exceed, the offering of fintech players.
In the past few years, the company has strategically acquired a series of acquisitions to become a top European fintech leader. The acquisition of Ginger fits right into this strategy.
Ginger enables banks and fintechs to help their merchants accept payments. The company, together with Ximedes, plans to expand further across Europe. Besides, this acquisition also strengthens Ximedes’ ability to deliver end-to-end solutions to financial institutions (FIs) by combining a SaaS-based payment solution with its existing software development capabilities.
Ximedes founder and CEO, René Hodde, says, “Ginger’s commitment to technology, simplicity, and transparency perfectly aligns with our own values. I am looking forward to helping our existing and future customers by offering payment services to the market in the most efficient and fastest way possible.”
About Ximedes
Ximedes helps banks build new services to stay competitive in the fintech market. It is currently active in the Netherlands, Germany, and Scandinavia, and aims to provide its transaction-based products and services throughout Europe.
In the faretech market, Ximedes claims to revolutionise the mobility industry by providing technology solutions that enable a variety of services ranging from mobile ticketing to Mobility-as-a-Service. The firm is part of XMDS Holding BV.
Recently, Ximedes has acquired Vayapay, Tapconnect, and Pecunda, to accelerate fintech and faretech product propositions.
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