Ximedes acquires Ginger

Wednesday 8 June 2022 09:22 CET | News

Netherlands-based fintech Ximedes has bought online payment platform provider Ginger to consolidate its position in the European fintech space.

Ximedes builds bespoke 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 with the offering of fintech players.

The acquisition of Ginger fits right into this strategy. Ginger has been providing online payment solutions since 2014, enabling banks and fintechs to help their merchants accept payments. Ginger has established a clientele of banks and fintechs in Western Europe, and together with Ximedes, it plans to expand further across Europe.

Ginger offers, among others, the tech component of a white label PSP making sure that banks can become PSPs themselves.

This acquisition 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.

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Keywords: acquisition, ecommerce, SaaS, fintech, Open Banking, payment processing
Categories: Payments & Commerce
Companies: Ginger, Ximedes
Countries: Europe
This article is part of category

Payments & Commerce




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