Swishfund is The First Customer For Five Degrees' New Cloud Native Core Banking Platform °Neo

Five Degrees is excited to introduce Swishfund as the first client on °neo, its latest cloud based central banking network. Fintech Swishfund was created in 2016 and offers direct lending products to SME companies in the Netherlands and the United Kingdom. Swishfund will move its current customer base to °neo in order to concentrate on growing its market.

Swishfund CEO Jeroen Sonsma says, "At Swishfund, our goal is to provide business lending products in an extremely easy, fast and convenient way. We aim to be the most attractive alternative lender in short and mid-term financing for entrepreneurs and their SME businesses. Where the traditional banks are withdrawing more and more in this important market, we are stepping forward to help. By adopting °neo, we will reach a next step in efficiency, which opens new possibilities to deliver a seamless lending experience that will bring us more customers and will retain recurring existing customers. At the same time, we can focus more on what we are good at, which is offering fast, flexible and suitable credit.  For us this migration is a big step towards further professionalization and scalability of our organisation.”

Sonsma also adds, “We assessed multiple cloud native platforms and for us Five Degrees came out on top through a combination of in-depth knowledge of the financial sector and the way they apply cloud native technology. In addition, they were a perfect cultural fit with our own company: forward thinking, informal and fast. It is incredible to see how effortlessly the °neo platform works, and how it enables us to focus on our core business where we can provide a truly great lending experience. On top of that, being the launching partner for Five Degrees we've experienced them as being very open and listening to our and our customer's needs in further developing the platform.”

“We are extremely excited to work with Swishfund as our launching customer for °neo. After a decade of providing innovative core banking technology for an amazing group of clients in Europe and North America, we created °neo from a clean sheet of paper”, Says Martijn Hohmann, CEO and founder of Five Degrees. He also adds, “We have combined the latest cloud native technology with our experience from the past 10 years. I am very proud to see Swishfund embrace °neo to fuel their growth.”