BankingFunding

Five Degrees: Raises €22 million to launch new core banking platform

  • Five Degrees secured an investment of € 22 million in a funding round led by Velocity Capital FinTech Ventures
  • The investment support Five Degrees in launching their entirely new, cloud-native core banking platform
  • With a modular architecture, the new cloud-native offering uses microservices to deploy core banking solutions for accounts
  • Five Degrees’ specialist core banking technology offers an innovative alternative to the largely outdated product systems
  • These solutions reflect decade of experience and learnings from serving banks in Europe and North America
  • Five Degrees geared to help banks reap the benefits of cloud-native technology
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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