The financial software industry in Benelux is dynamic and rapidly evolving. It features an array of companies, from fintech startups focusing on payment solutions to established firms delivering comprehensive financial analytics platforms. With a booming ecosystem, this industry is tackling major challenges like regulatory compliance and digital transformation in finance. Recent innovations include AI-driven tools for risk assessment and increased demand for cloud-based solutions. The drive for modernization continues to grow, as financial institutions seek efficiencies and improved customer experiences. Analysts predict continued investment and expansion as companies adapt to changing market needs.


The list of investors in Benelux includes various players, from corporate pillars like the European Investment Bank to agile venture capitalists such as Fortino Capital. Headquartered in cities such as Brussels and Amsterdam, many of these investors were founded in the early 2000s or earlier, with investment sizes ranging from small startups to large-scale software enterprises. The year 2024 saw these investors actively participating in 16 or more deals each, underlining an appetite for impactful financial technology investments across the region.


Top 15 Financial Software Investors in Benelux


1. Main Capital Partners

  • Website: main.nl
  • Type: Private Equity
  • Headquarters: The Hague, South Holland, Netherlands
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: main-capital-partners-bv

Main Capital Partners is a private equity investment firm based in The Hague, South Holland, Netherlands, founded in 2003. The firm specializes in enterprise software and focuses on providing strategic guidance and investment to software businesses across various sectors, including healthcare and finance. In recent years, Main Capital Partners has been actively involved in the financial software space, highlighted by their acquisition of Windata, a German financial management software provider, in July 2024. This marked a significant platform deal for the firm. Additionally, they have acquired other software companies such as MUIS Software B.V. and OnGuard International, further showcasing their commitment to investing in software solutions that cater to various industries, including finance. By leveraging their expertise, Main Capital Partners helps these companies achieve growth and innovation in a competitive market.


2. Wolters Kluwer

  • Website: wolterskluwer.com
  • Type: Corporate
  • Headquarters: Alphen Aan Den Rijn, South Holland, Netherlands
  • Founded year: 1836
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: wolters-kluwer

Wolters Kluwer N.V. is a prominent information services company based in Alphen Aan Den Rijn, South Holland, Netherlands, founded in 1836. The company specializes in providing software solutions and services across various professional sectors, including healthcare, legal, tax, accounting, finance, and compliance. Wolters Kluwer supports professionals by offering tools that enhance productivity and ensure compliance with regulatory requirements. Notably, they have made significant acquisitions in the financial software space, including Prosoft Tecnologia S.A., a leading tax and accounting software provider in Brazil, which they acquired in 2013 to strengthen their position in the market. Additionally, their acquisition of ADDISON Software and Service in 2008 and Summation Legal Technologies in 2004 further illustrates their commitment to expanding their portfolio in financial and legal software solutions. Their diverse range of acquisitions positions them as a key player in the financial software industry, catering to businesses and organizations that rely on their expertise to navigate complex challenges.


3. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, focused on enhancing everyday life through technology. Founded in 2019, the firm operates across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Prosus partners with local entrepreneurs to create valuable products and services, fostering community growth and sustainable business practices. Notably, Prosus has made significant investments in the financial software sector, including a Series A investment in Treinta, a Colombian fintech that raised $46 million, and a Series A funding round for Spendflo, a SaaS platform that raised $11 million. Additionally, their involvement in PayU, a major payment service provider, highlights their commitment to the financial technology landscape.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB supports sustainable projects across various sectors, catering to both public and private organizations. In the financial software context, EIB has made significant investments, such as in Qonto, a French business banking startup that raised substantial funding to expand its operations. Additionally, EIB has supported IDnow, a German identity verification platform, with €15 million in growth funding to enhance its research, development, and international expansion efforts. These transactions highlight EIB's engagement in the financial technology space, particularly in supporting innovative solutions that promote growth and efficiency in financial services.


5. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a venture capital holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, while managing a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. In recent years, Exor has also made significant investments in the financial software industry. For instance, it participated in a $552 million Series D funding round for Qonto, a French business banking startup, which aims to expand its operations significantly. Additionally, Exor invested in Sibill, a Milan-based FinOps platform for SMBs, which raised €6.2 million to accelerate its growth. These transactions highlight Exor's strategic interest in innovative financial solutions and its commitment to enhancing value through operational support and investment.


6. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in several transactions relevant to the financial software industry, including significant investments in Invoier AB, a FinTech company focused on enhancing the factoring market in Europe. Invoier received a €4.1 million investment from the EIC Fund and additional funding through grants, highlighting the EIC's commitment to supporting financial technology innovations.


7. Fabric Ventures

  • Website: fabric.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: fabricventures

Fabric Ventures is a venture capital firm based in Luxembourg, founded in 2012. The firm focuses on investing in the Open Economy, supporting early-stage companies across various sectors, including finance, gaming, and infrastructure. In 2024 alone, they have made 16 investments, showcasing their active role in the venture capital landscape. Notably, they have invested in Fiat Republic, a UK-based Banking-as-a-Service platform that aims to bridge traditional banking and crypto platforms, and Blockpit, which specializes in Cryptotax software. These transactions highlight their engagement in the financial software sector, providing not just capital but also business development support and community engagement to help startups succeed.


8. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity investment firm founded in 2005, headquartered in Luxembourg, and managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. The firm specializes in private equity, credit, secondaries, and infrastructure investments. CVC has made significant strides in the financial software sector, highlighted by their acquisition of OANDA Corporation, a leading online retail trading platform, in 2018, which aims to enhance OANDA's growth trajectory. In 2019, CVC acquired Vitech Systems Group, a company that provides software solutions for the financial services industry, further emphasizing their focus on financial technology. Additionally, their acquisition of RGI Group in 2022, which operates in the insurtech space, showcases their commitment to supporting growth in the insurance software sector. These strategic investments reflect CVC's dedication to delivering sustainable value and growth through targeted investments in the financial software industry.


9. Maven 11

  • Website: maven11.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: maven11

Maven 11 is a venture capital firm based in Amsterdam, Netherlands, founded in 2015. The firm specializes in blockchain and distributed ledger technology, providing both investment and active support to founders in the crypto space. With a focus on research and insights into blockchain trends, Maven 11 positions itself as a key player in the investment landscape. Notable transactions include investments in Visor Finance, which raised $3.5 million in a seed round to develop decentralized finance solutions, and Radix, which raised $1.9 million in a seed round, focusing on building a decentralized finance protocol. Their involvement in these projects highlights their commitment to supporting innovations that intersect with financial software, particularly in the realm of DeFi and blockchain applications.


10. Fortino Capital


Fortino Capital is a venture capital and growth equity firm based in Antwerp, Flanders, Belgium, founded in 2013. The firm specializes in investing in B2B software companies, providing both funding and strategic support to help these businesses grow and scale effectively. Fortino Capital has been actively involved in several notable transactions in the financial software context, including: 1) **Addactis** - An investment aimed at accelerating growth in SaaS software solutions for the global insurance industry, highlighting their focus on financial software. 2) **Mobilexpense** - Acquiring a majority stake in this Belgian software company for €20 million, which is part of their strategy to invest in B2B SaaS companies. 3) **Unifiedpost Group** - Participating in a €10 million investment round, further demonstrating their commitment to the financial software sector. These transactions reflect Fortino Capital's dedication to supporting and growing companies within the financial software industry.


11. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. With a focus on empowering startups in Europe and Israel, they provide not only financial support but also strategic guidance to entrepreneurs. Notably, Mangrove has been active in the financial software sector, having invested in Kyriba, a treasury management software provider, and Finmatics, which offers solutions for digitizing and automating accounting processes. Their recent investments, including a significant funding round for The Bank of London, further demonstrate their commitment to supporting technology-driven financial services. Overall, Mangrove Capital Partners is well-positioned within the financial software landscape, making them a relevant player in this industry.


12. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm based in Luxembourg, founded in 2015. The firm specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. SGH provides capital and strategic support to innovative businesses primarily in the US and western Europe, helping them to grow and succeed in competitive markets. Notably, SGH has participated in significant transactions within the financial software space, such as Cryptio, which raised $10 million in a Series A round for its enterprise-grade back-office platform, and inDinero, a full-service accounting startup that has raised substantial funding over the years. These investments highlight SGH's focus on supporting companies that are developing software solutions for financial management and operations.


13. Finch Capital

  • Website: finchcapital.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: finch-capital

Finch Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2013. The firm specializes in business and financial technology, providing investment management and advisory services to companies across various sectors, including insurance, payments, and regulatory compliance. Finch Capital aims to help businesses scale sustainably and navigate complex market challenges through strategic partnerships and technology-driven solutions. Notably, they have invested in AccountsIQ, a financial management software startup that has raised €5.8 million to support its growth and recruitment efforts. Additionally, they co-led a $53.6 million funding round for NomuPay, an Irish payments startup, showcasing their active role in the financial technology landscape. Their investment in SMEO, which offers online factoring services, further emphasizes their commitment to supporting innovative financial solutions.


14. Peak

  • Website: peak.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: peak-capital

Peak Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2008. The firm specializes in investing in early-stage companies within the SaaS, marketplace, and platform sectors, providing funding and support to help these businesses scale. In 2021, Peak participated in a funding round for Dyme, an Amsterdam-based fintech startup, raising €2 million to enhance product development and expand its user base. Additionally, they were involved in the Series A funding for Circula, a Germany-based SaaS company, which raised $13.5 million to support its international expansion. Peak also led a seed financing round for Bling.de, a Berlin-based fintech, further showcasing their active role in the financial software space. With a focus on innovative founders and a strong portfolio in fintech and SaaS, Peak Capital is well-positioned in the financial software investment landscape.


15. Newion


Newion Partners is a venture capital firm based in Amsterdam, Netherlands, founded in 2000. The firm specializes in investing in early-stage technology companies, particularly in the business software sector. Newion provides capital, expertise, and support to help these companies scale and achieve market leadership, focusing on businesses located in North/West Europe. Among their notable transactions, Newion has invested in TaxModel, a Dutch international tax software provider, which secured around €1 million in Series A funding from Newion on January 17, 2019. This investment highlights Newion's commitment to the financial software sector. Additionally, they acquired a minority stake in Reasult, a real estate software provider, further demonstrating their engagement in technology investments. Overall, Newion's portfolio reflects a strategic interest in software solutions that can include financial applications.



Financial Software Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Main Capital PartnersThe Hague, South Holland, Netherlands51-200200316
Wolters KluwerAlphen Aan Den Rijn, South Holland, Netherlands10001+18364
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
European Investment Bank (EIB)Luxembourg1001-5000195899
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Fabric VenturesLuxembourg11-50201216
CvcLuxembourg1001-5000200516
Maven 11Amsterdam, North Holland, Netherlands11-50201527
Fortino CapitalAntwerp, Flanders, Belgium11-5020139
Mangrove Capital PartnersLuxembourg11-5020005
SghLuxembourg1-1020153
Finch CapitalAmsterdam, North Holland, Netherlands11-5020132
PeakAmsterdam, North Holland, Netherlands11-5020088
NewionAmsterdam, North Holland, Netherlands11-5020006


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