Software Firm Ximedes Buys Payments Startup Ginger Ahead of European Expansion

European software firm Ximedes is acquiring online payments startup Ginger for undisclosed terms to strengthen Ximedes’ ability to deliver end-to-end solutions to financial institutions (FIs).

With Ginger, Ximedes can combine software-as-a-service (SaaS) payments with its existing software development capabilities, according to a recent press release.

Headquartered in Haarlem, Noord-Holland, The Netherlands, Ximedes specializes in FinTech solutions and has offices across Europe that include Hamburg, Stockholm and Novi Sad. Founded in 1998, Ximedes builds bespoke software, focusing on open banking and open public transport systems.

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The acquisition of Ginger aligns with the strategy Ximedes has set to become a European FinTech leader.

“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,”  said Ximedes founder and CEO, René Hodde.

Launched in 2014 and headquartered in Amsterdam, Noord-Holland, The Netherlands, Ginger provides online payments and gives banks and FinTechs the ability to help their merchants accept payments.

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With a roster of leading banks and FinTechs in Western Europe, Ginger and Ximedes as a team plan to further expand across Europe, according to the release. Ginger is trusted by tier-1 banks and acquirers and works with clients like EMS and Rabobank.

Among other services, Ginger is a white label PSP (payment solutions provider) and ensures that banks can become PSPs themselves while letting banks handle the money.

Ximedes has been busy making acquisitions in its quest to become a top European fintech leader, according to the release. The acquisition of Ginger boosts its position to deliver end-to-end solutions to financial institutions (FIs) by combining a SaaS-based payment solution with its existing software capabilities.