SUREPAY

FOUNDED : 2016 HEADQUARTERS : UTRECHT , NL

This Dutch fintech is a prime example of innovation beginning with a big idea before honing down on something more specific . Originally launched within the bank with the aim of creating a huge alias database , it soon pivoted to creating a system that conducts an IBAN name check . Today , it is the name-number check done in the Netherlands , as well as multiple European countries . Its two founders , David-Jan Janse and Marcel Rienties , left Rabobank to launch SurePay as a standalone entity , and now the company is in the midst of accelerating growth . Rabobank retains a share in SurePay , having chosen to bring on board a co-investor who could help make it even bigger .

PEAKS

FOUNDED : 2016 HEADQUARTERS : AMSTERDAM , NL

Peaks , the retail investing app that allows consumers to invest in ETFs and ETPs , is a good example of Rabobank realising that its continued ownership would not bring out the best from the brand . An internal startup , Peaks was one of the first innovations that Rabobank invested majorly into , before reaching the conclusion that the business model Peaks was pursuing would need a new owner – one with a European retail presence larger than Rabobank could offer . Rabobank eventually sold its stake in 2021 .

34 May 2023