Netcetera Acquires Slovenian Software Company Kaminoby Fintechnews Switzerland February 28, 2023
Swiss software company Netcetera acquires Kamino, a company from Slovenia specializing in mobile app and digital identity development. The newly acquired expert know-how and technological expertise strengthen Netcetera’s core competency for business-critical digital solutions. The two companies have cooperated successfully in the past years and have decided on this merger as a strategic next step for the partnership.
Netcetera acquired 100% of the Slovenian software company Kamino at the beginning of 2023. Kamino brings experience and know-how in mobile app, banking and payment, and digital identity product development. They have a strong user experience (UX) team, which integrates perfectly with Netcetera’s portfolio of solutions focusing on the optimal balance of security and convenience for a seamless experience. The two software companies are an excellent strategic fit, so the acquisition was a logical next step to strengthen the cooperation further.
With Kamino, Netcetera gains valuable additional talent. Carsten Wengel, CEO at Netcetera, says
“With this strategic expansion, we are investing in our core strengths with additional business expertise and engineering power and a new location in Ljubljana. I’m happy to welcome the 50 new experts to the Netcetera family. With this reinforcement, we can further accelerate digital transformation in all industries.”
Strategic fit to advance payment and digital identity
Kamino’s employees have great mobile app design, development, and maintenance skills. This is paired with an experienced UX team and their proven expertise in digital identity, self-sovereign identities (SSI), and eID. Kamino has built and maintains the Slovenian national eID app that adheres to the eIDAS regulations. eIDAS oversees electronic identification and trust services for electronic transactions in the European Union. Kamino’s know-how and experience are a great addition to the Netcetera team and an asset for the continuous development of Netcetera’s own identity solutions. Together the two companies can drive the evolution, acceptance, and trust in digital IDs to improve and secure people’s lives in a digital world.
Additionally, Kamino complements Netcetera’s strong end-to-end offer in the payment and banking industry. Kamino has a proven track record in the financial industry with a digital wallet developed for an investment company. Besides technological aspects, a people-focused approach toward employees and customers is a value both companies share. Andrej Slapnik, CEO and co-founder of Kamino, says:
“Our expertise, approach and background are a great fit, and we have a similar people-first mindset with employees, customers, and users in focus. We look forward to driving innovation in payment and digital identity with user-friendly digital solutions and are excited to begin this journey as part of Netcetera.”
Featured image credit: Edited from Unsplash