ABN AMRO’s Moneyou Go sold to Dutch FinTech TM-Pro

By Megha Bhattacharya

ABN AMRO has announced the sale of Moneyou’s tech platform ‘ Moneyou Go’ to Dutch FinTech TM-Pro. The sale of Moneyou Go will enable TM-Pro to combine its operations and software activities for facilitating the offering of a unified open banking solution to the financial services market. The activities will continue under the TM-Pro brand.

Bas Boelhouwers, CEO of Moneyou, commented, “I am very delighted that this innovative platform will be further developed by TM-Pro. It shows the value and potential of the state-of-the-art technology setup that our teams have developed. We are convinced that the joint teams will continue to deliver high value for financial service providers in the TM-Pro environment.”

Founded in 2001, Moneyou is an innovative online financial services provider. It provides mortgages, savings accounts and the online payment account Moneyou Go. It is a wholly-owned subsidiary of ABN AMRO Bank N.V. On 12 August 2020, ABN AMRO announced it would be winding down all Moneyou activities, except for its mortgage activities.

Erik Driessen, Founder and CEO of TM-Pro, commented, “We are very excited about the prospect of working with the former Moneyou team. They have created a truly innovative digital banking proposition that complements our approach and products in terms of thinking and technology.”

TM-Pro is a Dutch financial technology supplier, established in 2011. It is a supplier of data aggregation and personal finance management software for the financial services industry, servicing clients throughout Europe. TM-Pro has already established a long-term business relationship with Moneyou as one of its suppliers.

Recently, subscription management solutions provider Subaio was selected by ABN AMRO, thus making it the first white-label subscription management service for banks to go live in The Netherlands. Subaio will feature on ABN AMRO’s Grip app and will be expected to reduce costs, generate revenue and boost customer experience.