Enabling the European Transition to Frictionless, Transparent and Secure Payments & Transactions
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THE XMDS STORY
PIONEERING PAYMENT SOLUTIONS AND PUBLIC TRANSPORT SOFTWARE ACROSS EUROPE
Founded in 1998 and headquartered in Haarlem, the Netherlands, XMDS has grown into a leading provider of cutting-edge software and payment solutions across FinTech and FareTech. With two specialist business units—Ximedes and XPP—XMDS delivers both high-end custom software and scalable SaaS products tailored to the evolving needs of European banks, public transport operators, and institutions.
XMDS’s journey started in software development excellence and gradually evolved to serve complex, transaction-heavy industries such as finance and public mobility. Today, we are a software-first, product-led company, offering domain-rich solutions that enable digital transformation in a highly secure and scalable way.
Our group continues to grow with purpose:
- Ximedes designs and develops complex software systems that power banking, onboarding, fare collection, and fleet operations
- XPP drives our product strategy, offering specialized omnichannel payment services that combine closed-loop, card-present, and card-not-present solutions—reaching urban mobility, education, unattended services, and financial institutions.
Together, Ximedes and XPP form a powerful ecosystem that supports our clients through the full lifecycle—from build to operate—with shared services for compliance, DevOps, and finance.
XMDS CLIENTS & EMPLOYEES
A WINNING COMBINATION OF CRAFTMANSHIP AND SATISFIED CLIENTS
XMDS has a diverse and loyal customer base in the North West of Europe, with long-term clients such as ING, Rabobank, European Merchant Services (ABN), Translink Systems, Loomis, Fiserv, Daimler, European Patent Office and various universities in the Netherlands and Germany.
XMDS staff is about 150 FTE and consists of highly motivated software professionals. XMDS serves the market from 4 countries.
XMDS sees it as her primary goal to provide our employees with challenging and interesting work, while providing customers with the best possible products, leading to long-term relationships with these satisfied clients and our employees.
Financial results and continuity are achieved by making sure that these “winning wheels of service” keep turning – we believe that by focusing on our purpose, financial results will inevitably follow.
THE XMDS EXPERIENCE
USING TECHNOLOGY TO ENHANCE FINANCIAL AND MOBILITY INDUSTRIES
XMDS unique combination of software development capacity and software products enables our clients to offer advanced omni-channel payment solutions to their customers.
In the coming years, XMDS will expand its market position especially in Germany and the Nordics with product implementations with Ginger, Pecunda and Vayapay.
This while maintaining our unique culture, a challenging and inspiring workplace for engineers within a flat informal high-tech organisation.
Our goal is to deliver financial results and continuity to all our stakeholders through solid revenue growth with a larger product-based SaaS revenue share.
XMDS STRUCTURE
A STRATEGIC COMBINATION OF HIGH-END SOFTWARE SERVICES AND SAAS PAYMENT PRODUCTS
Ximedes – Custom Development & Product Innovation in FinTech and FareTech
- Public Transport: Software for account-based ticketing, validators, inspection systems (TapConnect), and real-time fleet management (GIVA).
- FinTech: Bespoke systems for payment processing, reconciliation, onboarding, and reporting—delivered to Tier-1 financial institutions.
XPP – Specialised Omnichannel SaaS Payment Services
- Card-Present: EMV solutions for transit, vending, EV charging, and shared mobility—branded as Vayapay.
- Card-Not-Present: White-label e-commerce payment infrastructure (PSP-in-a-box) for banks and service providers.
- Closed/Hybrid Loop: Payment ecosystems for campuses, factories, and public buildings—enabling migration from closed to open-loop payments with integrated settlement and reporting.
XPP's offerings are modular, acquirer-agnostic, and integrate seamlessly with third-party ticketing, vending, or terminal systems.
For both business units expansion into Germany, Nordics, and other EU markets is a key growth focus, enabled by our agile development model and productized solutions.
XMDS CLIENTS & MARKET REACH
Trusted by Leaders in Banking, Mobility, and Education
XMDS proudly serves long-term clients across northwestern Europe—including Rabobank, Fiserv, ING, Translink, GVB, Daimler, EMS, Xpate, Flytoget, EPO, SwissPost and dozens of universities. Our products and software services are deployed across the Netherlands, Germany, Nordics, and the UK, in sectors ranging from urban mobility to banking & commercial finance and higher education.
XMDS VISION & STRATEGY
From Service to SaaS: Growth through Specialization
XMDS is transitioning to a recurring-revenue model, investing heavily in scalable platforms that bring European harmonisation, security, and performance to payments and public mobility.
Our 2025–2027 strategic goals:
- Grow recurring revenue to 50% of turnover, driven by SaaS offerings from XPP and productised modules at Ximedes.
- Achieve EBITDA margins of 40% in FareTech and 31% in FinTech
- Expand regionally in Germany and the Nordics with targeted marketing, partner-led sales, and trade show visibility.
- Deliver impact, not complexity—through high-performance, user-centric platforms for frictionless transactions.
WHY XMDS?
- Software-first mindset: We prioritize agile, modern architecture over legacy-heavy approaches.
- Vertical expertise: From validating a transit trip to onboarding a new merchant, we understand your domain.
- European compliance: ISO27001, PCI-DSS, and local payment regulations are built into our products.
- Proven success: From brand new banking payment providers in the Netherlands to Deutschland-Ticket in Germany, XMDS powers real-world innovation.
XMDS OFFICES EUROPE
OPERATING FROM 3 EUROPEAN CITIES
We operate from three strategic locations that combine pan-European reach with deep local knowledge. Haarlem serves as our headquarters and innovation hub, Novi Sad is home to our core development team, and Kleve strengthens our presence in the German market. This setup allows us to stay close to our clients while delivering scalable, high-quality solutions.
Ximedes offers Software Development Services & Operational support; Ximedes works with the biggest financial brands and mobility operators on relevant and challenging software projects to the delight of our clients and ourselves.
XPP unites four specialised firms to deliver seamless payment solutions worldwide. By embedding secure payment technology into everyday services, helping organisations transform how they handle transactions and interact with customers.