Rabobank is spinning off its book-keeping tool Tellow as a separate company offering online book-keeping support to all self-employed professionals in the Netherlands and not just Rabobank clients.
The bank looks to further enhance the Tellow identity and brand with the spin-off. Developed through their in-house accelerator Moonshot, Tellow already has more than 15,000 Rabobank customers signed up.
Kirsten Konst, head, commercial banking, Rabobank, says: “Tellow offers digital convenience and makes book-keeping simple, giving self-employed professionals more time to grow their business. The spin-off shows that Tellow is ready for the next stage.”