SaaS startups have become the darling of Venture Capital investors, especially in the Financial Services industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 46 VC funded SaaS startups in the Financial Services industry.
A SaaS called Abacum assists finance teams in providing business insights. For SMB financial teams, Abacum is the first collaborative workflow and planning tool, increasing efficiency and strategic impact. The business supports equipping individuals with the greatest collaboration tools so they may increase their strategic influence inside the firm and experience more fulfillment.
For professional wealth, investment, and asset management organizations to provide great outcomes for their clients, Addepar is a software and data platform. More than 800 top companies rely on Addepar to unleash the potential for better, data-driven investment and guidance. The Addepar platform collects portfolio, market, and client data for over $4 trillion in assets and has clients in more than 30 countries. Businesses may access and trade in a variety of investment products through Marketplace, a digital platform provided by Acervus Securities (a FINRA member), with an emphasis on alternative and private market investments. To provide a comprehensive solution for a variety of businesses and use cases, Addepar's open platform interfaces with more than 100 software, data, and service partners. With offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, and Edinburgh, Scotland, Addepar promotes a worldwide flexible labor strategy.
Akur8 is a creator of an AI-driven insurance pricing platform intended to offer insurance firms AI-powered pricing automation and optimization. With the help of cutting-edge insurance pricing algorithms integrated into the company's platform, insurance carriers can increase their profits and gain market share by building pricing models 10 times faster than with conventional solutions. These models can be created and updated in hours as opposed to months.
VATBox has successfully digitised the VAT/GST recovery workflow with its cloud-based enterprise recovery solution. Using intelligent automation, VATBox helps large corporations – including Fortune 500 companies – gain actionable insights into their transactional data, empowering finance and tax professionals with full data integrity, tight compliance and maximum savings.
A platform for managing equity that helps businesses handle shareholder registrations, employee shares, and cap tables is called Capdesk. By freeing up time for the customer to concentrate on their main business operations, it speeds up the growth of their organization. By automatically updating cap tables, statutory registrations, and several modelings, Capdesk simplifies the equity management process. On the platform, it is possible to carry out digital, end-to-end share issuance transfers, splits, consolidations, and cancellations with ease. By providing stakeholders with simple access to ownership information, share certificates, option vesting schedules, investment amounts, and most recent values using the equity information housed on the platform, customers may align stakeholders. The firm was founded in 2015 and has its headquarters in London, England.
A loan management system for BHPH dealers is called Carpay. They are able to better manage their portfolio since it gives their customers a variety of payment alternatives, automates all reminders to their customers, and provides the dealers with a set of tools to keep their loans operating. The business was established in 2016 and has its corporate office in Venice, California.
Using high performance blockchain technology, B2B SaaS provider Chintai eliminates inefficiencies from the value chain of regulated assets. For the administration of primary, secondary, custody, and cap table digital assets, we offer a complete solution. The platform's entirety is supported by The platform is intended to make it simple for SMEs, challenger banks, and asset managers to use blockchain technology.
The Divvy program removes the bother of expense reporting while giving customers total control and real-time visibility into business spending. Businesses can handle payments and subscriptions, create strategic budgets, and do away with expense reports using the secure financial platform Divvy. Every business transaction is integrated with real-time tracking by Divvy, giving enterprises immediate visibility into their spending. With Divvy, you can manage your cash flow effectively, stop losses in their tracks, and stop saving receipts altogether. The business is headquartered in Lehi, Utah, and was established in 2016.
Banks and insurance businesses may use EasySend to swiftly transform paper forms and cumbersome PDFs into digital journeys. EasySend is a no-code platform for creating and improving digital customer journeys that is specifically designed to meet the special needs of international financial institutions and insurance providers. Any banking or insurance use case is supported by the EasySend platform with pre-built components, including end-to-end digital mortgage loans, policy renewals, claims, and user onboarding. EasySend's powerful analytics and optimization engine equips its users to fully understand complicated digital workflows, identify churn-causing issues, streamline procedures, and increase income. Its clever eForms seamlessly interact with any third-party service, including out-of-the-box integration with top CRMs like Salesforce and Microsoft Dynamics, as well as legacy and core banking systems. Since its founding in 2016, EasySend has served over forty enterprise customers, including top financial institutions and insurance companies in the US, Germany, DACH, UK, Japan, and Israel. The company's solution has been adopted by over 90% of the Israeli financial and insurance markets and is quickly growing on a global scale.
Finlight increases user net returns by reducing operational costs and hazards associated with extracting, filling, and aggregating complex institutional portfolios. This improves the efficiency of money management. Regardless of asset types, custodian banks, fund administrators, and managers, we provide sophisticated investors a tried-and-true, reasonably priced alternative to STP technology to keep portfolios current across all systems. Without any of the typical technological complexity or expensive project management, we enable our users to further enhance portfolio insights through our integration with hand-picked and complementary analytical and peers-benchmarking tools.
The sole financial closing and consolidation software for mid-sized businesses is offered by Fluence. By providing game-changing efficiency gains and reliable, timely statistics, we provide customers the time, confidence, and performance they need. Fluence offers speedy implementation, acceptance, and time to value thanks to its out-of-the-box delivery, no-coding administration, and real Excel interface. Our clients can rely on us to satisfy their demands today and in the future thanks to a cloud calculating engine that has been decades in the making and was created by a team with centuries of combined expertise. Greetings from Fluence. We adjourn early.
A SaaS platform from Groundswell makes it possible for businesses to support each employee's personal donor-advised fund. Additionally, resources including tax-free investment opportunities, personalized giving chances, frictionless contribution alternatives, and centralized impact reporting are made available to employee users.
Designed for independent company owners, HoneyBook is a client experience and financial management platform that streamlines all of the procedures necessary to market and provide customized contractual services. Billing, contracts, and client communication tools are all combined into one platform called HoneyBook, which assists company owners in becoming organized so they can deliver outstanding service at every stage. Service providers from all around the United States and Canada who have booked more than $5 billion in business on HoneyBook's platform are confident in the company. HoneyBook was established in 2013 and has its headquarters in San Francisco. Tiger Global Management, Norwest Venture Partners, Aleph, Hillsven Capital, Our Crowd, Durable Capital Partners LP, Vintage Investment Partners, Battery Ventures, Citi Ventures, Zeev Ventures, and 01 Advisors have all invested in the company.
Investment professionals are given the tools they need to manage their workflows and relationships with insight, intelligence, and control thanks to HUBX, which was created by seasoned capital markets experts. Advisors may handle transactions from origination through distribution using HUBX's out-of-the-box solution. Acceptable for:
Without writing a single line of code, Hunit enables any legal firm, financial institution, or business to generate distributed ledger-based, self-executing Smart Legal Contracts using Microsoft Word.
IBSFINtech is a domestically based TreasuryTech business that offers end-to-end digitisation & automation solutions for corporate Cash & Liquidity, Treasury, Risk, Trade Finance(TRTFM®) & Supply Chain Finance operations. Our product line consists of Supply Chain solution VNDZY®, On-prem solution InTReaXTM, and SaaS TMS. Vedanta Group, Mahindra, Sai Life Sciences Ltd, Bluestar Ltd, Polycab Ltd, Future Group, HCL Corp Group, Sonalika (International Tractors Ltd), Snapdeal, JSW International Tradecorp Pte Ltd (Singapore), IMR Metallurgical Resources AG (Switzerland), and others are among our esteemed clients. Additionally, IBSFINtech was recognized as the Software Provider for the APAC region in this specialized market with "The Corporate Treasurer - House Awards," a highly significant honor given out by the treasury ecosystem.
Jenfi is an alternative revenue-based finance firm for Southeast Asian entrepreneurs and enterprises that are digital natives, founded by Jeffrey Liu and Justin Louie. The asset class, known as "Growth Funding as a Service" (GCaaS), provides non-dilutive capital up to US$500,000 so that companies may scale through marketing, inventory, and growth initiatives. A company's creditworthiness and efficiency with expansion expenditures may both be assessed using Jenfi's own risk assessment engine. According to the evaluation, Jenfi offers firms a more adaptable and non-dilutive funding solution. Over 100 companies have received funding from Jenfi to date, including B2B and SaaS companies including Homebase, Pay With Split, and Tier One Entertainment. By July 2022, Jenfi plans to invest US$15 million in non-dilutive capital. Before founding Jenfi, Jeffrey and Justin founded and successfully sold the fitness subscription business GuavaPass. You may learn more at www.jenfi.com.
The fastest-growing SaaS startup in India, Khatabook provides safe and secure business and financial solutions to help micro, small, and medium-sized enterprises operate more efficiently and at lower costs. The business landscape in India has changed as a result of this industry's recognition, and the firm received the "Best Innovative Mobile App" 2020 award at the India Digital Awards in February 2020. Today, Khatabook has more than 20 million registered users and is available in more than 11 languages.
Libeo is a special tool for gathering, managing, and paying all of your supplier bills. In one click and without IBAN. We are reimagining how businesses interact with their partners and make payments. No more hours wasted manually inputting invoices, responding to irate supplier email reminders, or accruing late payment penalties. * Payment of supplier bills with a single click of the IBAN; automated invoice input; bulk or individual uploads; and Work in teams: customized approval processes, mobile alerts. Consolidated financial indicators that show your finances in real time. The Ile-de-France Ordre des Experts-Comptables, the Banque Postale, the Société Générale, the French Tech, Wilco, Finance Innovation, and BNP Paribas all sponsor Libeo.
Business solutions for equity, health plan administration, and workplace savings are offered by Link Investment Management. The Link team offers group plan solutions from our Calgary headquarters with the aim of improving retirement for all Canadians. With the help of our cutting-edge, entirely digital software-as-a-service (SaaS) business solution, plan administrators and plan participants can administer their benefits programs easily, affordably, and effectively. In order to develop the finest solutions at a competitive price, we work directly with businesses of all sizes as well as through channel partners. Visit our website at www.linkinvestmentmanagment.com for more details about Link Investment Management.
Through automation and data visibility, LoanPro, a SaaS-based loan servicing platform, empowers tech-forward lenders. In the US/Canadian market, LoanPro provides the only real, comprehensive, API-based mid-market and enterprise lending solution. Our goal at LoanPro is to bring transparency, ease of use, and clarity to the complicated world of lending. We take what is difficult and arrange it using "Next Gen" tools and our experience in lending. To offer the best possible user experience on the front end, we have worked harder on the back end. Set up a demo right away!
The loan and deposit services are powered by Mambu, a supplier of banking software as a service. The firm offers services to build, implement, maintain, and expand the banking and lending portfolios of financial institutions of all sizes. More than eight million end users are served by its approximately 7,000 loan and deposit products. More than three million active accounts, from fintech to conventional banks, are present in more than 46 countries.
In addition to being an employee financial benefits platform that gives benefits teams a complete tool to manage taxable events, ModernTax is an API platform that enables financial and fintech organizations to access and verify IRS taxpayer information. ModernTax provides the following to the accounting and tax industries: 1. Relationship between taxpayers and commercial suppliers 2. Availability of tax information and online services for filing taxes 3. Process effectiveness for companies that offer tax and accounting services
We take great pride in having developed the industry's leading no-code pricing and billing solution. Even in the most complicated situations, our customers may easily automate repetitive financial operations and monetize their goods and services. No expensive bespoke development or difficult onboarding is necessary.
Monit, a company owner's companion that links to any accounting platform, enables time-starved business owners to enhance their financial performance, more accurately forecast the future, and dynamically plan without ever touching another spreadsheet. Banks and other business partners that want to help their company clients prosper and get a better night's sleep are giving Monit out for free to SMBs.
Pay Theory is a payments platform for Family Tech SaaS vendors to education, healthcare, childcare and children's activities service providers. By creating simple, beautiful and impactful financial solutions, we ensure families are able to maintain access to their most important service providers while allowing SaaS vendors a unique avenue to a new revenue stream. Pay Theory brings families and vital service providers together at the payment.
Payaca helps customer-focused home improvement businesses grow and become more profitable. Our software increases the chances of winning work with fantastic looking interactive quotes, built-in finance options, and simple connections to the best accounting and payments services out there. Our mobile and web apps have a unique blend of sales CRM, job management, payments, and analytics features which are incredibly simple to use and can support businesses from sole-traders to larger SMEs.
PayRecs is an international B2B payment platform designed to meet the unique needs of businesses and their banks. PayRecs delivers businesses the simplicity, transparency and speed of consumer payment apps but with a unique approach in order to meet the liquidity, security, and control requirements of businesses. PayRecs partners with regional banks to deliver our service to their customers, allowing the banks to add critical new international payment capabilities, reduce operational cost and risk, while also adding a new source of revenue.
PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of the number of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.
Peach Finance is a SaaS company that provides modern, end-to-end loan management and servicing software for lenders.The platform is built in modern infrastructure, a white-label website, and communications that complement the brand's visuals and voice, with customer care experts ready to assist at any time along with smart machine-learning-based algorithms optimized for debt collection, providing businesses with tools that simplify training, supervision and success analysis, while technology-driven oversight ensures best practices for quality assurance and risk management. The San Francisco, California-based company was launched by Eran Sandler, Edward Oistacher, and Gur Brosh in 2018.
Pluto is a spend management platform enabling businesses to take control over their business spending through unlimited, smart corporate cards with spend controls, automated receipt collection and deep insights on spend data.
portagon provides a SaaS technology platform that enables financial intermediaries and businesses to raise capital online.
receeve is a fully customisable all-in-one platform for collections & recovery. We simplify the growing complexity of data and systems and empower in-house teams to easily automate processes, engage customers and apply 360° insights to maximise recovery and minimise risk across every stage of credit management - from pre-delinquency to portfolio assignment or sale. One platform. A perfect balance of ease-of-use and power, receeve’s cloud-native, no-code platform is fast to deploy, simple to manage and easy to customise and expand. Bring together intelligence, strategy and operations in one place. Hear from our CTO Michael Backes https://youtu.be/MK-Tmm9KMxo
Rivia Health brings easeful efficiency to healthcare patient payments. We work with healthcare provider organizations to complement their revenue cycle operations and get them paid more while doing less. Rivia Health alleviates staff overwhelm by reducing manual tasks related to outstanding patient responsibility. Our communication and payment platform integrates with the practice management or RCM system to automate billing workflows like appointment and billing reminders, copay or pre-service payments, and payment plan setup. In addition to saving staff time, Rivia Health also improves financial results by communicating more dynamically to patients about balances across text and email and by making it easier for patients to pay across multiple payment methods with a 3-step, no login required process.
Sentieo is the first financial intelligence platform created especially to meet the demands of investors looking for information. For a more effective research process, Sentieo's AI-powered financial search engine combines internal and external resources into a single shared workspace. Sentieo is used by more than 1,100 clients worldwide, including Fortune 500 corporations and 800 institutional investing institutions, to surface, visualize, and share the insights that give them an edge. To learn more, go to sentieo.com.
For e-commerce stores, Signifyd is a SaaS-based, enterprise-grade fraud technology solution. Through a financial guarantee, it streamlines fraud detection and enables firms to boost sales while lowering fraud losses. It was established on the principle that e-commerce companies need to be allowed to expand without being concerned about fraud. The technology addresses the issues that expanding e-commerce companies frequently encounter, such as the billions of dollars lost to chargebacks, consumer annoyance from erroneous rejects, and operational expenses associated with laborious, manual transaction investigations. Numerous businesses on the Fortune 1000 and Internet Retailer Top 500 lists utilize Signifyd, which was introduced in 2011.
Digital onboarding, international payroll, statutory benefits, and local legal compliance in the country of employment are all streamlined by Skuad's Global HR & Payroll Platform. Skuad manages the complete employment lifecycle so businesses may expand abroad without significant financial outlays, challenging HR administration, and months of work.
For insurers, actuaries, and financial institutions, Slope Software, a Techstars-backed business, offers cloud-based actuarial modeling and risk management solutions. Slope is the first and only actuarial modeling tool that is entirely cloud-based. This cutting-edge modeling platform has a wealth of capabilities that make it simple to create intricate asset/liability models for a variety of insurance and investment products. Numerous actuarial operations, including Pricing, Valuation, ALM, Cash Flow Testing, PBR, and many more, may be supported by the platform with ease. Any insurer or consulting firm can use Slope as a whole modeling package. A simple point-and-click interface is used for model generation and building. Additionally, all formulas are given in plain English and are entirely open source. No expertise of coding or programming is necessary! Every model has controlled and stored assumptions and inputs, which may directly use current data sources like Excel spreadsheets. Model governance and validation are made easier by the tracking and user-visible transparency of all model and input changes. The integrated business intelligence dashboards, which offer aesthetically pleasing charts, graphs, and tables at the push of a button, make it simple to evaluate the results of model runs. The system, which is built on top of Amazon Web Services (AWS), can rapidly scale to meet the demands of each run. Without requiring users to manage any hardware resources, it can run several scenarios simultaneously. Automatic data management, tracking, and consolidation occur. The program is housed in a Virtual Private Cloud and was developed utilizing the most recent web technologies and standards. Sensitive data is encrypted at rest and all other data is encrypted in transit.
With 100% visibility and integrated automation, Spendesk is intended to reduce time and costs across the whole spending process. Businesses that utilize Spendesk ultimately provide finance teams more time to devote to strategic issues that will help the company thrive. Since its founding in 2016, Spendesk has gained the trust of thousands of companies, including well-known names like Algolia, Soundcloud, Curve, Doctolib, Gousto, Raisin, Sezane, and Wefox. With more than 7,000 members, CFO Connect, which is supported by Spendesk, is the fastest-growing worldwide network of financial executives.
Spiff is a commission automation tool that builds trust inside the company by automating difficult commission processes in real-time. The platform connects to all commission systems, including ERP, payments, and payroll, and utilizes machine learning to match records and remove mistakes between systems, enabling companies to effortlessly offer their sales teams with the right tools to increase sales.
Trace, the first service desk for finance, provides collaborative workflows and analytics for companies to better manage financial services like budgeting, spending, and hiring. High-growth companies like Fivetran and Lattice trust Trace as their one-stop-shop for collaborating with business partners on the financial decisions that matter most to the health of the business. When teams work better with finance, finance works better for teams. Trace was founded in 2018 by Martin Destagnol, Matt Gonzalez, and Mike Gonzalez and is headquartered in San Francisco, California, United States.
Upflow is the software company revolutionizing how B2B businesses get paid. The platform help companies manage their unpaid invoices and improve their cash collection by using the company's SaaS-based payment platform. Alexandre Louisy and Barnaby Malet started the company in 2018.
Vareto is the modern, next-gen FP&A platform for strategic finance and business teams to power company planning, reporting, and operational decision-making. Vareto is built for high-growth and enterprise teams, and is designed to be flexible, customizable, and scalable as business needs evolve.
Vertalo is a platform for investor onboarding, cap tables, and compliance that links issuers and investors to secondary liquidity sources. Vertalo enables any asset to be tokenized, kept in a blockchain wallet, and traded in real-time depending on the smart contract between the issuer and the investor by working directly with issuers or through our expanding network of broker-dealers.
Documents into Data in Seconds. Accuracy & Speed Surpassing Humans. A fully integrated suite of data transformation products for you to securely capture, extract and transform bills, receipts and invoices into structured data for use in your mobile app, website or back office.
Having won several awards, Zennify is a renowned Salesforce and nCino partner with years of expertise in providing top-notch consulting services that produce results. Consider a consulting partner that provides solutions with the expertise and caliber of a big company and the dedication and dependability of a reliable friend. a collaborator who, in order to assure success, actively listens, tactically advises, and questions your presumptions in order to solve your most difficult business problems. One who is well-versed in your sector and who willingly exchanges ideas while going above and beyond to meet your needs in project delivery. One that has the flexibility to handle all part of your system, from complicated integrations and new implementations to innovation strategy, instruction, and continuing platform maintenance. a person who encourages you to give back by allocating 1% of your time, money, and resources from each project to benefit the local area and the environment. This associate is Zennify. Our Customer Satisfaction Rating of 4.8/5 has allowed us to gain the respect of both our clients and business partners. We are on Salesforce's Partner Advisory Board, and Salesforce Ventures is invested in our success as a result of the high degree of trust and faith Salesforce has in our products. Our track record demonstrates the dedication, creativity, and expertise we bring to each engagement. In addition to launching digital portals for commercial banks, our team has assisted with large-scale organizational mergers, worked through intricate data and system architectures, educated international business divisions, and more. We maintain inspiration, maintain inspiration in our clients, and produce outcomes that matter.
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