About Adra
Adra is a company based in Oslo (Norway) founded in 1989 was acquired by Trintech in November 2017. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Adra offers products and services including Adra Suite, Adra Matcher, Adra Balancer, Adra Task Manager, and Adra Analytics. Adra operates in a competitive market with competitors including Simetrik, Duco, Uniqus, Trintech and Curlec, among others.
- Headquarter Oslo, Norway
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Trintech
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Products & Services of Adra
Adra offers a comprehensive portfolio of products and services, including Adra Suite, Adra Matcher, Adra Balancer, Adra Task Manager, and Adra Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial close tasks are automated for mid-sized organizations.
Transaction matching is automated to reduce manual errors.
Balance sheet reconciliations are streamlined for faster closes.
Financial close processes are managed with centralized checklists.
Insights into financial close are provided through dashboards.
Funding Insights of Adra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adra
Adra has secured backing from 1 investor. Prominent investors backing the company include Trintech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cloud-based financial reporting and compliance software is delivered for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adra
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adra Comparisons
Competitors of Adra
Adra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Simetrik, Duco, Uniqus, Trintech and Curlec, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Accounts reconciliation solutions
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| domain | founded_year | HQ Location |
Provider of accounting, risk, governance, environmental, social, and technology consulting
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| domain | founded_year | HQ Location |
Cloud-based financial reporting and compliance software is delivered for businesses.
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| domain | founded_year | HQ Location |
Recurring payments are automated and collected via bank-to-bank direct debits.
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| domain | founded_year | HQ Location |
Digital receipt management solutions for retail store and restaurants
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Adra
When was Adra founded?
Adra was founded in 1989.
Where is Adra located?
Adra is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
What does Adra do?
Financial close tasks are automated by Adra, a Trintech platform, targeting mid-sized organizations. Processes like transaction matching, balance sheet reconciliations, and task management are streamlined. Integration with various ERPs is supported to enhance efficiency. Solutions are provided across sectors like financial services, healthcare, and retail. Risk is reduced, accuracy is improved, and faster closes are enabled through intelligent automation and analytics.
What products or services does Adra offer?
Adra offers Adra Suite, Adra Matcher, Adra Balancer, Adra Task Manager, and Adra Analytics.
Who are Adra's investors?
Adra has 1 investor. Key investors include Trintech.