AutoRek

Glasgow, United Kingdom Founded: 1994 • Age: 32 yrs
Solutions for account reconciliations and regulatory reporting are provided.
Request Access

About AutoRek

AutoRek is a company based in Glasgow (United Kingdom) founded in 1994.. The company has 102 employees as of February 28, 2021. AutoRek offers products and services including Automated Reconciliations, CASS Compliance, Regulatory Reporting, Data Migration, and IFRS 17. AutoRek operates in a competitive market with competitors including Simetrik, Duco, Kaizen Reporting, Uniqus and Trintech, among others.

  • Headquarter Glasgow, United Kingdom
  • Employees 102 as on 28 Feb, 2021
  • Sectors
    Financial Services
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Api Software Limited
  • Date of Incorporation 15 Dec, 1994
  • Jurisdiction GLASGOW, SCOTLAND
Operational Areas
Financial Services → FinTech & Digital Finance → →
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
    $20.03 M (USD)
    21
    as on Jan 31, 2024
  • Net Profit
    $-3.44 M (USD)
    -65
    as on Jan 31, 2024
  • EBITDA
    $-4.5 M (USD)
    -54
    as on Jan 31, 2024
  • Latest Funding Round
  • Investors
    Scottish Equity Partners
  • Employee Count
    102

    as on Feb 28, 2021

Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Products & Services of AutoRek

AutoRek offers a comprehensive portfolio of products and services, including Automated Reconciliations, CASS Compliance, Regulatory Reporting, Data Migration, and IFRS 17. 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.

Primary

Software that automates financial data reconciliation processes for accuracy.

Tools for ensuring compliance with CASS regulations in asset management.

Solutions for generating and managing regulatory reports in finance sectors.

Services for migrating and controlling banking data securely and efficiently.

Software for insurance broker accounting and compliance with IFRS standards.

People of AutoRek
Headcount 50-200
Employee Profiles 1
Employee Profiles
People
Kenny Bain
Chief Financial Officer

Unlock access to complete

Teams
Kenny Bain

Finance and Accounting

1 people

Unlock access to complete

Funding Insights of AutoRek

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Mar, 2021 Amount Unspecified - AutoRek Valuation Scottish Equity Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in AutoRek

AutoRek has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Scottish Equity Partners. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Scottish Equity Partners
Venture capital firm focused on tech companies
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by AutoRek

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - AutoRek

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Autorek Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of AutoRek

AutoRek 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, Kaizen Reporting, Uniqus and Trintech, 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
Simetrik
domain founded_year HQ Location
Accounts reconciliation solutions
Duco
domain founded_year HQ Location
SAAS reconciliation solutions are delivered for financial services firms.
Kaizen Reporting
domain founded_year HQ Location
Regulatory reporting and training solutions for financial services are offered.
Uniqus
domain founded_year HQ Location
Provider of accounting, risk, governance, environmental, social, and technology consulting
Trintech
domain founded_year HQ Location
Cloud-based financial reporting and compliance software is delivered for businesses.
Curlec
domain founded_year HQ Location
Recurring payments are automated and collected via bank-to-bank direct debits.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Autorek

Frequently Asked Questions about AutoRek

When was AutoRek founded?

AutoRek was founded in 1994 and raised its 1st funding round 27 years after it was founded.

Where is AutoRek located?

AutoRek is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.

How many employees does AutoRek have?

As of Feb 28, 2021, the latest employee count at AutoRek is 102.

What is the annual revenue of AutoRek?

Annual revenue of AutoRek is $20.03M as on Jan 31, 2024.

What does AutoRek do?

AutoRek was founded in 1994 in Glasgow, United Kingdom. Account reconciliation and regulatory reporting software solutions are developed and implemented within the financial technology sector. Reconciliation processes, cash allocation, attestation, anti-money laundering measures, data migration, performance management, and related functions are supported. Outsourced reconciliation services are facilitated for various businesses across operations.

Who are the top competitors of AutoRek?

AutoRek's top competitors include Simetrik, Duco and Ezops.

What products or services does AutoRek offer?

AutoRek offers Automated Reconciliations, CASS Compliance, Regulatory Reporting, Data Migration, and IFRS 17.

Who are AutoRek's investors?

AutoRek has 1 investor. Key investors include Scottish Equity Partners.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available