About Backbase
Backbase is a company based in Amsterdam (Netherlands) founded in 2003 by Jouk Pleiter.. Backbase has raised $128.51 million across 1 funding round from investors including Motive Partners. The company has 2,000 employees as of July 17, 2023. Backbase has completed 1 acquisition, including Nucoro. Backbase offers products and services including Engagement Banking Platform, Digital Onboarding, Digital Banking, and Digital Lending. Backbase operates in a competitive market with competitors including ION Group, nCino, Ohpen, Nymbus and Tuum, among others.
- Headquarter Amsterdam, Netherlands
- Employees 2000 as on 17 Jul, 2023
- Founders Jouk Pleiter
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$128.51 M (USD)
in 1 rounds
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Latest Funding Round
$128.51 M (USD), Series D
Jun 09, 2022
- Investors
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Employee Count
2000
as on Jul 17, 2023
- Investments & Acquisitions
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Products & Services of Backbase
Backbase offers a comprehensive portfolio of products and services, including Engagement Banking Platform, Digital Onboarding, Digital Banking, and Digital Lending. 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.
Platform for modernizing customer banking journeys and operations
Seamless digital process for account opening and customer acquisition
Tools for developing and launching secure banking applications
System for faster and smarter loan origination processes
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Funding Insights of Backbase
Backbase has successfully raised a total of $128.51M through 1 strategic funding round. The most recent funding activity was a Series D round of $128.51 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $128.5M
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First Round
First Round
(09 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series D - Backbase | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Backbase
Backbase has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Motive 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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in financial services sector are facilitated.
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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 Backbase
Backbase has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nucoro. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wealth management solutions for businesses are provided by Nucoro.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Backbase
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Backbase Comparisons
Competitors of Backbase
Backbase 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 ION Group, nCino, Ohpen, Nymbus and Tuum, 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 |
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| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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Cloud-based API platform for banking operations is provided.
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| domain | founded_year | HQ Location |
Developer of cloud-based core banking platform for retail mutual funds and savings accounts
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| domain | founded_year | HQ Location |
Cloud-based core banking solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Cloud-native API-first core banking platform is provided for banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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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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Latest news on Backbase
Frequently Asked Questions about Backbase
When was Backbase founded?
Backbase was founded in 2003 and raised its 1st funding round 19 years after it was founded.
Where is Backbase located?
Backbase is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Backbase?
Jouk Pleiter is the current CEO of Backbase. They have also founded this company.
Is Backbase a funded company?
Backbase is a funded company, having raised a total of $128.51M across 1 funding round to date. The company's 1st funding round was a Series D of $128.51M, raised on Jun 09, 2022.
How many employees does Backbase have?
As of Jul 17, 2023, the latest employee count at Backbase is 2,000.
What does Backbase do?
Backbase was founded in 2003 in Amsterdam, Netherlands, as a provider of AI-powered platforms in the fintech sector. A complete technology stack is offered to banks, enabling revenue growth, cost reduction, and unified operations. Services include integration tools, data management, agentic AI, and suites for retail, commercial, and wealth management banking. Personalized services and AI advice are delivered across channels, with support from an AI Factory for implementation.
Who are the top competitors of Backbase?
Backbase's top competitors include nCino, Thought Machine and Tuum.
What products or services does Backbase offer?
Backbase offers Engagement Banking Platform, Digital Onboarding, Digital Banking, and Digital Lending.
How many acquisitions has Backbase made?
Backbase has made 1 acquisition, including Nucoro.
Who are Backbase's investors?
Backbase has 1 investor. Key investors include Motive Partners.
What is Backbase's valuation?
The valuation of Backbase is $2.63B as of Jun 2022.
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