About Concord Servicing
Concord Servicing is a company based in Scottsdale (United States) founded in 1988 was acquired by GTCR in January 2025.. The company has 121 employees as of December 31, 2022. Concord Servicing has completed 2 acquisitions, including Equiant Financial Services and Orionfirst. Concord Servicing offers products and services including ConcordPay, Loan Administration Service, and Payment Processing. Concord Servicing operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Scottsdale, United States
- Employees 121 as on 31 Dec, 2022
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Concord Servicing Corporation
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Inverness Graham
& 1 more
-
Employee Count
121
as on Dec 31, 2022
-
Investments & Acquisitions
Equiant Financial Services
& 1 more
-
Acquired by
GTCR
(Jan 08, 2025)
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.
- 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 Concord Servicing
Concord Servicing offers a comprehensive portfolio of products and services, including ConcordPay, Loan Administration Service, and Payment Processing. 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.
App for secure account management and payments.
Service for comprehensive loan portfolio management.
System for efficient borrower payment handling.
Unlock access to complete
Software Development Team
17 people
Leadership Team
8 people
Sales and Marketing
4 people
Product Management Team
4 people
Legal and Compliance
3 people
Human Resources and Administration
2 people
Creative and Marketing Team
2 people
Account Team
1 people
Unlock access to complete
Funding Insights of Concord Servicing
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Private Equity Round - Concord Servicing | Valuation | Inverness Graham |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Concord Servicing
Concord Servicing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Inverness Graham and GTCR Chicago Private Equity Firm. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Private equity investments and firm management in Chicago.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Concord Servicing
Concord Servicing has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Equiant Financial Services and Orionfirst. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based loan servicing and collections solutions are provided.
|
1986 | ||||
|
Commercial loan and lease servicing solutions are provided by Orionfirst.
|
0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Concord Servicing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Concord Servicing Comparisons
Competitors of Concord Servicing
Concord Servicing 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
|
|
| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
|
|
| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
|
|
| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
|
|
| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
|
|
| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Concord Servicing
Frequently Asked Questions about Concord Servicing
When was Concord Servicing founded?
Concord Servicing was founded in 1988 and raised its 1st funding round 34 years after it was founded.
Where is Concord Servicing located?
Concord Servicing is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Who is the current CEO of Concord Servicing?
Robert Bertrand is the current CEO of Concord Servicing.
How many employees does Concord Servicing have?
As of Dec 31, 2022, the latest employee count at Concord Servicing is 121.
What does Concord Servicing do?
Concord Servicing was founded in 1988 and is headquartered in Scottsdale, United States. Operations focus on delivering a range of IT services, including support and solutions for various business needs. The company serves clients across sectors, with leadership provided by CEO Robert Bertrand. Activities are centered in the technology domain, emphasizing reliable IT infrastructure and maintenance.
Who are the top competitors of Concord Servicing?
Concord Servicing's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Concord Servicing offer?
Concord Servicing offers ConcordPay, Loan Administration Service, and Payment Processing.
How many acquisitions has Concord Servicing made?
Concord Servicing has made 2 acquisitions, including Equiant Financial Services, and Orionfirst.
Who are Concord Servicing's investors?
Concord Servicing has 2 investors. Key investors include Inverness Graham, and GTCR Chicago Private Equity Firm.