About Corfinancial
Corfinancial is a company based in London (United Kingdom) founded in 1996.. Corfinancial has raised $11.48 million across 5 funding rounds. The company has 42 employees as of December 31, 2023. Corfinancial offers products and services including BeaconVu, BITA Risk, Salerio, SureVu, and Costars. Corfinancial operates in a competitive market with competitors including ION Group, nCino, Ohpen, Backbase and Nymbus, among others.
- Headquarter London, United Kingdom
- Employees 42 as on 31 Dec, 2023
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cor Financial Solutions Limited
- Date of Incorporation 19 Sep, 1996
- Jurisdiction LONDON
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Annual Revenue
$10.12 M (USD)10as on Dec 31, 2022
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Net Profit
$1.55 M (USD)76as on Dec 31, 2022
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EBITDA
$1.32 M (USD)92as on Dec 31, 2022
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Total Equity Funding
$11.48 M (USD)
in 5 rounds
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Latest Funding Round
$7.56 M (USD), Unspecified
Sep 24, 2001
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Investors
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Employee Count
42
as on Dec 31, 2023
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Products & Services of Corfinancial
Corfinancial offers a comprehensive portfolio of products and services, including BeaconVu, BITA Risk, Salerio, SureVu, and Costars. 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.
Provides monitoring and analytics for private client portfolios.
Automates trade confirmation and settlement processes.
Manages investment platforms for banks and credit unions.
Handles failed trade management and penalties processing.
Offers fixed income accounting for financial institutions.
Supports ESG monitoring and suitability profiling.
Funding Insights of Corfinancial
Corfinancial has successfully raised a total of $11.48M across 5 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.56 million completed in September 2001. 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 5
- Last Round Unspecified — $7.6M
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First Round
First Round
(27 Feb 1998)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2001 | Amount | Unspecified - Corfinancial | Valuation |
investors |
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| Mar, 2001 | Amount | Unspecified - Corfinancial | Valuation |
investors |
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| May, 2000 | Amount | Unspecified - Corfinancial | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Corfinancial
| 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 - Corfinancial
| 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 |
Corfinancial Comparisons
Competitors of Corfinancial
Corfinancial 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, Backbase and Nymbus, 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 |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
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 |
AI-powered banking platforms are provided for operational growth.
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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 |
|---|---|---|---|---|
| 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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Latest news on Corfinancial
Frequently Asked Questions about Corfinancial
When was Corfinancial founded?
Corfinancial was founded in 1996 and raised its 1st funding round 2 years after it was founded.
Where is Corfinancial located?
Corfinancial is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Corfinancial a funded company?
Corfinancial is a funded company, having raised a total of $11.48M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $1.77M, raised on Feb 27, 1998.
How many employees does Corfinancial have?
As of Dec 31, 2023, the latest employee count at Corfinancial is 42.
What is the annual revenue of Corfinancial?
Annual revenue of Corfinancial is $10.12M as on Dec 31, 2022.
What does Corfinancial do?
Founded in 1996 and based in London, United Kingdom, Corfinancial operates in the financial software sector. Solutions are offered for various institutions, including integrated banking systems like abraxsys, asset liability management via almeter, and risk management through bitarisk. Additional services cover post-trade processing with salerio, portfolio accounting, investment administration, and sanctions monitoring. Operations focus on addressing diverse financial needs across institutions.
Who are the top competitors of Corfinancial?
Corfinancial's top competitors include nCino, Thought Machine and Tuum.
What products or services does Corfinancial offer?
Corfinancial offers BeaconVu, BITA Risk, Salerio, SureVu, and 2 more products and services.
What is Corfinancial's valuation?
The valuation of Corfinancial is $4.1M as of Sep 2001.