About Finacle
Finacle is a company based in Bengaluru (India) founded in 1999. It operates as a SaaS, and B2B. The company has 2,644 employees as of March 31, 2023. Finacle offers products and services including Core Banking Solution, Digital Engagement Suite, Finacle on Cloud, and Payments Suite. Finacle operates in a competitive market with competitors including nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
- Headquarter Bengaluru, India
- Employees 2644 as on 31 Mar, 2023
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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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- Legal Name Edgeverve Systems Limited
- Date of Incorporation 14 Feb, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$422.95 M (USD)15.24as on Mar 31, 2023
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Net Profit
$111.81 M (USD)23.93as on Mar 31, 2023
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EBITDA
$147.55 M (USD)21.94as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
2644
as on Mar 31, 2023
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Products & Services of Finacle
Finacle offers a comprehensive portfolio of products and services, including Core Banking Solution, Digital Engagement Suite, Finacle on Cloud, and Payments Suite. 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 core banking functionalities for efficient operations
Enables omnichannel interactions for retail banking
Offers scalable cloud-based banking infrastructure
Facilitates secure and real-time payment transactions
Funding Insights of Finacle
| 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 |
Investments & Acquisitions by Finacle
| 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 - Finacle
| 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 |
Finacle Comparisons
Competitors of Finacle
Finacle 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 nCino, ION Group, Tuum, Thought Machine and Backbase, 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 |
Cloud-based API platform for banking operations is provided.
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| 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-native API-first core banking platform is provided for banks.
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| domain | founded_year | HQ Location |
Cloud-based platform for core banking is developed via APIs.
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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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| 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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| 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 Finacle
Frequently Asked Questions about Finacle
When was Finacle founded?
Finacle was founded in 1999.
Where is Finacle located?
Finacle is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
How many employees does Finacle have?
As of Mar 31, 2023, the latest employee count at Finacle is 2,644.
What is the annual revenue of Finacle?
Annual revenue of Finacle is $422.95M as on Mar 31, 2023.
What does Finacle do?
Finacle, part of Infosys, delivers digital banking solutions including core banking and cloud services. It helps banks engage customers through omnichannel platforms, innovate with AI and data tools, operate efficiently via automation, and transform operations for scalability. Serving clients across 100 countries, it focuses on enhancing banking experiences and resilience.
Who are the top competitors of Finacle?
Finacle's top competitors include nCino, Thought Machine and Tuum.
What products or services does Finacle offer?
Finacle offers Core Banking Solution, Digital Engagement Suite, Finacle on Cloud, and Payments Suite.