About obconnect
obconnect is a company based in Watford (United Kingdom) founded in 2019 was acquired by PayPoint in August 2024. obconnect has raised $3.58 million across 1 funding round from investors including PayPoint. The company has 2 employees as of November 30, 2022. obconnect offers products and services including CoP – Confirmation of Payee, TPP Software for Corporates, Open Banking compliance architecture, and VoP – Verification of Payee. obconnect operates in a competitive market with competitors including Zeta, Tink, TrueLayer, Banked and Weavr, among others.
- Headquarter Watford, United Kingdom
- Employees 2 as on 30 Nov, 2022
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Financial Services
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- Legal Name Obconnect Limited
- Date of Incorporation 12 Nov, 2019
- Jurisdiction LONDON, ENGLAND
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Products & Services of obconnect
obconnect offers a comprehensive portfolio of products and services, including CoP – Confirmation of Payee, TPP Software for Corporates, Open Banking compliance architecture, and VoP – Verification of Payee.
Cross-checks recipient names to reduce fraud during payments.
Enables pay-by-bank for corporate customers and account linking.
Helps banks expose data and initiate third-party payments securely.
Verifies payee details to enhance transaction security and accuracy.
Funding Insights of obconnect
obconnect has successfully raised a total of $3.58M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.58 million completed in July 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.
Investors in obconnect
obconnect has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include PayPoint.
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Payment collection networks and management solutions are provided for businesses.
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Investor details for obconnect
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Investments & Acquisitions by obconnect
Investment portfolio details for obconnect
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Financial Statements - obconnect
Detailed financials for obconnect
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Obconnect Comparisons
Peer comparison for obconnect
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Competitors of obconnect
obconnect 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 Zeta, Tink, TrueLayer, Banked and Weavr, among others.
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Payment and banking solutions are provided to users and banks.
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Tink is recognized as a leading European open banking platform.
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Provider of open banking API solutions for payment institutions
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Open banking APIs for payments and data access are provided.
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SaaS-based financial software is provided for digital businesses.
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Financial software solutions for lending, payments, and banking are provided.
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Detailed competitors of obconnect
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Latest news on Obconnect
Complete news archive for obconnect
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Frequently Asked Questions about obconnect
obconnect was founded in 2019 and raised its 1st funding round 3 years after it was founded.
obconnect is headquartered in Watford, United Kingdom. It is registered at Watford, Hertfordshire, United Kingdom.
obconnect is a funded company, having raised a total of $3.58M across 1 funding round to date.
As of Nov 30, 2022, the latest employee count at obconnect is 2.
obconnect was founded in 2019 in Watford, United Kingdom, focusing on the fintech sector. API solutions for open banking are developed and supplied to banks and financial institutions. Key offerings include a cloud-enabled compliance service and ASPSP Module for integrating banking systems, alongside a TPP framework and plug-and-play connectivity tools. Delivery of banking services to customers via APIs is facilitated for financial institutions.
obconnect offers CoP – Confirmation of Payee, TPP Software for Corporates, Open Banking compliance architecture, and VoP – Verification of Payee.
obconnect has 1 investor. Key investors include PayPoint.