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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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 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. 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.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.6M
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First Round
First Round
(07 Jul 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series A - obconnect | Valuation | PayPoint |
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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 |
Investors in obconnect
obconnect has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include PayPoint. 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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Payment collection networks and management solutions are provided for businesses.
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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 obconnect
| 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 - obconnect
| 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 |
Obconnect Comparisons
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. 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 |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
SaaS-based financial software is provided for digital businesses.
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| domain | founded_year | HQ Location |
Financial software solutions for lending, payments, and banking are provided.
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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 Obconnect
Frequently Asked Questions about obconnect
When was obconnect founded?
obconnect was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is obconnect located?
obconnect is headquartered in Watford, United Kingdom. It is registered at Watford, Hertfordshire, United Kingdom.
Is obconnect a funded company?
obconnect is a funded company, having raised a total of $3.58M across 1 funding round to date. The company's 1st funding round was a Series A of $3.58M, raised on Jul 07, 2022.
How many employees does obconnect have?
As of Nov 30, 2022, the latest employee count at obconnect is 2.
What does obconnect do?
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.
Who are the top competitors of obconnect?
What products or services does obconnect offer?
obconnect offers CoP – Confirmation of Payee, TPP Software for Corporates, Open Banking compliance architecture, and VoP – Verification of Payee.
Who are obconnect's investors?
obconnect has 1 investor. Key investors include PayPoint.
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