About SAB
SAB is a Financial Services company based in Fontenay-sous-bois (France) founded in 1989 by Henri Assaf and Olivier Peccoux, and was acquired by Sopra Banking Software in April 2019. Provider of core banking software. SAB has raised $11.17 million across 1 funding round from investors including International Finance Corporation and Sopra Banking Software. The company was acqui-hired. Its focus areas include FinTech, Banking Tech and Core Banking Platforms.
Company details
SAB was established in 1989 as a developer of core banking software. The platform is built to handle multi-establishment and multi-branch setups, with support for multiple accounts, languages, currencies, and channels. Retail and commercial banking needs are addressed through features such as account management, invoicing, transaction processing, security controls, and business services oversight. Operations span various financial institutions globally.
- Headquarters Fontenay-sous-bois, France
- Founders Henri Assaf, Olivier Peccoux
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sab2i.com
- Social LinkedIn X Facebook
- Acquired by Sopra Banking Software (Apr 2019)
- Total Equity Funding$11.17M (USD)
in 1 rounds
- Latest Funding Round$11.17M (USD), Series B
May 2015
- InvestorsInternational Finance Corporation
& 1 more
- Acquired bySopra Banking Software
(Apr 2019)
Funding Insights of SAB
SAB has successfully raised a total of $11.17M through 1 strategic funding round. The most recent funding activity was a Series B round of $11.17 million completed in May 2015. 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 $11.17M
- Total Rounds 1
- Last Round Series B — $11.17M
- First Round $11.17M
(May 2015)
- Investors Count 1
All 1 funding rounds of SAB with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $11.17M | Series B | – | – |
2 investors in total: 2 institutional.
Investors in SAB
SAB has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation and Sopra Banking Software.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Banking and financing platforms are developed for financial institutions. | 1968 | soprabanking.com | Annecy, France |
Investor details for SAB
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of SAB
2 people are tracked at SAB (2 in leadership).
| Name | Role | Group |
|---|---|---|
Henri Assaf | Co-Founder | Leadership |
Olivier Peccoux | Co-Founder | Leadership |
Complete people profiles for SAB
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of SAB
3 dated milestones of SAB across 30 years, from founding to its latest funding, stage changes and deals.
- Founded SAB is founded.
- Funding First funding round of $11.2M.
- Exit Acquired by Sopra Banking Software.
Web traffic of SAB
Websites that share an audience with SAB (sab2i.com).
Websites whose visitors overlap most with SAB. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sigmataxpro.com | 100% | 31.5K | #1,456,396 | View details | |
prep.taxact.com | prep.taxact.com | 99% | – | ||
| accountex.co.uk | 99% | 30.5K | #1,779,497 | View details | |
atxinc.com | atxinc.com | 80% | – | ||
banknews.com | banknews.com | 60% | #7,663,983 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for SAB
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- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Sab
Complete news archive for SAB
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Frequently Asked Questions about SAB
SAB was founded in 1989 and raised its 1st funding round 26 years after it was founded.
SAB is headquartered in Fontenay-sous-bois, France. It is registered at Fontenay-sous-bois, Val-de-marne, France.
SAB is a funded company, having raised a total of $11.17M across 1 funding round to date. The company's 1st funding round was a Series B of $11.17M, raised on May 2015.
SAB was established in 1989 as a developer of core banking software. The platform is built to handle multi-establishment and multi-branch setups, with support for multiple accounts, languages, currencies, and channels. Retail and commercial banking needs are addressed through features such as account management, invoicing, transaction processing, security controls, and business services oversight. Operations span various financial institutions globally.
SAB has 2 investors. Key investors include International Finance Corporation, and Sopra Banking Software.
Yes. SAB was acquired by Sopra Banking Software in April 2019.