About Sageworks
Sageworks is a Financial Services company based in Raleigh (United States) founded in 1998 by Brian Hamilton and Sarah Tourville, and was acquired by Accel-KKR in May 2018. Loan origination and risk management software solutions. The company has 209 employees. Its chief executive, as recorded, is Scott Ogle. Sageworks offers products and services including Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform. Its focus areas include FinTech, Banking Tech, Loan Life Cycle Management and Loan Origination. Its competitors include Numerated, Migo and Ready Capital; 2 of its 3 listed competitors have raised funding.
Company details
Sageworks was founded in 1998 and is headquartered in Raleigh, United States. Financial analysis tools, industry data, and risk management solutions are offered to banks and credit unions. A banking platform enables online services, while an integrated lending system automates loan origination. Credit risk management includes decisioning, analysis, and risk rating. Advisory services for portfolio management, along with training and consulting, are also provided.
- InvestorsBoathouse Capital
& 1 more
- Employee Count209
- Acquired byAccel-KKR
(May 2018)
Products & Services of Sageworks
Sageworks offers a comprehensive portfolio of products and services, including Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform.
Automates lending processes to reduce costs and enhance efficiency.
Detects and prevents money laundering and fraud in financial institutions.
Optimizes performance through CECL and stress testing tools.
Provides insights for better decision-making in banking operations.
Funding Insights of Sageworks
- Total Rounds 2
- First Round $1.13M
(Oct 2009)
- Investors Count 1
All 2 funding rounds of Sageworks 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 |
|---|---|---|---|---|---|
| Jan 2018 | Unspecified | – | – | ||
| Oct 2009 | $1.13M | Unspecified | – | – | – |
2 investors in total: 2 institutional.
Investors in Sageworks
Sageworks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Boathouse Capital and Accel-KKR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt investments are focused on multiple sectors. | boathousecapital.com | Wayne, United States | ||
Investments are focused on mid-market software and technology-enabled services firms. | accel-kkr.com | Menlo Park, United States |
Investor details for Sageworks
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People of Sageworks
3 people are tracked at Sageworks (3 in leadership); the tracked headcount is 209.
| Name | Role | Group |
|---|---|---|
Brian Hamilton | Co-Founder | Leadership |
Sarah Tourville | Co-Founder | Leadership |
Scott Ogle | CEO | Leadership |
Complete people profiles for Sageworks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Sageworks
4 dated milestones of Sageworks across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Sageworks is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Unspecified,.
- Exit Acquired by Accel-KKR.
Competitors of Sageworks
Sageworks has 3 listed competitors in our database, 2 of them funded. They include Numerated, Migo and Ready Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| numerated.com | 2017 | Boston, United States | $32M | 148 | Platform for digitizing credit policies | |
| migo.money | 2014 | San Francisco, United States | $38.24M | A cloud-based platform is provided for loan origination to lenders. | ||
| readycapital.com | 2011 | New York, United States | 374 | Diversified lending NBFI |
Detailed competitors of Sageworks
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Web traffic of Sageworks
The website of Sageworks (sageworks.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 18.6% vs previous month
Websites whose visitors overlap most with Sageworks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
profitcents.com | profitcents.com | 100% | #6,315,293 | – | |
| sageworksanalyst.com | 84% | 19.6K | #1,018,544 | View details | |
en.wikipedia.org | en.wikipedia.org | 47% | – | ||
| glassdoor.com | 45% | 30.5M | #1,976 | View details | |
creativeminds.com | creativeminds.com | 33% | – |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Sageworks (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Sageworks
Complete news archive for Sageworks
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Frequently Asked Questions about Sageworks
Sageworks was founded in 1998 and raised its 1st funding round 11 years after it was founded.
Sageworks is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Scott Ogle is the CEO of Sageworks, as recorded in our data.
Sageworks has 209 employees.
Sageworks was founded in 1998 and is headquartered in Raleigh, United States. Financial analysis tools, industry data, and risk management solutions are offered to banks and credit unions. A banking platform enables online services, while an integrated lending system automates loan origination. Credit risk management includes decisioning, analysis, and risk rating. Advisory services for portfolio management, along with training and consulting, are also provided.
Sageworks's top competitors include Numerated, Ready Capital and Migo.
Sageworks offers Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform.
Sageworks has 2 investors. Key investors include Boathouse Capital, and Accel-KKR.
Yes. Sageworks was acquired by Accel-KKR in May 2018.