About Saxo Bank
Saxo Bank is a company based in Copenhagen (Denmark) founded in 1992 by Mark Anthony Hauschildt and Kim Fournais was acquired by J. Safra Sarasin in March 2025.. Saxo Bank has raised $548.49 million across 12 funding rounds from investors including General Atlantic, Geely Holding Group and Sampo. The company has 1 employees as of March 23, 2024. Saxo Bank has completed 1 acquisition, including Saxo. Saxo Bank operates in a competitive market with competitors including Robinhood, Trade Republic, Webull, Pepperstone and IG, among others.
- Headquarter Copenhagen, Denmark
- Employees 1 as on 23 Mar, 2024
- Founders Mark Anthony Hauschildt, Kim Fournais
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Saxo Financial Services Private Limited
- Date of Incorporation 12 Apr, 2012
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2018
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Net Profit
$-115.02 (USD)80.65as on Mar 31, 2018
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EBITDA
$0 (USD)100as on Mar 31, 2018
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Total Equity Funding
$548.49 M (USD)
in 12 rounds
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Latest Funding Round
$146.2 M (USD), Series C
Oct 01, 2019
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Investors
General Atlantic
& 7 more
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Employee Count
1
as on Mar 23, 2024
- Investments & Acquisitions
- Acquired by
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Software Development Team
80 people
Senior Team
39 people
Leadership Team
26 people
Finance and Accounting
22 people
Head Team
17 people
Sales and Marketing
16 people
Product Management Team
15 people
Legal and Compliance
14 people
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Funding Insights of Saxo Bank
Saxo Bank has successfully raised a total of $548.49M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $146.2 million completed in October 2019. 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 12
- Last Round Series C — $146.2M
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First Round
First Round
(29 Mar 2001)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series C - Saxo Bank | Valuation |
investors |
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| Jun, 2018 | Amount | Series B - Saxo Bank | Valuation | Damgaard Company |
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| Apr, 2015 | Amount | Series B - Saxo Bank | Valuation |
investors |
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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 Saxo Bank
Saxo Bank has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include General Atlantic, Geely Holding Group and Sampo. 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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Small and medium-sized software companies are funded by Damgaard Company.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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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 Saxo Bank
Saxo Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Saxo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online stock brokerage services are provided to investors.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Saxo Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Saxo Bank Comparisons
Competitors of Saxo Bank
Saxo Bank 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 Robinhood, Trade Republic, Webull, Pepperstone and IG, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commission-free trading and investment services are provided by Robinhood.
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| domain | founded_year | HQ Location |
Multi-asset trading platform for stocks, ETFs, and cryptocurrencies is provided.
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| domain | founded_year | HQ Location |
Broker-based online trading platform
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| domain | founded_year | HQ Location |
Trading platform for currencies, index CFDs, precious metals, energies, and cryptocurrencies
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| domain | founded_year | HQ Location |
IG is recognized as a leading CFD trading provider globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Saxo Bank
Frequently Asked Questions about Saxo Bank
When was Saxo Bank founded?
Saxo Bank was founded in 1992 and raised its 1st funding round 9 years after it was founded.
Where is Saxo Bank located?
Saxo Bank is headquartered in Copenhagen, Denmark.
Who is the current CEO of Saxo Bank?
Kim Fournais is the current CEO of Saxo Bank. They have also founded this company.
Is Saxo Bank a funded company?
Saxo Bank is a funded company, having raised a total of $548.49M across 12 funding rounds to date. The company's 1st funding round was a Series B of $33.42M, raised on Mar 29, 2001.
How many employees does Saxo Bank have?
As of Mar 23, 2024, the latest employee count at Saxo Bank is 1.
What does Saxo Bank do?
Saxo Bank was founded in 1992 in Copenhagen, Denmark, and functions as an online trading platform within the financial services sector. Access to forex, options, and CFDs is provided, along with self-managed investment options, automated trading strategies, analytical tools, and market insights. Operations are centered in Europe, supporting global clients through digital interfaces for investment and risk management.
Who are the top competitors of Saxo Bank?
Saxo Bank's top competitors include Robinhood, Trade Republic and Webull.
How many acquisitions has Saxo Bank made?
Saxo Bank has made 1 acquisition, including Saxo.
Who are Saxo Bank's investors?
Saxo Bank has 8 investors. Key investors include General Atlantic, Geely Holding Group, Sampo, J. Safra Sarasin, and Banco Espirito Santo.
What is Saxo Bank's valuation?
The valuation of Saxo Bank is $1.6B as of Oct 2019.
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