About SOFICO
SOFICO is a company based in Ghent (Belgium) founded in 1988 was acquired by Astorg Partners in November 2023. It operates as a SaaS (Software-as-a-Service) and Managed Services. The company has 30 employees. SOFICO has completed 1 acquisition, including Vinli. SOFICO offers products and services including SOFICO Miles Enterprise, SOFICO Miles Fleet Modules, and SOFICO Miles Retail Modules. SOFICO operates in a competitive market with competitors including AutoFi, CarPay, Vitu, Vero and StoneEagle F&I, among others.
- Headquarter Ghent, Belgium
- Employees 30
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website sofico.global/en
- Social LinkedIn Facebook Instagram
- Acquired by Astorg Partners (Nov 2023)
- Annual Revenue$80.43 M (USD)24as on Dec 31, 2023
- Net Profit$23.62 M (USD)77as on Dec 31, 2023
- EBITDA$25.49 M (USD)70as on Dec 31, 2023
- InvestorsApheon
& 1 more
- Employee Count30
- Investments & Acquisitions
- Acquired byAstorg Partners
(Nov 2023)
Products & Services of SOFICO
SOFICO offers a comprehensive portfolio of products and services, including SOFICO Miles Enterprise, SOFICO Miles Fleet Modules, and SOFICO Miles Retail Modules.
Platform for managing finance, leasing, mobility contracts efficiently.
Modules to streamline sales and customer journey processes.
Tools to enhance retail finance operations with flexibility.
Funding Insights of SOFICO
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of SOFICO 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 |
|---|---|---|---|---|---|
| Mar 2020 | – | Private Equity Round | – | Apheon | – |
2 investors in total: 2 institutional.
Investors in SOFICO
SOFICO has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Apheon and Astorg.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Apheon is engaged in private equity investments across Europe. | – | apheon.com | - | |
Astorg is engaged in private equity investment management. | – | astorg.com | Paris, France |
Investor details for SOFICO
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 SOFICO
28 people are tracked at SOFICO (10 in leadership, 18 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
Marc Poot | General Manager - Japan | Leadership |
Graeme Huttley | Group Finance Director | Leadership |
Bram Wallach | VP Of Product | Leadership |
David Bowers | Head Of Pricing And Commercial Operations | Leadership |
Piet Maes | CTO & Co-founder | Leadership |
Mike Reinlein | General Manager, North America | Leadership |
Hugo Spalding | Sales Director (uk) | Leadership |
Gémar Hompes | CEO | Leadership |
Michael Deroost | Chief Commercial Officer (cco) | Leadership |
Koenraad van Grimbergen | COO APAC And NSAS | Leadership |
Ben de Pauw | Product Manager | Team |
Richard van Rij | International Senior Business Developer | Team |
Christof M. | Productmanager | Team |
Adel Habib | Product Manager - Relation Management | Team |
Gregory Snauwaert | Application Engineer | Team |
Petar Pilipović | Product Manager | Team |
Carlos Caceres | Business Development Mgr - Asia Pacific | Team |
Ruben Bonefaas | Country Manager Netherlands | Team |
Lisa Vercruysse | Project Support Officer | Team |
Wim K. | Product Manager | Team |
8 more people are available in the full profile.
Complete people profiles for SOFICO
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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Investments & Acquisitions by SOFICO
SOFICO has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vinli.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobility data intelligence and connected car platforms are provided. | vin.li | Dallas, United States | 2014 | Jun 2026 | •••• |
Complete acquisition details for SOFICO
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SOFICO
4 dated milestones of SOFICO across 38 years, from founding to its latest funding, stage changes and deals.
- Founded SOFICO is founded.
- Funding First funding round.
- Exit Acquired by Astorg Partners.
- Acquisition Acquires Vinli.
Competitors of SOFICO
SOFICO 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 AutoFi, CarPay, Vitu, Vero and StoneEagle F&I, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autofi.com | 2015 | San Francisco, United States | $127.06M | 150 | Cloud-based loan management is provided for automobile financing. | |
| carpay.com | 2015 | Wilmington, United States | $10.11M | – | Loan lifecycle management software is offered for purchase financing. | |
| vitu.com | 2015 | Agoura Hills, United States | – | 418 | Vehicle registration and titling are facilitated via SaaS platform. | |
| vero-technologies.com | 2020 | New York, United States | $8.5M | 16 | Asset-based lending solutions are provided through modern infrastructure technology. | |
| se-fi.com | 2019 | Richardson, United States | – | 113 | F&I management solutions are provided for auto-dealers. | |
| evenflow.ai | 2020 | – | $1.5M | – | Provider of AI-powered finance management solutions for automotive dealerships | |
| selectfi.com | 2023 | Buffalo, United States | $2.82M | – | Predictive lending solutions are developed for automotive dealerships. |
Detailed competitors of SOFICO
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SOFICO
The website of SOFICO (sofico.global) receives about 11.2K visits a month.
- Monthly visits11.2K
▼ 4.5% vs previous month
Latest news on Sofico
Complete news archive for SOFICO
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to SOFICO
10 companies that operate in the same segment as SOFICO (Automotive Technology & Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | – | 834 | |
Predictive marketing and sales platform | 1990 | San Francisco, California, United States | USD 332.76 M | – | – | |
Digital media recognition solutions are provided for content management. | 1993 | Emeryville, California, United States | USD 50.99 M | – | 248 | |
AI-driven dashcams and road safety solutions are provided for drivers. | 2015 | Tel Aviv, Israel | USD 149.5 M | – | – | |
Dash cameras and automotive accessories are supplied by Nextbase. | 1999 | United Kingdom | USD 12.56 M | – | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – | |
Automotive insurance is delivered via an online platform. | 2016 | Chicago, Illinois, United States | USD 457.2 M | – | – | |
AI-powered imaging for vehicle photography is provided by the platform. | 2018 | Gurugram, Haryana, India | USD 25.57 M | – | – |
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Frequently Asked Questions about SOFICO
SOFICO was founded in 1988 and raised its 1st funding round 32 years after it was founded.
SOFICO is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
SOFICO has 30 employees.
Annual revenue of SOFICO is $80.43M as on Dec 31, 2023.
Software solutions are developed by SOFICO to support automotive finance, leasing, and mobility management. Operations are streamlined for companies globally through a comprehensive product suite. Focus is placed on contract management, retail services, and fleet services. Innovative tools are offered to simplify processes, enhance insights, and address industry challenges. Sectors served include automotive finance, vehicle leasing, commercial finance, equipment leasing, and mobility solutions. A cloud-based platform is utilized to manage unlimited contract types across various business lines. Expertise is extended through consultancy, training, and cloud transformation services.
SOFICO's top competitors include AutoFi, StoneEagle F&I and Vero.
SOFICO offers SOFICO Miles Enterprise, SOFICO Miles Fleet Modules, and SOFICO Miles Retail Modules.
SOFICO has made 1 acquisition, including Vinli.
Yes. SOFICO was acquired by Astorg Partners in November 2023.