About Sofort Banking
Sofort Banking is a company based in Gauting (Germany) founded in 2005 was acquired by Klarna in December 2013.. The company has 130 employees as of December 31, 2019. Sofort Banking operates in a competitive market with competitors including SEPAexpress, CashLink, Payment Network AG, remipay and SEPAone, among others.
- Headquarter Gauting, Germany
- Employees 130 as on 31 Dec, 2019
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Sofort Gmbh
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Funding Insights of Sofort Banking
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Grant - Sofort Banking | Valuation |
investors |
| 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 Sofort Banking
Sofort Banking has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Klarna and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Point-of-sale financing is facilitated through an online platform for purchases.
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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 Sofort Banking
| 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 - Sofort Banking
| 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 |
Sofort Banking Comparisons
Competitors of Sofort Banking
Sofort Banking 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 SEPAexpress, CashLink, Payment Network AG, remipay and SEPAone, 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 |
SEPA direct debit payments are processed via an API-linked gateway.
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| domain | founded_year | HQ Location |
Delivers a secure money transfer solution using isolated payment links.
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| domain | founded_year | HQ Location |
Online direct debit payments are enabled for European eCommerce merchants.
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| domain | founded_year | HQ Location |
Operates an app-based e-wallet facilitating secure B2B and B2C transactions.
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| domain | founded_year | HQ Location |
Offers API-based SEPA Direct Debit for business transactions and consumer protection.
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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 Sofort Banking
Frequently Asked Questions about Sofort Banking
When was Sofort Banking founded?
Sofort Banking was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Where is Sofort Banking located?
Sofort Banking is headquartered in Gauting, Germany. It is registered at Gauting, Bavaria, Germany.
How many employees does Sofort Banking have?
As of Dec 31, 2019, the latest employee count at Sofort Banking is 130.
What does Sofort Banking do?
Sofort Banking was established in 2005 in Gauting, Germany, within the fintech sector focused on online payments. Direct debit services are provided to enable secure transactions for physical and digital goods over the internet. A range of banking products tailored for eCommerce is offered, allowing users to select the payment method and authorize debits from their accounts. Operations center on European markets with integration for various online platforms.
Who are the top competitors of Sofort Banking?
Sofort Banking's top competitors include SEPAexpress, Payment Network AG and CashLink.
Who are Sofort Banking's investors?
Sofort Banking has 2 investors. Key investors include Klarna, and European Union.
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