About Software Group
Software Group is a company based in Sofia (Bulgaria) founded in 2009 by Kalin Radev.. Software Group has raised $8.58 million across 3 funding rounds from investors including Invenio Partners, Postscriptum Ventures and BrightCap Ventures. The company has 17 employees as of April 06, 2024. Software Group offers products and services including Digital Banking Platform, Mobile Wallet, and Agency Banking. Software Group operates in a competitive market with competitors including Amount, MANTL, Tyfone, Bankingly and Asseco, among others.
- Headquarter Sofia, Bulgaria
- Employees 17 as on 06 Apr, 2024
- Founders Kalin Radev
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Swg Solutions India Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$547.86 K (USD)3.53as on Mar 31, 2023
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Net Profit
$-36.29 K (USD)-160.81as on Mar 31, 2023
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EBITDA
$-5.2 K (USD)-115.57as on Mar 31, 2023
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Total Equity Funding
$8.58 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Invenio Partners
& 3 more
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Employee Count
17
as on Apr 06, 2024
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Products & Services of Software Group
Software Group offers a comprehensive portfolio of products and services, including Digital Banking Platform, Mobile Wallet, and Agency Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for digital banking and neobanking services
Solution for secure mobile wallet and transaction services
System for agency banking and financial inclusion
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Leadership Team
4 people
Sales and Marketing
3 people
Operations Team
1 people
Software Development Team
1 people
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Funding Insights of Software Group
Software Group has successfully raised a total of $8.58M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(06 Jul 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Post-IPO - Software Group | Valuation |
investors |
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| Sep, 2018 | Amount | Series A - Software Group | Valuation | BrightCap Ventures |
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| Jul, 2016 | Amount | Series A - Software Group | Valuation | BlackPeak Capital , Postscriptum Ventures |
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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 Software Group
Software Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Invenio Partners, Postscriptum Ventures and BrightCap Ventures. 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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A private equity fund focused on sustainable investments is operated.
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Founded Year | Domain | Location | |
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BrightCap Ventures is based in Sofia as a VC fund.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are managed by BlackPeak Capital.
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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 Software Group
| 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 - Software Group
| 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 |
Software Group Comparisons
Competitors of Software Group
Software Group 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 Amount, MANTL, Tyfone, Bankingly and Asseco, 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 |
Omnichannel banking solutions are provided for banks and lenders.
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| domain | founded_year | HQ Location |
MANTL is recognized for providing account origination software to banks and credit unions.
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| domain | founded_year | HQ Location |
Omni-channel banking solutions are provided for mobile financial services.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel banking solutions are provided to financial institutions.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for internet and mobile platforms.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and credit unions.
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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 Software Group
Frequently Asked Questions about Software Group
When was Software Group founded?
Software Group was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Software Group located?
Software Group is headquartered in Sofia, Bulgaria.
Who is the current CEO of Software Group?
Kalin Radev is the current CEO of Software Group. They have also founded this company.
Is Software Group a funded company?
Software Group is a funded company, having raised a total of $8.58M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.56M, raised on Jul 06, 2016.
How many employees does Software Group have?
As of Apr 06, 2024, the latest employee count at Software Group is 17.
What is the annual revenue of Software Group?
Annual revenue of Software Group is $547.86K as on Mar 31, 2023.
What does Software Group do?
The company was founded in 2009 and is headquartered in Sofia, Bulgaria. Software solutions for delivery channels and integrations are offered to financial institutions, including banks, telecom companies, credit unions, microfinance institutions, fintech firms, and saving groups. Processes such as remote account opening, loan origination, and payment switching are digitized through these services, supporting operational efficiency in the financial sector.
Who are the top competitors of Software Group?
What products or services does Software Group offer?
Software Group offers Digital Banking Platform, Mobile Wallet, and Agency Banking.
Who are Software Group's investors?
Software Group has 4 investors. Key investors include Invenio Partners, Postscriptum Ventures, BrightCap Ventures, and BlackPeak Capital.
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