BackBase
Founded Year
2003Stage
Private Equity | AliveTotal Raised
$127.83MValuation
$0000Last Raised
$127.83M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-36 points in the past 30 days
About BackBase
BackBase is a company that focuses on providing an Engagement Banking Platform in the financial technology sector. The company offers a platform that enables banks to modernize their customer journeys and business operations, by gradually replacing or decomposing legacy systems and constructing a modern customer engagement orchestration architecture. The platform is primarily sold to the banking industry. It was founded in 2003 and is based in Amsterdam, Netherlands.
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ESPs containing BackBase
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The cloud-based core banking solutions market offers financial institutions the opportunity to modernize outdated legacy systems and provide customers with personalized products and services. The market is competitive, with vendors offering cloud-native solutions that are scalable, secure, and cost-effective. The use of APIs and microservices architecture allows for quick integration with other sy…
BackBase named as Challenger among 15 other companies, including Temenos, Oracle, and Fiserv.
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Research containing BackBase
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned BackBase in 4 CB Insights research briefs, most recently on Jan 4, 2024.
Jan 4, 2024
The core banking automation market map
Expert Collections containing BackBase
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BackBase is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Capital Markets Tech
1,001 items
Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
Fintech
13,398 items
Excludes US-based companies
Digital Banking
108 items
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest BackBase News
Sep 18, 2024
By Gloria Mathias Share Backbase , the Engagement Banking Platform, has announced that it has joined the Jack Henry™ Vendor Integration Program (VIP). The vendor integration program is designed to help ensure that Jack Henry’s customers can quickly deploy third-party products. Participation in the program will provide Backbase with access to Jack Henry’s technical resources, enabling the Engagement Banking Platform to integrate with Symitar®. The Engagement Banking Platform integrates with Symitar via SymXchange™, a services-based programming interface that enables third-party vendors and credit unions to access the platform’s core data and business rules. Data integrity is maintained throughout any data exchange because access to business rules and data is managed through a service layer that governs these interactions. Traditionally, credit unions faced expensive integrations and maintenance with a slow implementation time. This is due to a lack of unified channel solutions, no pre-integrated tech stacks, and too many point-to-point only solutions. With this integration, credit unions will no longer face those issues and will now be able to streamline their core banking connectivity while leveraging industry-leading member journeys. With over 400 composable capabilities now pre-integrated to Jack Henry Symitar, the Backbase Engagement Banking platform gives credit unions the flexibility to rapidly industrialise and modernise their digital channel infrastructure and incrementally hollow out their legacy cores. “All too often, credit unions struggle with broken member experiences and slow time to market, which can greatly impact their ability to grow. This integration with Jack Henry’s Symitar solves all those problems and more,” said Roland Booijen, GM of Ecosystems at Backbase. “By providing this functionality with our Engagement Banking Platform, we’re further delivering on our promise to our customers. We provide the backbone for their digital transformation, allowing them to stay competitive and evolve in an ever-changing market.” Jack Henry’s VIP service removes the customer from the middle, providing vendors with direct access to Jack Henry’s technical resources and test systems. Previous Article Digital monthly issue Global coverage
BackBase Frequently Asked Questions (FAQ)
When was BackBase founded?
BackBase was founded in 2003.
Where is BackBase's headquarters?
BackBase's headquarters is located at Jacob Bontiusplaats 9, Amsterdam.
What is BackBase's latest funding round?
BackBase's latest funding round is Private Equity.
How much did BackBase raise?
BackBase raised a total of $127.83M.
Who are the investors of BackBase?
Investors of BackBase include Motive Partners.
Who are BackBase's competitors?
Competitors of BackBase include Nymbus, Apiture, Mambu, Technisys, Alkami Technology and 7 more.
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Compare BackBase to Competitors
Finastra provides a range of financial services, treasury, lending, and banking software solutions. The company offers a wide range of services including lending and corporate banking, payments, treasury and capital markets, universal banking, and investment management. It primarily serves the financial technology industry. It was founded in 2017 and is based in London, United Kingdom.
BrightFi is a financial technology company that provides digital banking services that help financial institutions and non-banks of all sizes who want to launch banking products, configure, test and deploy new products or digital brands at a fraction of the time and cost.
Nymbus operates in the financial services industry, providing alternatives to traditional banking business models. The company offers products and solutions designed to enable financial institutions of all sizes to grow and serve their customers without the need for core conversion. Nymbus primarily caters to banks and credit unions looking to launch digital banking services, create niche financial brands, or deploy innovative core banking platforms. It was founded in 2015 and is based in Jacksonville, Florida.
Thought Machine specializes in core banking software and operates within the financial technology sector. The company offers a cloud-native core banking platform, Vault Core, and a payment processing platform, Vault Payments, which enable banks to create and manage a wide range of financial products and payment schemes. Thought Machine's products are designed to provide banks with flexibility, control, and the ability to deploy on any cloud infrastructure. It was founded in 2014 and is based in London, England.
Apiture is a company that focuses on digital banking solutions within the financial technology industry. The company offers a digital banking platform that provides online and mobile banking solutions, including API banking, digital account opening, and data intelligence services. These services are primarily targeted towards financial institutions such as community banks and credit unions. It was founded in 2017 and is based in Wilmington, North Carolina.
Urban FT is a leading provider in the Banking and Payments industry, specializing in AI-powered mobile imaging and process automation solutions. The company offers technology that enables mobile image capture, data extraction and validation, decisioning systems, and settlement and reconciliation processing, all designed to operate with minimal human intervention. Urban FT's solutions cater primarily to financial institutions, enhancing their efficiency and operational capabilities. It was founded in 2012 and is based in New York, New York.
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