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As of Jan 2020, these 21 SaaS companies are the largest in the Banking Software space.

The Top Banking Software SaaS Companies

This list tracks the largest private B2B Banking Software SaaS companies by revenue. In total, this list features 21 companies with combined revenues of $35.8M.

These companies have raised a total of $77.1M. Together, these Banking Software saas companies serve 224 customers and employ over 655 on their teams.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
D
Dinie

Banking Software

Dinie provides flexible, convenient and easy-to-use financing solutions for small businesses embedded into digital platforms.

$3M
-
-
37
2019
Brazil
03
FCSBF
FinCompare - Smarter Business Finance

Banking Software

FinCompare is a SaaS enabled marketplace. Helping advisors and businesses to find, compare, and close the financing solutions.

$3M
$13M
-
65
2016
Germany
04
FC
FirstClose

Banking Software

FirstClose is a provider of best-in-class property & borrower data intelligence and settlement services nationwide.

$2M
-
-
49
2000
United States
05
ZD
ZipDin

Banking Software

ZipDin is a fintech company that provides SAAS for banking, financial and private payroll loan services.

$2M
-
-
34
2014
Brazil
06
FINBOA
FINBOA

Banking Software

FINBOA provides a SaaS automation platform that helps banks track disputes and improve customer experience.

$2M
$140K
70
37
2016
United States
07
TS
TickSmith

Banking Software

TickSmith provides a cloud-based Enterprise Data Web Store that enables firms to monetize their data

$1M
$27M
-
63
2012
Canada
08
HAWKAI
HAWK:AI

Banking Software

Money-laundering detection & investigation platform. SaaS, Cloud, Artificial Intelligence, Machine Learning.

$1M
-
-
30
2018
Germany
09
LF
LendingFront

Banking Software

Small business lending software platform for banks and other financial institutions

$697K
$4M
-
13
2014
United States
10
TTS
TTS

Banking Software

ingenium is a NYC based group of talent agents who specialize in representing the most sought after recruits in webtech, mobile, creative technology, front end development, product, UX, UI, fintech, corporate IT, account, strategy, PM and sales.

$641K
-
-
22
1977
United States
1 - 10 of 21Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.