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As of Jan 2020, these 33 SaaS companies are the largest in the Finance Software space.

The Top Finance Software SaaS Companies

This list tracks the largest private B2B Finance Software SaaS companies by revenue. In total, this list features 33 companies with combined revenues of $424.8M.

These companies have raised a total of $230.8M. Together, these Finance Software saas companies serve 443K customers and employ over 4K on their teams.

Divider

Highlights

Top SaaS Companies with $5 - $10M ARR


02
X
Xibao

Finance Software

Xibao is a SaaS platform that focuses on corporate business travel reimbursement and expense management.

$14M
$950K
40K
223
2013
China
03
e
enpay

Finance Software

enpay is a SaaS platform that offers cashless collection services.

$12M
-
-
289
2020
Japan
04
V
Vneuron

Finance Software

Vneuron provides Cloud and On-Premise Technologies for Anti Money Laundering (AML) and Digital Experience (DX/DXP).

$12M
$7M
200
178
2007
Tunisia
05
BBM
Bought By Many

Finance Software

Bought By Many is an award-winning pet insurance provider that is disrupting insurance distribution.

$10M
$98M
400K
141
2012
United Kingdom
06
s
soudang.com

Finance Software

soudang.com develops SaaS products for the finance industry.

$9M
$714K
-
205
2014
China
07
S
Spiff

Finance Software

Developer of commission planning platform designed to automate commissions and motivate sales teams. The company's platform uses machine learning to connect with all the commission systems including ERP, payments and payroll, as well as matches records and eliminates errors between systems, enabling clients to provide their sales teams with proper tools to generate more sales easily.

$6M
$62M
2K
113
2017
United States
08
S
Scratch-it

Finance Software

The Zembula platform empowers enterprise marketers to build and implement interactive content across multilpe channels and measure success.

$4M
-
-
55
2013
United States
09
FUB
Follow Up Boss

Finance Software

Follow Up Boss is a real estate lead management system.

$4M
-
-
50
2011
United States
10
BECS
BECS

Finance Software

BECS provides new retail solutions, integrated electronic invoice solutions, and new retail SaaS services.

$4M
$3M
-
78
2010
China
1 - 10 of 33Next

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.