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As of Jan 2020, these 7 SaaS companies are the largest in the Financial Services Software space.

The Top Financial Services Software SaaS Companies

This list tracks the largest private B2B Financial Services Software SaaS companies by revenue. In total, this list features 7 companies with combined revenues of $4.3M.

These companies have raised a total of $11.4M. Together, these Financial Services Software saas companies serve 0 customers and employ over 60 on their teams.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
MT
Morakot Technologies

Financial Services Software

Owner and operator of a financial software company intended to design and develop a core-banking and micro-finance system. The company's system can be implemented on-premise or on a cloud-based server for low-budget clients, comes with fully integrated and automated accounting, and supports multi-branch and multi-currency, enabling their clients to reduce the use of tradition spreadsheets and paperforms.

$641K
-
-
18
2014
Cambodia
03
RFZ
ReadyForZero

Financial Services Software

Developer of a financial software to manage debt. The company has developed a financial software which allows its users to track their debt, make payments and monitor credit.

$568K
-
-
8
2010
United States
04
BS
BeScord

Financial Services Software

Developer of a cloud-based financial software for managing bank payments. The company offers a software that enables business to report and manage corporate transactional flows, banking usages, bank costs and benchmarking.

$186K
-
-
3
2016
Denmark
05
IBS
IndustryBuilt Software

Financial Services Software

Developer of vertical-specific business management software for business growth and development. The company focuses on designing cloud-based enterprise resource planning software, accounting and financial software suite and fleet management software to offer comprehensive financial and operation efficiency that are tailored to the unique needs of an industry, enabling mid-sized businesses to deploy purpose-built business software so as to meet their individual needs, while automating tasks and enhancing brand engagement.

$174K
-
-
3
2004
United States
06
C
Coinleap

Financial Services Software

Developer of financial software as a service platform. The company develops a financial service platform which allows the users to make and receive payments, store money and use it in the form of a digital wallet.

$75K
-
-
1
2014
United States
07
OIKOSSI
OIKOS Software, Inc.

Financial Services Software

Developer of a cloud based financial software. The company provides financial data, planning, reporting and analytics to users.

$65K
-
-
1
2013
United States
1 - 7 of 7

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.