- SaaS Companies
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- Financial Services Software
The Top Financial Services Software SaaS Companies
As of Jan 2020, these 8 SaaS companies are the largest in the Financial Services Software space. (Click to apply)
This list tracks the largest private B2B Financial Services Software SaaS companies by revenue. In total, this list features 8 companies with combined revenues of $150.2M.
These companies have raised a total of $123.5M. Together, these Financial Services Software saas companies serve 15K customers and employ over 2K on their teams.
- Moov $0.0
- Blend $10.0M
- Alkami Technology $10.0M
- Segmint $6.2M
- Divvy $48.0M
- Forter $36.0M
- Quantexa Limited $28.0M
- Flybits $12.0M
- Blend $10.0M
- 01
Divvy
Financial Services Software
Divvy software gives you complete control and real-time visibility into company spending while eliminating the hassle of expense reports. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and
$48.0M
$417.5M
5K
375
2016
Financial Services Software
- 02
Forter
Financial Services Software
Forter is a NYC-based company that delivers real-time, completely automated, fraud prevention solutions for online merchants. It creates a completely fraud-free environment for the retailers through which they have the ability to make decisions which are s
$36.0M
$100.0M
10K
290
2013
Financial Services Software
- 03
Quantexa Limited
Financial Services Software
Quantexa is an information technology company that specializes in the fields of analytics, data science, and big data.
$28.0M
$88.0M
—
252
2016
Financial Services Software
- 04
Flybits
Financial Services Software
Flybits is positioned to lead the market in delivering the next-generation digital experience platform. Our patented approach encompasses sophisticated data aggregation, contextual intelligence, advanced AI capabilities and unique data security paradigms,
$12.0M
$44.4M
100
106
2013
Financial Services Software
- 05
Blend
Financial Services Software
Blend helps lenders streamline the customer journey for any banking product from application to close. Its Digital Lending Platform is used by Wells Fargo, U.S. Bank, and over 250 other leading financial institutions to acquire more customers, increase pro
$10.0M
$365.0M
250
557
2012
Financial Services Software
- 06
Alkami Technology
Financial Services Software
Alkami Technology develops and delivers digital banking solutions for credit unions and banks. Its product includes ORB Platform which is a Software-as-a-Service (SaaS) solution that offers retail banking features, such as P2P, card controls, alerts, accou
$10.0M
$238.5M
40
500
2009
Financial Services Software
- 07
$6.2M
$31.8M
140
40
2008
Financial Services Software
- 08
Moov
Financial Services Software
Moov is a portable, extensible, open-source platform for embedding banking services within any application
—
$5.5M
—
11
2017
Financial Services Software
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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.