1
Bankjoy
Troy, Michigan, United States
An end-to-end digital banking solution for banks and credit unions
- Revenue
- $9.5M
- Year founded
- 2015
- Team size
- 64
Top 18 Banking as a Service (BaaS) Software Companies With $5M–$10M Revenue (September 2026)
As of September 2026, Latka tracks 18 banking as a service (BaaS) software companies with $5M–$10M in annual revenue. They have combined revenues of $122.4M and employ 1K people. They have raised $23.1M and serve 13M customers combined.
Every company below sells banking as a service (BaaS) software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Banking as a Service (BaaS) Software Companies do
Banking as a Service (BaaS) software enables non-financial businesses to integrate banking services into their products without the need to obtain a banking license. This model allows organizations to offer digital financial services such as payment processing, account management, and lending, leveraging the technology and compliance capabilities of licensed banks. BaaS platforms typically include APIs that facilitate interactions with banking functionalities, making it easier for companies to embed financial products directly into their customer-facing applications. The key use cases for BaaS include enhancing user engagement through integrated financial services, launching new financial products, and streamlining customer onboarding processes. Buyers of this software mainly include fintech companies, e-commerce platforms, and other organizations looking to diversify their service offerings with banking capabilities. These businesses often seek solutions that can improve customer experience and foster innovation in financial service delivery. BaaS providers often focus on specific features such as compliance management, security protocols, and customer data integration. Typically, they are tasked with enabling their clients not just to offer financial services but also to ensure that these services meet regulatory standards. As a result, BaaS software serves as a vital bridge between traditional banking infrastructure and modern digital platforms.
- Companies
- 18
- Revenue
- $122.4M
- Funding
- $23.1M
- Employees
- 1K
Filters
Sorting: Highest -> Lowest
Top Banking as a Service (BaaS) Software Companies With $5M–$10M Revenue
Showing 10 of 18 companies ranked by annual revenue.
- Revenue
- $8.7M
- Team size
- 57
3
Lili
New York, New York, United States
Financial platform offering advanced business banking with built-in accounting and tax prep software.
- Revenue
- $8.4M
4
Kani
Newcastle Upon Tyne, England, United Kingdom
Kani is a software as a service (SaaS) platform provider for financial technology (FinTech) companies.
- Revenue
- $8M
- Year founded
- 2018
- Team size
- 30
- Revenue
- $7.9M
- Year founded
- 2018
- Team size
- 72
6
Enfuce
Espoo, Finland
Provider of cloud-based payment platforms intended to help customers in their business expansions. The company's platforms offer open banking platform, issuing and acquiring services, strong customer authentication and back office service to both incumbent players and newcomers within the payment and consumer finance industry, enabling customers to focus on their value proposition instead of having to take the burden of heavy regulation and constant change.
- Revenue
- $7.2M
- Customers
- 13M
- Year founded
- 2016
- Funding
- $14.6M
- Team size
- 142
7
Ozone API
London, England, United Kingdom
Ozone API is the leading standards based platform that handles the complexity of open banking, making it easy for any financial institution to meet both regulatory and commercial requirements for an open API. Banks using the Ozone API can accelerate their implementation of open APIs, and bring new commercial services to market ahead of the competition.
- Revenue
- $7.2M
- Year founded
- 2017
- Team size
- 65
8
Minna Technologies, a Mastercard company
Gothenburg, Västra Götaland, Sweden
Minna Technologies, a Mastercard company, is the global market leader for subscription management embedded in banking and fintech apps, partnering with top-tier banks, fintechs and subscription businesses. Minna is the only B2B2C platform with an automated subscription management engine, bank-grade compliance and the widest global subscriptions and payments coverage. We power the subscription economy, helping businesses grow revenue, reduce operational costs, and drive engagement, retention and lifetime value for over 120 million users.
- Revenue
- $7.2M
- Year founded
- 2016
- Team size
- 65
9
Crassula
United States
Crassula is a FinTech software platform providing solutions for businesses to create financial products. Supporting launch, growth and development of FinTechs around the world. We started with a simple idea - to provide the fast and easy yet product-rich technological core for launching FinTechs. Today, trusted by the industry leaders, we embrace security and connectivity, flexibility and convenience, delivering the world-class products to more than 5 million users.
- Revenue
- $6.6M
- Year founded
- 2015
- Team size
- 60
10
BankingLab
Vilnius, Vilnius, Lithuania
BankingLab is a banking software developer mainly focusing on cloud-based solutions. Its main clients are traditional and emerging banks, payment service providers (PSPs) such as electronic money institutions (EMIs) or payment institutions (PIs) and various FinTechs. Our solutions include: Core banking – ensures smooth operations of key banking functions such as record keeping, internal and third-party transactions, lending products, including business and consumer loans, deposits, savings and current accounts. Payments – number of modules to support connectivity to SEPA directly and via CentroLINK offered by the Central Bank of Lithuania, including support of SEPA Instant payments. SWIFT and local payments via correspondents or directly via TARGET-2. Front-end – ready-made and fully customizable internet banking and mobile applications to go to market within weeks. While our banking as a service (BaaS) API enables clients to build front-end solutions by themselves. Compliance – in-house developed various compliance and anti-money laundering (AML) tools to automate key processes. Reporting modules such as common reporting standard enables the automation of reporting obligations. Know-your-client, know-your-business, transaction monitoring, on-going due diligence, and screening (sanctions, negative press, politically exposed persons) modules ensures compliance with AML requirements. Card processing – interact with major payment card networks such as Visa and Mastercard to issue payment cards or acquire card payments. Our partnering financial institutions can sponsor our clients to issue cards to their clients without additional integrations and development. Tailored made services – is one of our unique properties as all our products are developed in-house. We have a competitive edge to customize our solutions to specific clients’ requirements or build an additional service for business cases, no matter how innovative they are.
- Revenue
- $6.5M
- Year founded
- 2012
- Team size
- 59
Frequently asked questions about Banking as a Service (BaaS) Software Companies With $5M–$10M Revenue
How many banking as a service (BaaS) software companies with $5M–$10M in annual revenue are there?
Latka tracks 18 banking as a service (BaaS) software companies with $5M–$10M in annual revenue. Together they generate $122.4M in annual revenue and employ 1K people.
Which banking as a service (BaaS) software company with $5M–$10M in annual revenue is the largest?
Bankjoy is the largest, with $9.5M in annual revenue, founded in 2015.
How much revenue does a typical banking as a service (BaaS) software company with $5M–$10M in annual revenue make?
The average banking as a service (BaaS) software company in this list makes $6.8M a year, across 18 companies with reported revenue. They serve 13M customers combined.
Who are the leading Banking as a Service (BaaS) software vendors with $5M–$10M in annual revenue?
Ranked by annual revenue, the leaders are Bankjoy, OneFin, Lili, Kani and intellimation.ai.
How much funding have banking as a service (BaaS) software companies with $5M–$10M in annual revenue raised?
The 18 banking as a service (BaaS) software companies with $5M–$10M in annual revenue tracked here have raised $23.1M in disclosed funding between them.
Related Vertical Industry Software categories
Inclusion Criteria
- Must offer API-based access to banking functionalities - Should enable non-banking firms to provide financial services - Must include compliance and regulatory support as part of the offering - Should provide tools for customer onboarding and identity verification - Must facilitate integration with other software platforms or services - Not limited to just payment processing; must support a range of banking services such as accounts and loans