EDGE
Get a demo
Log In

Finastra

FinTech Infrastructure
Capital Markets Tech
Segments:
Banking services
?
Product stage:
Growth
?

UK-based Finastra offers software architecture for FinTech developers in banking, corporate, institutional, and retail spaces to embed various banking and lending services in their apps and websites. It includes solutions for retail banking, lending, transaction banking, and payments, among others. The company’s customer base ranges from leading global banks to community banks and credit unions. 

The company’s complementary offerings include a high-value service support through “Finastra Managed Services,” where subject matter experts support users in developing financial software, and a range of services under its “Finastra Select” service portfolio, including client advisory, support services, and collaborative design support. 

Finastra also offers the “FusionStore” marketplace for financial institutions (FIs) to embed apps built by third parties, to their FinTech solutions built on Finastra’s infrastructure. This included the “Allied Bitcoin Wallet” launched in September 2021 to enable FIs to let their customers buy, sell, and hold bitcoin.  

Finastra opened a Center of Excellence (COE) at Malaysia’s MRANTI Technology Park in November 2022, to expand its software solutions usage in the Asia Pacific. This expansion was reportedly supported by Vista Equity Partners (an investor in Finastra) having a strong presence in Malaysia with over a dozen companies active in the country. However, in January 2023, Finastra announced that it was laying off “dozens” of employees from its R&D center in Israel, of its global workforce amounting to over 11,000 employees. 

Key customers and partnerships

The company entered a banking-as-a-service (BaaS) collaboration with Visa in September 2022, to enable Finastra’s bank and financial institution (FI) clients to offer cross-border payouts via “Visa Direct.” The banks and FIs will be able to serve SMEs and individuals in several currencies and countries. 

As of January 2023, the company had more than 8,600 customers, including 90 of the top 100 global banks.

Funding and financials

Finastra generated USD 1.9 billion in revenues in 2020. The company secured USD 5.3 billion in a private loan package in August 2023, to refinance its existing debt.

FinTech Infrastructure

FinTech Infrastructure

Key stats
Featured companies
168
Total funding (USD)
40.1 Bn
Total addressable market (USD)
80.8 Bn
Key competitors
 
Loading...
Loading...
Loading...
Loading...
Product Overview
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Product Metrics
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Company profile
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...

EDGE Insights

Financial Services (Q3 2023): Funding recovers on the heels of Finastra’s record-breaking private credit deal

Recent Updates

Funding
Aug 18, 2023
Finastra raises USD 5.3 billion in debt financing
FinTech Infrastructure
Partnerships
Dec 8, 2022
Veem partners with Finastra to launch AP and AR solutions for financial institutions
Business Expense Management
Geographic expansion
Nov 28, 2022
Finastra expands operations to the Asia Pacific with Malaysian COE
FinTech Infrastructure
Partnerships
Sep 14, 2021
Allied Payment Network launches Bitcoin Wallet built on Finastra
FinTech Infrastructure

Company Brief


HQ location:
Four Kingdom Street Paddington GBR
Founded year:
1970
Employees:
10,000
Total Funding:
USD 5.3 billion
Last Funding
USD 5.3 billion, Aug 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
arrow
menuarrow
Click here to learn more
Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.