When was Basiq founded?

Basiq was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Basiq located?

Basiq is headquartered in Sydney, Australia.

How many employees does Basiq have?

As of May 31, 2026, the latest employee count at Basiq is 784.

Is Basiq a funded company?

Basiq is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 07, 2017.

When was the latest funding round of Basiq?

Basiq's latest funding was a $***** Series B round on Nov 24, 2021, with participation from 1 investor.

Where does Basiq rank among its competitors?

Basiq ranks 3rd amongst 14 active competitors, of which 3 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was M2P Fintech, which secured $3.52M in Jun, 2025.

Who are the top competitors of Basiq?

Basiq's top competitors include M2P Fintech, Prime Trust and Frollo. Among them, M2P Fintech secured the most recent funding round in June, 2025.

Basiq - 2026 Company Profile, Team, Funding & Competitors

Basiq is an acquired company based in Sydney (Australia), founded in 2016 by Damir Cuca. It operates as an Open banking API. Basiq has raised an undisclosed amount in funding from investors like Visa, National Australia Bank and Westpac. The company has 14 active competitors, including 3 funded and 3 that have exited. Its top competitors include companies like M2P Fintech, Prime Trust and Frollo.

Company Details

Open banking API. It offers a solution that enables banks and financial institutions to provide financial products to the end customers by aggregating financial data using APIs. It features customized lending decisions, personalized tools for customer engagement, real-time data on transactions, and more.

Website: www.basiq.io/home.html
Social

Key Metrics

Founded Year

2016

Location

Sydney, Australia

Stage

Acquired

Latest Funding Round

Series B, Nov 24, 2021, $*****

Investors

Visa & 5 more

Ranked

3^rd among 14 active competitors

Employee Count

784 as on May 31, 2026

Similar Companies

M2P Fintech & 329 more

Exit Details

Acquired by Cuscal (Mar 10, 2023)

View Basiq's full profile

Basiq is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Basiq Pty Ltd CIN: 616592011 , Norway, Active		-	-

Basiq got acquired by Cuscal on Mar 10, 2023.

Click here to take a look at Basiq's acquisition in detail

Basiq has raised funding over 3 rounds. Its first funding round was on Jun 07, 2017. Its latest funding round was a Series B round on Nov 24, 2021 for $*****. 1 investor participated in its latest round. Basiq has 6 institutional investors.

Here is the list of recent funding rounds of Basiq:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 24, 2021	1997480	Series B	2963264	3146088	2993514	2424931
Oct 01, 2019	6933251	Series A	8336841	2452787	9558199	8276095
Jun 07, 2017	2747413	Seed	6441961	1308561	5408143	National Australia Bank & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Basiq's funding rounds and investors

The founders of Basiq is Damir Cuca.

Here are the details of Basiq's key team members:

Damir Cuca: Founder & CEO of Basiq.

View details of Basiq's Founder profiles and Board Members

Basiq's employee count trend

Basiq has 784 employees as of May 26. Here is Basiq's employee count trend over the years:

Uncover Basiq's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Basiq include M2P Fintech, Prime Trust and Frollo. Here is the list of Top 10 competitors of Basiq, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 63 others	74/100
2nd	Prime Trust 2004, Las Vegas (United States), Series B	AML and banking API management solutions	$171M	Mercato Partners, Akkadian Ventures & 25 others	49/100
3rd	Basiq 2016, Sydney (Australia), Acquired	Open banking API	-	Visa, Reinventure Group & 4 others	41/100
4th	Frollo 2015, Sydney (Australia), Acquired	Open banking API solutions	-	Inclusive Fintech 50	33/100
5th	FinchXP 2016, Melbourne (Australia), Seed	Open banking API solutions	$2.5M	Allectus Capital	27/100
6th	NanoBNK 2017, Quatre Bornes (Mauritius), Unfunded	Open banking solution to build digital bank	-	-	26/100
7th	M I U Financial Technology 2016, Sydney (Australia), Unfunded	Software and services provider for BFSIs	-	-	26/100
8th	TurnkeyIO 2019, Sydney (Australia), Unfunded	Cloud-based API solutions	-	-	24/100
9th	Netekstre 2001, Istanbul (Turkey), Unfunded	Account aggregation platform	-	-	24/100
10th	OB solutions 2020, Australia, Unfunded	Blockchain & AI-enabled digital banking and payment solutions for businesses	-	-	24/100