Cobalt - About the company
Cobalt is an acquired company based in Mill Hill (United Kingdom), founded in 2015. It operates as a Blockchain-backed post-trade risk management solutions for financial institutions. Cobalt has raised $17.8M in funding from IHS Markit, with last known valuation of $*****. The company has 193 active competitors, including 41 funded and 42 that have exited. Its top competitors include companies like IDnow, Fenergo and NICE Actimize.
Company Details
Blockchain-backed post-trade risk management solutions for financial institutions. It provides post-trade FX infrastructure using distributed ledger technology. It uses blockchain to automatically create multiple records for the buyer, seller, broker, clearer and third parties and then reconciliation across multiple systems. It thereby helps reduce post-trade cost and risk.
- Website
- cobaltdl.com
- Social
- Email ID
- *****@cobaltdl.com
- Registered Address
- 7 Granard Business Centre, Bunns Lane, Mill Hill, London, United Kingdom
Key Metrics
Founded Year
2015
Location
Mill Hill, United Kingdom
Stage
Acquired
Total Funding
$17.8M in 10 rounds
Latest Funding Round
Last Known Valuation
$***** as on Sep 13, 2021
Investors
Ranked
35th among 193 active competitors
Employee Count
26 as on Sep 30, 2026
Exit Details
Acquired by United Fintech (Dec 15, 2022)
Legal entities associated with Cobalt
Cobalt is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Copa Fin Limited CIN: 9580379 , Germany, Active | May 06, 2015 | - | 27 (As on Jan 31, 2020) |
Cobalt's acquisition details
Cobalt got acquired by United Fintech on Dec 15, 2022.
Click here to take a look at Cobalt's acquisition in detail
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Cobalt's funding and investors
Cobalt has raised a total funding of $17.8M over 10 rounds. Its first funding round was on Mar 17, 2016. Cobalt has 7 institutional investors and 35 angel investors.
Here is the list of recent funding rounds of Cobalt:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 13, 2021 | 2425959 | Series A | 3177131 | 1732720 | 9124169 | 2748506 |
Jul 23, 2020 | 6491011 | Conventional Debt | 1428027 | 5245654 | 6653027 | |
Jul 21, 2020 | 9053555 | Series A | 8624876 | 7999421 | 4654195 | 4887883 |
Access funding benchmarks and valuations. Sign up today!View details of Cobalt's funding rounds and investors
Cobalt's founders and board of directors
Founder? Claim ProfileCobalt's Board of Directors
Cobalt's board has 3 active members. Darren Coote, Andy Coyne and Adrian Patten are part of team.Here is the list of Cobalt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 4m | |
Team | - | Current | 11y 4m | |
robfmnz | Team | - | Current | 5y 8m |
wlzyfse | Independent board member | - | Past | 7y 6m |
Cobalt's employee count trend
Cobalt has 26 employees as of Sep 26. Here is Cobalt's employee count trend over the years:
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Cobalt's Competitors and alternates
Top competitors of Cobalt include IDnow, Fenergo and NICE Actimize. Here is the list of Top 10 competitors of Cobalt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of automated and expert-led identity verification and digital trust services | $40M | 75/100 | ||
2nd | Cloud based KYC and AML management software | $181M | 70/100 | ||
3rd | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
4th | Cytora 2012, London (United Kingdom), Acquired | Risk management solutions for insurers and underwriters | $41.5M | 67/100 | |
5th | Provider of behavioral biometrics cybersecurity solutions | $253M | 67/100 | ||
6th | Shift Technology 2014, Paris (France), Series D | Provider of AI solutions for insurance underwriting, claims, and risk | $320M | 67/100 | |
7th |  Trust Stamp 2015, Atlanta (United States), Public | AI-powered platform focuses on cybersecurity solutions | $9.58M | 66/100 | |
8th | AccessPay 2012, Manchester (United Kingdom), Acquired | Cloud based payment automation and cash management solutions for businesses | $44.4M | 66/100 | |
9th | SEON 2017, Austin (United States), Series C | Provider of fraud prevention and AML compliance solutions and related services | $187M | 66/100 | |
10th |  Feedzai 2011, San Mateo (United States), Series E | Provider of an AI-native platform for fraud and financial crime prevention | $347M | 66/100 | |
35th | Cobalt 2015, Mill Hill (United Kingdom), Acquired | Blockchain-backed post-trade risk management solutions for financial institutions | $17.8M | 46/100 |
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Cobalt's Investments and acquisitions
Cobalt has made no investments or acquisitions yet.
Reports related to Cobalt
Here is the latest report on Cobalt's sector:
News related to Cobalt
Filter this list•
‘I am very happy that Cobalt is now part of the United Fintech family’Business Leader•Jan 04, 2023•United Fintech, Cobalt
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United Fintech Acquires Cobalt to Enhance FX, Digital Assets Trading CapabilitiesCrowdfund Insider•Dec 19, 2022•United Fintech, Cobalt
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London fintech bolsters FX and digital assets trading capabilities via acquisitionBdaily•Dec 15, 2022•United Fintech, Cobalt, Cobalt
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Puremarkets Announces Partnership with CobaltFinance Magnates•Mar 01, 2022•Cobalt, Pure Digital Markets
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Cobalt goes live with 4OTC for post trade FX and digital assets connectivityInstitutional Asset Manager•Jun 15, 2021•Cobalt, 4OTC
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Solace to power Cobalt’s cloud-based financial data movementFinextra•Jun 10, 2021•Solace, Cobalt, Cobalt
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Spotex to provide clients with credit management tools via Cobalt integrationFinextra•Feb 18, 2021•Spotex, Cobalt
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Cobalt Partners With Epam To Launch First Institutional-grade Fix Gateway For Digital Asset MarketsFinancial IT•Feb 12, 2021•Cobalt, EPAM
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