Demica - About the company
Demica is an acquired company based in London (United Kingdom), founded in 1992 by Tim Nicolle. It operates as a Provider of cloud-based supply chain financing software. Demica has raised $55M in funding from GFG Alliance. The company has 17 active competitors, including 6 funded and 4 that have exited. Its top competitors include companies like Taulia, Xelix and C2FO.
Company Details
Demica is a provider of cloud-based supply chain financing software. Its platform includes features like trade receivables securitisation, receivables finance, asset-based lending, dynamic discounting and flexible settlements. Its clients include BMO and SABB.
- Website
- demica.com
- Email ID
- *****@demica.com
- Registered Address
- Bow Bells House, Bread Street, London, England, EC4M 9BE
Key Metrics
Founded Year
1992
Location
London, United Kingdom
Stage
Acquired
Total Funding
$55M in 2 rounds
Latest Funding Round
Investors
Ranked
4th among 17 active competitors
Annual Revenue
£1M - £10M as on Dec 31, 2018
Employee Count
60 as on May 31, 2026
Exit Details
Acquired by FIS (Dec 16, 2024)
Legal entities associated with Demica
Demica is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Demica Limited CIN: 2492599 , Germany, Active | Apr 16, 1990 | £1M - £10M (As on Dec 31, 2018) | 94 (As on Dec 31, 2019) |
Demica's acquisition details
Click here to take a look at Demica's acquisition in detail
Sign up to download Demica's company profile
Demica's funding and investors
Demica has raised a total funding of $55M over 2 rounds. Its first funding round was on Mar 14, 2018. Demica has 2 institutional investors.
Here is the list of recent funding rounds of Demica:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 22, 2020 | 2587931 | Series C | 8795350 | 4362157 | 5745799 | 5829118 |
Mar 14, 2018 | 8254298 | Series B | 5603720 | 4762486 | 8264380 |
Access funding benchmarks and valuations. Sign up today!View details of Demica's funding rounds and investors
Demica's founders and board of directors
Founder? Claim ProfileThe founders of Demica is Tim Nicolle.
Here are the details of Demica's key team members:
- Tim Nicolle: CEO and Founder of Demica and founder of 4 other companies, including risklimited.com, ES3G and PrimaTrade. They serve on the board of 1 company.
- Matt Wreford: CEO of Demica.
View details of Demica's Founder profiles and Board Members
Demica's employee count trend
Demica has 60 employees as of May 26. Here is Demica's employee count trend over the years:
Uncover Demica's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Demica's Competitors and alternates
Top competitors of Demica include Taulia, Xelix and C2FO. Here is the list of Top 10 competitors of Demica, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Taulia 2009, San Francisco (United States), Acquired | AI-based electronic invoicing and supply chain management solution for businesses | $220M | 73/100 | |
2nd | Xelix 2016, London (United Kingdom), Series B | Developer of an AI-powered platform for accounts payable automation software | $167M | 58/100 | |
3rd | C2FO 2008, Leawood (United States), Series E | Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors | $568M | 55/100 | |
4th | Demica 1992, London (United Kingdom), Acquired | Provider of cloud-based supply chain financing software | $55M | 50/100 | |
5th | Stenn 2003, London (United Kingdom), Late Stage | Online platform for invoice financing | $50M | 45/100 | |
6th | Working capital management for businesses | $19M | 43/100 | ||
7th | OB10 2000, London (United Kingdom), Acquired | B2B eInvoicing, invoice financing and analytics firm. | - | 39/100 | |
8th |  TuningBill 2018, London (United Kingdom), Series B | Digital bank for cross-border traders | $22M | 35/100 | |
9th | Binkabi 2017, London (United Kingdom), Funding Raised | Blockchain-enabled cross-border physical commodity trading platform | - | 34/100 | |
10th |  Obillex 2010, Birmingham (United Kingdom), Seed | Supply chain finance | $5.42M | 32/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Demica's competitors? Click here to see the top ones
Demica's Investments and acquisitions
Demica has made no investments or acquisitions yet.
Reports related to Demica
Here is the latest report on Demica's sector:
News related to Demica
Filter this list•
•
•
•
•
Demica Provides Headfirst Global New $400m Funding Source For Impellam GroupRecruiter•Sep 12, 2024•Demica, HeadFirst Group, Barclays
•
Demica Technology Opens New Doors to Supply Chain Finance in NigeriaFintech Finance•May 02, 2024•Demica
•
•
Finverity expands FinverityOS product range as it appoints key new hiresTechMoran•Oct 22, 2023•Finverity, Aronova, Demica
•
•
Digital Trade and Supply Chain Finance Provider Appoints Marina Narganes to Leadership TeamGlobeNewswire•Jun 05, 2023•Triterras, Demica
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Demica
Explore our recently published companies
- Fabric - San Francisco based, 2022 founded, Funding Raised company
- Ambit Equity - Munich based, 2021 founded, Unfunded company
- A Malgam Technologies - Quebec City based, 2016 founded, Funding Raised company
- Billbo - Visakhapatnam based, Unfunded company
- Sooq Al Thahab - Manama based, 2022 founded, Funding Raised company
- Second Ocean - South Korea based, 2025 founded, Funding Raised company
