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Finastra - About the company

Finastra is a funded company based in London (United Kingdom), founded in 2017 by Kevin Lomax and Roger Morgan. It operates as a Provider of financial software solutions for lending, payments, and universal banking. Finastra has raised an undisclosed amount in funding. The company has 185 active competitors, including 34 funded and 40 that have exited. Its top competitors include companies like Payhawk, Aurionpro and Yapily.

Company Details

Provider of financial software solutions for lending, payments, and universal banking. The company delivers end-to-end lending solutions across syndicated, commercial, consumer, and mortgage lending. It offers payment solutions enabling customers to adapt to technology trends with an open, cloud-based framework. The company’s universal banking software solutions offer technology for retail, commercial, and Islamic banks.
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Registered Address
1/F, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai City, Mumbai, Maharashtra, India, 400018
Key Metrics
Founded Year
2017
Location
Stage
Funding Raised
Investors
Ranked
Annual Revenue
£1.72B as on May 31, 2023
Employee Count
12,490 as on Apr 30, 2026
Investment & Acquisitions
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Finastra's funding and investors

Finastra has raised funding over 2 rounds. Its first funding round was on Feb 11, 2021. Its latest funding round was a Conventional Debt round on Aug 15, 2023 for $*****. 3 investors participated in its latest round. Finastra has 8 institutional investors.

Here is the list of recent funding rounds of Finastra:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 15, 2023
1921290
Conventional Debt
9859747
2324785
2404001
5993878
Feb 11, 2021
7505016
Grant (prize money)
6251320
2379103
6987705
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Finastra's founders and board of directors

Founder? Claim Profile
The founders of Finastra are Kevin Lomax and Roger Morgan.
Here are the details of Finastra's key team members:

Finastra's Board of Directors

Finastra's board has 5 active members. Carissa Kell is part of team and Maneet Singh Saroya, Simon Marcus Paris, Steven White and Simon Peter Dowler are independent board members.
Here is the list of Finastra's board of directors:
Name
Type
Representing
Status
Duration
cjgrxlb
Team
-
Current
3y 6m
Independent board member
-
Current
8y 11m
sdrscja
Independent board member
-
Current
9y 5m
lktjwjo
Independent board member
-
Current
5y 8m
{izzzkh
Independent board member
-
Current
1y 5m

Finastra's employee count trend

Finastra has 12,490 employees as of Apr 26. Here is Finastra's employee count trend over the years:
Employee count trend for Finastra
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Finastra's Competitors and alternates

Top competitors of Finastra include Payhawk, Aurionpro and Yapily. Here is the list of Top 10 competitors of Finastra, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Payhawk
Payhawk
2018, Sofia (Bulgaria), Series B
Provider of spend management platform with AI-powered automation and control
$239M
71/100
2nd
Logo for Aurionpro
Aurionpro
1997, Mumbai (India), Public
Provider of loan and cash management solutions for banks and financial institutions
-
70/100
3rd
Logo for Yapily
Yapily
2017, London (United Kingdom), Series B
Provider of open banking platform facilitating payments and financial data access
$70.8M
70/100
4th
Logo for Upvest
Upvest
2017, Berlin (Germany), Series C
Trade management suite for fiat and digital assets
$287M
69/100
5th
Logo for Bottomline Technologies
Bottomline Technologies
1989, Portsmouth (United States), Acquired
Provider of business payments automation, connectivity, cash management, and fraud solutions
-
69/100
6th
Logo for ION Group
ION Group
1998, New York City (United States), Late Stage
Treasury management solutions for financial institutions and banks
$400M
68/100
7th
Logo for FintechOS
FintechOS
2017, London (United Kingdom), Series B
Provider of AI-based software suite for the banking and insurance industry
$146M
68/100
8th
Logo for Capitolis
Capitolis
2016, New York City (United States), Series D
Offers trade management solutions for investors
$358M
67/100
9th
Logo for Virtu
Virtu
2008, New York City (United States), Public
Suite of solutions for managing trade-related processes
-
66/100
10th
Logo for Temenos
Temenos
1993, Geneva (Switzerland), Public
Developer of AI and cloud-based banking software suite
-
64/100
11th
Logo for Finastra
Finastra
2017, London (United Kingdom), Funding Raised
Provider of financial software solutions for lending, payments, and universal banking
-
63/100
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Finastra's Investments and acquisitions

Finastra has made 1 investments in companies including TROY Group. Finastra has also acquired 8 companies including Malauzai and IND Group.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
-
Investments
1963
Wheeling (United States)
Jun 15, 2018
Acquisition
2009
Austin (United States)
Feb 10, 2014
Acquisition
1997
Munich (Germany)
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See all acquisitions by Finastra

News related to Finastra

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Media has covered Finastra for a total of 46 events in the last 1 year, 24 of them have been about company updates and 10 about partnerships.
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FAQs about Finastra

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