obconnect - About the company
obconnect is an acquired company based in Watford (United Kingdom), founded in 2019 by Simon Lyons and Darran Morford. It operates as a Provider of open banking and CoP solutions for corporates, banks, and financial institutions. obconnect has raised $3.58M in funding from PayPoint. The company has 583 active competitors, including 150 funded and 62 that have exited. Its top competitors include companies like Razorpay, TrueLayer and M2P Fintech.
Company Details
Provider of open banking and COP solutions for corporates, banks, and financial institutions. It offers end-to-end Open Banking technology, including APIs for data sharing, payment initiation, and account-to-account functionality, targeting banks, corporates, and third-party providers. It integrates banking into every digital platform for instant data exchange for quick loan approvals.
- Website
- obconnect.io
- Email ID
- *****@obconnect.io
- Phone Number
- +44 **********
- Registered Address
- UNIT WG08 WEST BUILDING,1-45 DURHAM STREET,LONDON,ENGLAND,SE11 5JH
Key Metrics
Founded Year
2019
Location
Watford, United Kingdom
Stage
Acquired
Total Funding
$3.58M in 1 round
Latest Funding Round
Investors
Ranked
193rd among 583 active competitors
Employee Count
13 as on Mar 31, 2025
Exit Details
Acquired by PayPoint (Aug 01, 2024)
Legal entities associated with obconnect
obconnect is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OBCONNECT LIMITED CIN: 12311322 , United Kingdom, Active | Dec 31, 2018 | - | 13 (As on Mar 31, 2025) |
obconnect's acquisition details
Click here to take a look at obconnect's acquisition in detail
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obconnect's funding and investors
obconnect has raised a total funding of $3.58M over 1 round. Its latest funding round was a Series A round on Jul 07, 2022 for $*****. 1 investor participated in its latest round. obconnect has 1 institutional investor.
Here is the list of recent funding rounds of obconnect:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 07, 2022 | 1378558 | Series A | 6140260 | 3830631 | 3751623 | 8259881 |
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obconnect's founders and board of directors
Founder? Claim ProfileThe founders of obconnect are Simon Lyons and Darran Morford. Darran Morford is the CEO of obconnect.
Here are the details of obconnect's key team members:
- Simon Lyons: Co-Founder & Chief Strategy Officer of obconnect.
- Darran Morford: Co-Founder & CEO of obconnect.
obconnect's Board of Directors
obconnect's board has 2 active members. Simon Coles and Josephine Sarah Anne Toolan are independent board members.Here is the list of obconnect's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
vj{sugr | Team | - | Past | 2y 5m |
orvzxks | Team | - | Past | 9y 4m |
Independent board member | - | Current | 1y 9m | |
qewxzwv | Independent board member | - | Current | 6y 7m |
View details of obconnect's Founder profiles and Board Members
obconnect's employee count trend
obconnect has 13 employees as of Mar 25. Here is obconnect's employee count trend over the years:
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obconnect's Competitors and alternates
Top competitors of obconnect include Razorpay, TrueLayer and M2P Fintech. Here is the list of Top 10 competitors of obconnect, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd | TrueLayer 2016, London (United Kingdom), Series E | Open banking platform enabling secure bank-to-bank payments and payouts | $322M | 78/100 | |
3rd | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
4th |  Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
5th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
6th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 72/100 | ||
7th |  Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
8th | Provider of open finance infrastructure for transaction banking and related services | - | - | 70/100 | |
9th | Platform offering open banking API | $158M | 69/100 | ||
10th | Yapily 2017, London (United Kingdom), Series B | Provider of open banking platform facilitating payments and financial data access | $70.8M | 69/100 | |
193rd |  obconnect 2019, Watford (United Kingdom), Acquired | Provider of open banking and CoP solutions for corporates, banks, and financial institutions | $3.58M | 34/100 |
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obconnect's Investments and acquisitions
obconnect has made no investments or acquisitions yet.
Reports related to obconnect
Here is the latest report on obconnect's sector:
News related to obconnect
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PayPoint notes obconnect secures contract with NZBAShareprices•Oct 11, 2024•PayPoint, Nzba, obconnect
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Paypoint's Obconnect Wins New Zealand Banking System ContractEIN Presswire•Oct 10, 2024•PayPoint, obconnect, Nzba
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PayPoint takes majority ownership of Obconnect with new investmentOpen Banking Expo•Aug 01, 2024•obconnect, PayPoint, Pay Point India
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PayPoint takes controlling stake in open banking platform obconnectEIN Presswire•Aug 01, 2024•obconnect, Pay Point India
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