When was Sofico founded?

Sofico was founded in 1988 and raised its 1st funding round 32 years after it was founded.

Where is Sofico located?

Sofico is headquartered in Ghent, Belgium. It is registered at Technologiepark-Zwijnaarde 84 9052 Gent.

How many employees does Sofico have?

As of Jul 31, 2026, the latest employee count at Sofico is 680.

Is Sofico a funded company?

Sofico is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Mar 06, 2020.

When was the latest funding round of Sofico?

Sofico's latest funding was a $***** PE round on Mar 06, 2020, with participation from 1 investor.

What is the annual revenue of Sofico?

Annual revenue of Sofico is between €50M and €100M as on Dec 31, 2024

Where does Sofico rank among its competitors?

Sofico ranks 3rd amongst 51 active competitors, of which 11 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was SelectFI, which secured $500K in Oct, 2025.

Who are the top competitors of Sofico?

Sofico's top competitors include Upstart, iVendi and CarPay. Among them, SelectFI secured the most recent funding round in October, 2025.

Sofico - 2026 Company Profile, Funding, Competitors & Financials

Sofico is an acquired company based in Ghent (Belgium), founded in 1988. It operates as a Leasing & financing solutions for the automotive industry. Sofico has raised an undisclosed amount in funding from Apheon. The company has 51 active competitors, including 11 funded and 4 that have exited. Its top competitors include companies like Upstart, iVendi and CarPay.

Company Details

Leasing & financing solutions for the automotive industry. It offers an end-to-end omnichannel solution encompassing front, mid-and back-office functions & more.

Website: sofico.global/en/
Registered Address: Technologiepark-Zwijnaarde 84 9052 Gent

Key Metrics

Founded Year

1988

Location

Ghent, Belgium

Stage

Acquired

Latest Funding Round

PE, Mar 06, 2020, $*****

Investors

Apheon & 1 more

Ranked

3^rd among 51 active competitors

Annual Revenue

€50M - €100M as on Dec 31, 2024

Employee Count

680 as on Jul 31, 2026

Investment & Acquisitions

Vinli & 1 more

Similar Companies

Upstart & 55 more

Exit Details

Acquired by Astorg Partners (Nov 21, 2023)

View Sofico's full profile

Sofico is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOFICO SERVICES UK LTD CIN: 11043739 , United Kingdom, Active	Nov 01, 2017	-	30 (As on Dec 31, 2023)
SOFT AND INFORMATICS COMPANY CIN: 0404.484.060 , Belgium, Active	Sep 16, 1947	€50M - €100M (As on Dec 31, 2024)	-	-

Sofico got acquired by Astorg Partners on Nov 21, 2023.

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

Sofico has raised funding over 1 round. Its latest funding round was a PE round on Mar 06, 2020 for $*****. 1 investor participated in its latest round. Sofico has 2 institutional investors.

Here is the list of recent funding rounds of Sofico:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2020	6612022	PE	2170477	7754150	7020743	3174116

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View details of Sofico's funding rounds and investors

Sofico's employee count trend

Sofico has 680 employees as of Jul 26. Here is Sofico's employee count trend over the years:

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Top competitors of Sofico include Upstart, iVendi and CarPay. Here is the list of Top 10 competitors of Sofico, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Upstart 2012, Palo Alto (United States), Public	AI-enabled online marketplace offering diversified loans to consumers and businesses	$129M	Third Point, Founders Fund & 28 others	80/100
2nd	iVendi 2009, Colwyn Bay (United Kingdom), Seed	Provider of automotive finance technology for dealers and lenders	$5.48M	The Technology And Innovation Fund, Deesse C I ... & 6 others	63/100
3rd	Sofico 1988, Ghent (Belgium), Acquired	Leasing & financing solutions for the automotive industry	-	Apheon, Ergon Capital Partners	57/100
4th	CarPay 2015, Wilmington (United States), Series B	Loan life cycle management software for purchase financing	$10.1M	Autotech Ventures, RevTech Labs & 7 others	55/100
5th	LULA 2020, Miami (United States), Series B	Provider of AI-powered virtual assistants for sales and support	$53.5M	Founders Fund, Khosla Ventures & 22 others	53/100
6th	StoneEagle F&I 2019, Richardson (United States), Acquired	F&I menu, metrics & administration solution for auto-dealers	-	-	52/100
7th	SelectFI 2023, Buffalo (United States), Seed	Developer of predictive lending solutions for automotive dealerships	$7.32M	StartFast, Innovent Capital Group & 7 others	52/100
8th	FUSE 2020, Edina (United States), Series A	AI & SaaS-driven finance management solution for auto dealers	$10M	Target Global, Viola FinTech & 3 others	50/100
9th	Vero 2020, New York City (United States), Series A	SaaS-driven financing management software for auto dealers	$8.5M	RevTech Labs, BankTech Ventures & 7 others	48/100
10th	AutoFi 2015, San Francisco (United States), Series B	Cloud-driven loan lifecycle management solution for automobile financing	$127M	Crosslink Capital, FJ Labs & 18 others	46/100