# Core 10

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/core-10

- Industry: Software
- Headquarters: Franklin, US
- Website: www.core10.io
- Total disclosed funding: $10M
- Latest round: Series B (Jan 19, 2023)
- Investors on record: 4

## About

Core 10, Inc. is a U.S.-based technology firm focused on transforming the financial services landscape by providing innovative solutions that enhance operational efficiency for banks, credit unions, and fintech companies.Founded in 2016 and headquartered in Franklin, US, Core 10, Inc. specializes in technology solutions for financial institutions. The company has received funding from various investors, including its latest Series B round on January 19, 2023, raising USD 6.5 million led by Patriot Financial Partners, with participation from Independent Community Bankers of America and returning investor FINTOP Capital. The company has completed two notable deals to date, positioning itself strategically within its market under the leadership of CEO Jeff H. Lee Farabaugh is noted as the founder.Core10 offers a comprehensive suite of products aimed at enhancing operational efficiency in the financial services sector. Its flagship offerings include the Accrue platform, which streamlines digital lending and account opening processes, and the Monarch technology stack that supports firms in the Private Capital Markets. Additionally, the Mesh platform, integrated with Trabian Technology, facilitates seamless operations for community financial institutions and FinTech companies. These solutions target U.S. clients and select international markets focused on digital transformation.Core10 generates revenue primarily through strategic partnerships and subscription-based models with its clients, focusing on B2B relationships. The company enters agreements for the implementation and ongoing support of its products, including Accrue and Monarch, which typically involve structured fees for software licensing and consulting services. Revenue is derived from fixed service fees and performance-based incentives linked to successful technology deployments, underscoring its commitment to operational enhancement for clients.Core10 plans to utilize the USD 6.5 million raised in its latest funding round to support the ongoing development of its platform. The company is actively working on upcoming product enhancements and aims to expand its presence in new geographic regions, specifically targeting markets that prioritize digital transformation in financial services. These initiatives are part of a broader strategy to enhance its product offerings and strengthen its market position.

## Funding rounds

- Series B, Jan 19, 2023, $6.5M — Patriot Financial Partners, FINTOP Capital, Independent Community Bankers of America
- Series A, Nov 27, 2017, $3.5M — West Virginia Jobs Investment Trust Board, FINTOP Capital

## Investors

- West Virginia Jobs Investment Trust Board — Series A
- FINTOP Capital (https://capitalatlas.ai/funds/fintop-capital) — Series A, Series B
- Patriot Financial Partners (https://capitalatlas.ai/funds/patriot-financial-partners) — Series B
- Independent Community Bankers of America — Series B