# Financial Transaction Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/financial-transaction-services

- Industry: Financial Services
- Headquarters: Amsterdam, Netherlands
- Website: www.cobase.com
- Total disclosed funding: $11M
- Latest round: Series A (Jun 10, 2020)
- Investors on record: 3

## About

Financial Transaction Services BV provides innovative financial management solutions, streamlining payment processing and cash management for corporate clients with a focus on efficiency and real-time visibility.Founded in 2017, Financial Transaction Services BV operates in Amsterdam, Netherlands, delivering solutions designed for corporate financial management. The company has completed three deals, with its most recent deal occurring on June 10, 2020, when it raised EUR 10.000 mn in a Series A funding round from investors, including Crédit Agricole CIB, ING Ventures, and Nordea Bank. Jorge Schafraad serves as the CEO of the firm.Cobase primarily offers a comprehensive suite of financial management solutions designed to streamline payment processing, cash management, and treasury functions for corporate clients. Their flagship product, the Cobase Payment Hub, serves as a centralized platform where users can manage all banking activities, including payments and cash management, with real-time visibility and robust reporting capabilities. Additionally, Cobase provides Treasury Modules that enhance liquidity management through features such as cash forecasting, debt management, and in-house banking. The company targets corporate clients across various sectors, enabling seamless integration with cloud-based ERP systems like Oracle NetSuite, Microsoft Dynamics 365 Business Central, and SAP S/4HANA. Cobase’s solutions are utilized by clients in over 90 countries, catering to businesses of all sizes that require efficient management of their financial operations.Cobase generates revenue primarily through a subscription-based model, with clients paying for access to its suite of financial management tools. Typically, businesses engage with Cobase by subscribing to the Payment Hub and opting for additional Treasury Modules based on their specific operational needs. This B2B structure allows companies to scale their usage of Cobase’s services as their financial management demands grow. Revenue is derived from various pricing tiers associated with different service packages, which may include core functionalities within the Payment Hub and additional features in the Treasury Modules. Cobase’s financial solutions cater to a diverse array of industries, ensuring that clients receive tailored services that address their unique challenges in managing payments and treasury functions.Following its most recent funding round on June 10, 2020, where Financial Transaction Services BV raised EUR 10.000 mn in Series A funding, the company plans to allocate these resources to develop new products and enhance existing services. Specific new products are being designed to address evolving market demands, although release dates have not been specified. Additionally, Cobase aims to expand its market presence into new geographic regions, targeting potential opportunities in Europe and North America by the end of 2023.

## Funding rounds

- Series A, Jun 10, 2020, $11M — Nordea Bank, Crédit Agricole CIB, ING Ventures

## Investors

- Nordea Bank — Series A
- Crédit Agricole CIB — Series A
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series A