BanQu
BanQu is a SaaS company providing non-crypto blockchain-based supply chain traceability software that helps multinational enterprises across food and beverage, recycling, and apparel prove sourcing provenance, comply with ESG regulations such as EUDR, and integrate smallholder farmers and waste pickers into their value chains.
- Company typePrivate
- Founded2015
- HeadquartersMinneapolis, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What BanQu does
BanQu is a US-headquartered SaaS company that has built a non-crypto blockchain-based platform for supply chain traceability, compliance, and sustainability reporting. The platform is purpose-built for what the company calls "first-mile" data capture — recording immutable, geo-tagged, time-stamped transactions directly from farmers, waste pickers, and cooperatives in remote locations where connectivity is limited, and then propagating that chain of custody data through to downstream enterprise buyers. BanQu serves multinational corporations across five verticals: food and beverage, recycling and packaging, apparel and textiles, beauty and wellness, and mining and energy, with named enterprise customers including AB InBev (Zambian Breweries, Cervecería Nacional, Bavaria Breweries), Coca-Cola Africa, Dow (Project 2Life), ECOM, Solvay, and Tidey.
The product architecture is modular, anchored by a "BanQu Essentials Suite" for primary procurement and traceability workflows, with three add-on suites covering Compliance (EUDR due diligence, B-BBEE, Extended Producer Responsibility, Digital Product Passport, certifications), Climate (Scope 3 carbon accounting, carbon offsets/credits, green credits, plastic credits, lifecycle assessment), and Sustainability (farmer profiles, living income, regenerative agriculture, anti-forced/child labor, mobile money). Technology differentiators include a patented EU-granted non-crypto distributed ledger, role-based permissions and SSAE16/GDPR-compliant security, and integrations with ERP systems (SAP, Oracle), mobile money providers (Airtel, MTN, Zamtel), banks (Zanaco), and logistics platforms (Cargoo). The platform is accessible via smartphone, web browser, SMS, and USSD, enabling onboarding of smallholder farmers using basic feature phones.
BanQu operates a subscription-based enterprise SaaS model with quote-based pricing, modular add-on suites billed annually, and optional premium customer support packages. Go-to-market is primarily enterprise field sales targeting multinationals with complex, multi-tier supply chains, augmented by API-first integration partnerships, content marketing (blog, case studies, webinars), and event-driven demand generation (e.g., NYC Climate Week). The company claims a footprint spanning 60 countries, 15 languages, and approximately 2.5 million people connected to the platform, with cumulative disclosed funding of roughly $18 million across rounds between 2016 and 2024.
BanQu firmographics
Firmographics- Name
- BanQu
- Legal name
- BanQu, Inc.
- Website
- https://banqu.co
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BanQu is a SaaS company providing non-crypto blockchain-based supply chain traceability software that helps multinational enterprises across food and beverage, recycling, and apparel prove sourcing provenance, comply with ESG regulations such as EUDR, and integrate smallholder farmers and waste pickers into their value chains.
- Ownership category
- akta.pro rank
BanQu industry classification
Industry- Product category
- Supply Chain Traceability Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)
- akta.pro secondary industries
- Governance, Controls & Policy Automation (GRC for Web3) (FSAPAJAG), Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA)
Keywords
Where BanQu is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BanQu business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Software-as-a-Service platform with subscription-based pricing. Includes core traceability features with modular add-ons for Compliance PLUS Suite, Climate PLUS Suite, and Sustainability PLUS Suite.
- Support Services: Customer support packages including Basic Care and Premium Care options for technical support, hot fixes, and ongoing assistance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | BanQu Essentials Suite - Core traceability platform |
| Subscription | Annual | Add-on Suites - Compliance, Climate, Sustainability |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
BanQu product offering
Product offeringCore offering
BanQu provides a blockchain-based SaaS platform that delivers 360-degree supply chain traceability, ESG and regulatory compliance reporting, and source-level data capture for enterprise customers. The platform enables farm-to-shelf tracking of agricultural commodities, cradle-to-cradle tracking of recyclables, and Digital Product Passports, with mobile money and SMS/USSD access for first-mile suppliers. It is sold as annual subscriptions with modular add-on suites for Compliance, Climate, and Sustainability use cases.
Product overview
BanQu offers a modular SaaS platform built around a core blockchain-based traceability system, combining the BanQu Essentials Suite for primary procurement and sourcing needs with add-on modules organized into three specialized suites: Compliance PLUS Suite (EUDR, B-BBEE, EPR, Digital Product Passport, certifications), Climate PLUS Suite (Scope 3 carbon accounting, carbon offsets, green credits, plastic credits, LCA), and Sustainability PLUS Suite (Farmer Profile, Living Income, Regenerative Agriculture, Anti-forced/child Labor, Mobile Money). The platform is accessible via SMS, USSD, smartphone, or laptop, and integrates with ERP systems (SAP, Oracle), mobile money providers (Airtel, MTN, Zamtel), banks (Zanaco), and satellite imagery services. Industry-specific solutions cover Food & Beverage, Beauty & Wellness, Apparel & Textiles, Recycling & Packaging, and Mining & Energy sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- BanQu Platform
Quantifiable outcome
- 14% average cost savings across customers
- +5 more outcomes
Companies that use BanQu
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
BanQu technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature7 records
BanQu partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and flagship.
- ITL (International Technology and Logistics)corePartnership to provide brands and retailers with full visibility of their upstream supply chain through Digital Product Passport and traceability solution powered by BanQu.
- ECOMcoreLeading origin integrated commodities group partnering with BanQu for end-to-end supply chain traceability. Partnership focuses on integrating ESG and chain of custody data across ECOM's supply chain, tracking commodity journey from farm to customer, and improving accessibility for farmers in remote locations. Supports EUDR compliance and Digital Product Passport requirements.
- CargoocoreDigital platform partnership covering shipment booking, documentation, certificates, tracking and reporting. Integration with BanQu provides end-to-end EUDR compliance by combining BanQu's first-mile polygon/geolocation data with Cargoo's bills of lading and export/import documentation for complete supply chain traceability.
- TideycorePartnership for ocean-bound plastic credit validation with chain of custody tracking in Guatemala. 290,000+ pounds plastic collected, 250,000+ ocean-bound plastic credits produced. 47% increase in plastic credit revenue for Tidey. First company to offer traceable ocean-bound plastic credits.
- DowflagshipProject 2Life partnership for post-consumer recycled resin (REVOLOOP) traceability in Colombia. BanQu provides 360-degree visibility of recycling value chain from waste pickers to cooperatives to Dow's manufacturing. 1M+ kg PET tracked, 794 waste pickers registered. Partnership formalizes informal recycling ecosystem.
- Cervecería Nacional (AB InBev Ecuador)corePartnership for sustainable beer brand Nuestra Siembra traceability. 684 farmers in 11 provinces registered, 2M+ kg barley, rice, and corn purchased. Digital Product Passport QR code on bottles for consumer transparency. Supports tax incentive qualification from Ecuadorian Government.
- Coca-Cola AfricaflagshipPartnership to drive circular economy and financial empowerment of recycling collectors in South Africa. 8,800+ recycling collectors registered, 104 buyback centers signed, 8,700+ tonnes recyclable materials captured. Supports Coca-Cola's goal to make 100% of packaging recyclable by 2025.
- AB InBev / Zambian BreweriesflagshipLong-term strategic partnership since 2018 for smallholder farmer traceability. 17,000+ farmers registered, 81M+ kg commodities tracked, mobile money integration with Airtel, MTN, Zamtel, and Zanaco. Partnership enables farmer financial identity and preferential lending access.
- SolvaycorePartnership to empower guar farmers and provide certainty to customers when making sustainable sourcing claims. Supports Solvay's sustainable sourcing objectives.
- Airtel, MTN, Zamtel (Mobile Money)coreMobile money provider integrations for seamless cashless transactions to farmers in Africa. Enables digital payment to farmers and digital receipt/SMS confirmation. Supports farmer financial identity building.
- Zanaco (Bank)coreBank integration for farmer lending qualification. Farmers with transactional history on BanQu can qualify for preferential lending at Zanaco to improve their finances and livelihoods.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
BanQu competitors and assessment
Company assessmentDirect peers
- Trace: Trace provides supply chain traceability and product transparency SaaS for consumer goods brands, directly competing with BanQu in source-level traceability, ESG reporting, and supplier engagement.
- Sourcemap: Sourcemap offers supply chain mapping and supplier due diligence software, overlapping with BanQu's Essentials Suite and Compliance PLUS offerings for multi-tier supplier visibility.
- Circularise: Circularise provides blockchain-based supply chain traceability for materials and circular economy applications, directly comparable to BanQu's recycling and provenance solutions including Dow Project 2Life use case.
- Circulor: Circulor offers blockchain-based supply chain traceability and ESG tracking for raw materials including batteries, plastics, and minerals — overlapping with BanQu's chain-of-custody and EUDR positioning.
- Textile Genesis: Textile Genesis provides fiber-to-retail traceability for the fashion industry using blockchain, directly comparable to BanQu's Apparel & Textiles solution and Digital Product Passport capabilities.
- CarbonChain: CarbonChain provides supply chain carbon accounting and Scope 3 emissions tracking for commodity supply chains, overlapping with BanQu's Climate PLUS Suite for carbon offsets, insets, and Scope 3 accounting.
Broad incumbents
- IBM Food Trust: IBM Food Trust is a blockchain-based food supply chain traceability network operated as part of IBM's broader blockchain portfolio, directly competing with BanQu's food & beverage traceability capabilities at the enterprise tier.
- SAP Responsible Sourcing and Traceability: SAP's responsible sourcing and traceability modules sit within its broader ERP suite, competing with BanQu at the enterprise layer while BanQu also integrates with SAP for downstream data flows.
Emerging players
- Provenance: Provenance is a blockchain-based product provenance platform focused on consumer-facing sustainability claims, sharing BanQu's first-mile data approach but with greater emphasis on marketing/consumer engagement.
- OpenSC: OpenSC is a non-profit supply chain traceability platform launched by WWF and BCG that tracks commodities for deforestation and human rights, partially overlapping with BanQu's sustainability and EUDR use cases.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BanQu social profiles
Digital presenceBanQu compliance and trust
Trust signalCompliance6 records
BanQu financial estimates
Financial estimateRevenue estimate
Valuation estimate
BanQu leadership team
Management profileNumber of profiles
Profiles9 records
BanQu funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BanQu M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BanQu
What does BanQu do?
BanQu provides a blockchain-based SaaS platform that delivers 360-degree supply chain traceability, ESG and regulatory compliance reporting, and source-level data capture for enterprise customers. The platform enables farm-to-shelf tracking of agricultural commodities, cradle-to-cradle tracking of recyclables, and Digital Product Passports, with mobile money and SMS/USSD access for first-mile suppliers. It is sold as annual subscriptions with modular add-on suites for Compliance, Climate, and Sustainability use cases.
Is BanQu a public or private company?
BanQu is a private company. It is classified as venture growth investor backed and is currently operating.
When was BanQu founded?
BanQu was founded in 2015. It employs 11 to 50 people.
Where is BanQu based?
BanQu is headquartered in Minneapolis, United States, in the North America region.
How does BanQu make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are support Services.
Who are BanQu's main competitors?
Direct peers on record are Trace, Sourcemap, Circularise, Circulor, Textile Genesis and CarbonChain. Broad incumbents are IBM Food Trust and SAP Responsible Sourcing and Traceability. Emerging players are Provenance and OpenSC.
Does BanQu have an API?
Yes. BanQu offers an Open API for seamless data interoperability, allowing integration with existing supply chain management systems, ERP software (SAP, Oracle), logistics platforms, and IoT devices. CSV up- and download options are also available for easy dataflow. The platform can integrate with satellite imagery partners for EUDR compliance requirements.
What industry is BanQu in?
BanQu's product category is Supply Chain Traceability Software. Its primary akta.pro industry code is FSAPAJAI, Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance), with a secondary code of FSAPAJAG, Governance, Controls & Policy Automation (GRC for Web3). Its NAICS code is 518.