Stratumn

What Stratumn does

Stratumn is a Paris-based SaaS company, founded in 2015 and acquired by global consulting firm Sia Partners in March 2022, that provides enterprise finance departments with a blockchain-based process management platform called Trace. The product combines real-time collaboration with cryptographic audit trails enabled by Stratumn's proprietary Proof of Process (PoP) protocol and the ChainScript data format, which together immutably record who did what, when, and in which order across multi-party financial workflows. Trace is delivered as a modular SaaS platform with four primary modules: Supplier Payments (Paiements Fournisseurs), Accounting Reconciliation (Réconciliation Comptable), Reinsurance Flows (Flux de Réassurance), and Unclaimed Contracts (Contrats Non Réclamés) for compliance with French Pacte and Eckert laws.

The company sells on an annual subscription basis with quote-based pricing, primarily targeting finance departments of SBF 120-sized enterprises in the insurance and financial services sectors, with a particular focus on reinsurance flows, intercompany reconciliation, and supplier payment optimization. Go-to-market is consultative enterprise sales supported by product specialists and a consulting partner ecosystem. Named enterprise customers include AXA Partners, AXA Global Re, CNP Assurances, and AXA, and the company has been recognized with the 2018 Paris Fintech of the Year award and EFMA-Accenture awards. Underlying ChainScript and the Store database layer support multiple backend implementations (Postgres, CouchDB, ElasticSearch, etc.), and APIs are documented at developer.stratumn.com. Following the 2022 acquisition, Stratumn operates as a brand within the Sia Partners group, with its team integrated into the Heka.ai unit.

Name

Stratumn

Legal name

Sia Partners

Website

https://stratumn.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Stratumn provides a blockchain-based SaaS platform (Trace) that gives enterprise finance departments immutable cryptographic audit trails and collaboration tools for supplier payments, intercompany reconciliation, reinsurance flows, and compliance processes, primarily serving French insurance and financial services firms.

Ownership category

akta.pro rank

Product category

Financial Process Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)

akta.pro secondary industries

Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH), Regulatory Reporting Workflow, Validation & Reconciliation Tools (FSAFAKAK)

Keywords

• Financial process management
• Blockchain audit trails
• Enterprise finance software
• Accounting reconciliation
• Reinsurance workflow

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription: Subscription-based SaaS model offering the Trace platform for financial process management. Clients pay for access to the platform including implementation support and ongoing expert consultation.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Stratumn sells a SaaS platform called Trace that combines collaboration features with blockchain-based immutable traceability to optimize end-to-end financial processes for enterprise finance teams. The solution is delivered through four functional modules — Supplier Payments, Accounting Reconciliation, Reinsurance Flows, and Unclaimed Contracts — and is underpinned by the open-source Proof of Process (PoP) protocol and ChainScript data format. It targets finance departments of mid-market and large enterprises, particularly in the insurance and financial services sectors.

Product overview

Stratumn offers a unified SaaS platform called Trace, which combines collaboration and blockchain-based immutable traceability for financial processes. The platform consists of four main modules: Paiements Fournisseurs (Supplier Payments) for payment tracking and deadline management; Réconciliation Comptable (Accounting Reconciliation) for automated reconciliation and cash liberation; Flux de Réassurance (Reinsurance Flows) for managing reinsurance partner networks; and Contrats Non Réclamés (Unclaimed Contracts) for beneficiary research compliance. Underlying the platform is the open-source Proof of Process (PoP) protocol and ChainScript data format that enable cryptographic audit trails and inter-business process trust.

Differentiator

Problem solved

Functional benefit

Brands

• Trace: SaaS solution for financial process management that combines collaboration and immutable traceability based on blockchain technology, helping enterprises track and optimize their critical financial processes.

Products and services

• Trace

Quantifiable outcome

• 3 weeks reduction in payment processing lead time
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Sia PartnerscoreStrategic or Co-development Partner · 16 March 2022In 2022, Stratumn was acquired by Sia Partners, advancing their Web3 strategy. Stratumn's team joined the Heka.ai team, enabling Sia Partners clients to benefit from Stratumn's product suite.
• AXA PartnerscoreStrategic or Co-development Partner · 14 June 2021AXA Partners implemented Stratumn's Trace technology for their BlockCo project, winning a Silver Award at EFMA 2021 in Workforce Transformation. AXA uses Trace to streamline multi-partner accounting and financial processes, achieving 50% reduction in reinsurance processing time.
• Heka.aicoreImplementation/ SI/ Consulting PartnerFollowing acquisition by Sia Partners, Stratumn's team joined Heka.ai to provide combined blockchain and financial process expertise to clients

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Ivalua: Ivalua is a procurement and spend management platform with supplier invoice and payment process capabilities. While more procurement-led, it competes at the supplier-payment and process-audit adjacency for the same enterprise finance audience.
• Tradeshift: Tradeshift operates a blockchain-enabled supply chain finance and AP automation network. Its supplier payments and invoice processing workflows overlap with Stratumn's Supplier Payments module, and both target enterprise CFO and procurement functions.
• R3 Corda: R3 offers Corda, an enterprise-grade distributed ledger platform purpose-built for financial services. While not a direct accounting SaaS competitor, it competes with Stratumn's Proof of Process protocol as a DLT foundation for regulated intercompany and reconciliation workflows.
• ConsenSys: ConsenSys provides enterprise blockchain infrastructure (including Quorum/Hyperledger lineage) used by financial institutions for intercompany and audit workflows. It competes indirectly with Stratumn by offering blockchain-based enterprise tooling to the same financial-services buyer segment.
• AppZen: AppZen provides AI-driven AP automation and expense audit for enterprise finance teams. It addresses adjacent finance-process automation use cases (invoice audit, compliance) that overlap with parts of Stratumn's supplier payments and reconciliation modules.

Direct peers

• BlackLine: BlackLine is a leading SaaS provider of accounting reconciliation and financial close automation for enterprise CFOs. It directly competes with Stratumn's Accounting Reconciliation module and shares the same target buyer (enterprise finance leadership) and similar SaaS delivery model.
• Trovata: Trovata is a cash management and bank data automation SaaS platform for corporate treasurers. It targets the same enterprise finance buyer, with overlapping use cases in cash visibility and reconciliation that compete with parts of Trace's supplier payments and reconciliation value proposition.
• HighRadius: HighRadius provides AI-driven order-to-cash, treasury, and record-to-report automation for enterprise finance teams. Its order-to-cash and reconciliation offerings overlap directly with Stratumn's supplier payments and reconciliation modules, serving the same enterprise finance audience.

Broad incumbents

• Oracle NetSuite: Oracle NetSuite is a leading cloud ERP/finance suite used by mid-market and enterprise finance teams. It overlaps with Trace in accounts payable, reconciliation, and audit workflows, representing the broader platform incumbent against which Stratumn must position its process-traceability layer.
• SAP S/4HANA Finance: SAP's finance and accounting suite is the dominant enterprise ERP backbone, including intercompany reconciliation and audit capabilities. It represents the broad incumbent that Stratumn must integrate with — and sometimes compete against at the workflow layer inside large enterprises.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/stratumn
• Xx.com/stratumnhq

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stratumn