CoCoNet

What CoCoNet does

CoCoNet, founded in 1984 and headquartered in Düsseldorf, Germany, is a privately held fintech that provides the multi:versa digital corporate banking platform to banks and financial institutions on a white-label basis. The platform is modular, comprising core components such as multi:bank (payments and cash management) and multi:hub (central eBanking server), alongside add-on modules covering digital onboarding, omnichannel customer engagement, dashboards, customer administration, open banking APIs, token-based authentication, personalisation, and digital lending. The architecture is cloud-native with deployment flexibility across cloud, hybrid, and on-premise models, and includes dedicated regulatory technology components for EBICS, SWIFT MX, PSD2, and Request2Pay compliance, supporting 200+ payment formats across 30+ country versions. AI capabilities are delivered through the coco:intelligence brand, covering predictive analytics, recommendation-driven hyper-personalisation, and process automation.

The company monetises primarily through subscription-based SaaS platform licensing of multi:versa to enterprise bank customers, supplemented by professional services for implementation, customisation, and integration. Go-to-market is direct enterprise field sales, supported by participation in major industry events such as Sibos, EBAday, EuroFinance, and the proprietary INSPIRE corporate banking event, plus content marketing through research reports and whitepapers. The customer base is concentrated in Tier-1 global and European banks — including HSBC, ING, JP Morgan, Citi, Standard Chartered, Bank of America, Rabobank, UniCredit, Santander Polska, Raiffeisen Bank International, KBC, PostFinance, LBBW, and Berenberg — with claimed penetration of 25% of the Top 15 global banks and 40% of the Top 15 European banks and 1,000,000+ end users worldwide. CoCoNet operates under a holding structure with parent CoCoNet AG and wholly-owned operating subsidiary CoCoNet Computer-Communication Networks GmbH, supported by an additional presence in Poland and a strategic implementation partnership with Tietoevry.

Name

CoCoNet

Legal name

CoCoNet Computer-Communication Networks GmbH

Website

https://coconet.de

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

251–500 employees

Short description

CoCoNet provides the multi:versa white-label digital corporate banking platform to banks and financial institutions. Founded in 1984 and headquartered in Düsseldorf, Germany, the modular SaaS platform supports payments, cash management, onboarding, engagement, and regulatory compliance for Tier-1 global and European banks.

Ownership category

akta.pro rank

Product category

Corporate Banking Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)

akta.pro secondary industries

Digital Banking & Neobank Platforms (BPAMAFAD), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Corporate banking software
• Digital banking platform
• Cash management solutions
• Open banking APIs
• Payment processing software

Headquarters

HQ city

Düsseldorf

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Licensing: CoCoNet generates revenue through licensing its multi:versa digital corporate banking platform as a SaaS solution to banks and financial institutions. The platform is offered as a whitelabel solution, allowing banks to brand and deploy it as their own digital banking channel.
2. Professional Services: Implementation, customization, and consulting services for platform deployment and integration.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

CoCoNet develops and licenses the multi:versa Digital Corporate Banking Platform, a cloud-native whitelabel software suite that enables banks and financial institutions to deliver digital corporate banking services — including payments, cash management, client onboarding, customer engagement, and digital lending — to their business and SME customers. The platform is offered as SaaS, hybrid, or on-premise deployment with modular engines and boosters covering EBICS, PSD2, SWIFT, and Request2Pay regulatory protocols.

Product overview

CoCoNet offers a unified platform-plus-modules architecture called multi:versa for digital corporate banking. The core multi:versa platform provides the foundational infrastructure for all corporate banking channels, built on cloud architecture with rapid innovation cycles. The product portfolio comprises core products (multi:bank for payments and cash management, multi:hub as the central eBanking server), add-on modules (multi:onboard for digital onboarding, multi:engage for customer communication, multi:dashboard for analytics, multi:customer for administration, multi:integration for open banking APIs, multi:token for authentication, multi:you for personal settings, multi:loan for digital lending), a SaaS variant (multi:versa lightning), and supporting technology components (coco:cloud, coco:apps, coco:open, coco:intelligence) along with regulatory compliance modules (coco:ebics, SWIFT, PSD2, R2P).

Differentiator

Problem solved

Functional benefit

Brands

• multi:versa: Digital Corporate Banking Platform - a whitelabel platform for corporate banking channels featuring cloud architecture, user experience, and rapid innovation cycles
• multi:bank
• multi:hub
• multi:onboard
• multi:engage
• multi:dashboard
• multi:customer
• multi:integration
• multi:token
• multi:you
• multi:versa lightning SaaS
• coco:cloud
• coco:apps
• coco:open
• coco:intelligence
• coco:ebics
• multi:loan

Products and services

• multi:versa Digital Corporate Banking Platform

Quantifiable outcome

• 1,000,000+ users worldwide use the platform
• +4 more outcomes

Named customers21 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature7 records

Partnerships

One partnership is on record.

• TietoevrycoreImplementation/ SI/ Consulting PartnerTietoevry is a strategic implementation partner for CoCoNet. They implemented the Handelsbanken Insight dashboard application based on multi:dashboard. This partnership enables CoCoNet to deliver customized solutions to Nordic banking customers through Tietoevry's system integration capabilities.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Backbase: Backbase is a digital banking platform provider that sells a whitelabel Engagement Banking Platform to banks globally. It is highly comparable to CoCoNet's multi:versa because both target corporate and retail banks seeking to modernise customer-facing channels, with similar modular architecture and SaaS delivery model.
• Temenos: Temenos is a Swiss-listed core and digital banking software vendor serving Tier-1 banks worldwide. It competes head-to-head with CoCoNet in the digital corporate banking space, with comparable modules for payments, cash management, onboarding and analytics, but at materially greater scale.
• nCino: nCino provides a cloud-based bank operating system covering commercial, small business and retail banking, with strong loan origination and onboarding modules. It overlaps with CoCoNet's multi:onboard, multi:loan and digital channel offerings for corporate banking customers.

Emerging players

• Thought Machine: Thought Machine is a cloud-native core banking platform vendor (Vault) winning Tier-1 bank RFPs. It is comparable to CoCoNet as an alternative platform for corporate/retail digital banking, but differentiates via a fully cloud-native, API-first architecture rather than the modular legacy-compatible stack CoCoNet offers.
• Mambu: Mambu is a cloud banking SaaS platform primarily serving neobanks and SME lenders. It is comparable to CoCoNet as an alternative composable banking platform, though it focuses more on lending and SME onboarding rather than large-bank corporate cash management.
• 10x Banking: 10x Banking provides a cloud-native core and digital banking platform used by challenger and incumbent banks. It overlaps with CoCoNet in the corporate/retail digital banking layer but competes on a modern, API-first, SaaS-only proposition targeting Tier-1 transformations.

Broad incumbents

• FIS: FIS is a global financial technology incumbent providing core banking, payments, treasury and digital channel software to large banks. It competes with CoCoNet in the corporate digital banking and payments space as part of a much wider product portfolio.
• Oracle Financial Services Software: Oracle FSS provides core banking, treasury, and digital channel software to large global banks. It is comparable to CoCoNet in the corporate banking and payments technology space, and competes for the same Tier-1 RFPs as part of a much broader enterprise technology portfolio.
• Finastra: Finastra is one of the largest global financial software providers, with deep corporate banking and treasury offerings (Fusion products). It is comparable to CoCoNet as a competing digital banking suite vendor to large banks, though it serves a much broader portfolio across capital markets, lending and retail.
• SAP Banking Services: SAP provides banking solutions including corporate banking, payments and analytics on its S/4HANA and BTP platforms. It is comparable to CoCoNet as an enterprise technology provider for large banks' corporate banking operations, though it is a generalist enterprise software incumbent rather than a specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/coconet_ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 CoCoNet