Sofico
Sofico builds the Miles Enterprise contract management platform for automotive finance, leasing, and fleet mobility operators, managing 5M+ contracts worth $100B+ across 30 countries for enterprise customers like Ayvens, KINTO Europe, and Volkswagen Financial Services.
- Company typePrivate
- Founded1988
- HeadquartersMünchen, Germany
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Sofico does
Sofico (legal entity SOFICO NV) is a Belgium-headquartered software vendor founded in 1988 that builds the SOFICO Miles Enterprise platform, a contract management system purpose-built for automotive finance, leasing, fleet, and mobility operators. The platform manages more than 5 million contracts representing over $100 billion in contract value across 30 countries, serving enterprise customers that include Ayvens, KINTO Europe, Volkswagen Financial Services, Mobilize, ALD Automotive, KBC Autolease, and Summit Fleet Leasing. Its core modules cover fleet operations, retail finance (Dealer POS, Showroom, Customer Self-Serve, Salary Sacrifice), document automation via Miles eDocs, and an end-to-end claims workflow through UBClaims. The product surface is delivered on an API-first microservices architecture with a cloud-native, containerized deployment option (Miles 2024.2 release) and 270+ pre-built integrations into the automotive finance ecosystem, including real-time WLTP/CO2 data via JATO Dynamics and Peppol e-invoicing.
Sofico makes money primarily through annual enterprise subscriptions to Miles Enterprise and its modules, supplemented by implementation and professional services delivered through wholly-owned regional subsidiaries in Australia, France, Germany, Japan, Mexico, the Netherlands, the UK, and the US. Pricing is quote-based, negotiated per customer against contract volume, modules deployed, and integration scope, reflecting an enterprise field-sales GTM rather than self-serve. The customer base is concentrated in fleet leasing companies and automotive financial services (captive OEM financiers and large independent lessors), with adjacent exposure to mobility service providers and equipment lessors.
Ownership is private, with Belgian PE firm Apheon holding a prior majority stake and Astorg disclosed as the new strategic private-equity partner from 2023, recognized by the 2024 BVA Private Equity Award. Sofico has run an active inorganic strategy, acquiring claims-management platform UBench in July 2025 and US-based automotive AI company Vinli (Velona agentic AI fleet manager plus ERA connected-vehicle data platform) in June 2026, signaling a shift toward an AI- and data-centric product roadmap. The company is ISO 27001 certified, Investors in People accredited, and has SBTi-validated emissions targets, and operates with 600+ employees across 13 offices globally.
Sofico firmographics
Firmographics- Name
- Sofico
- Legal name
- SOFICO NV
- Website
- https://sofico.global
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Sofico builds the Miles Enterprise contract management platform for automotive finance, leasing, and fleet mobility operators, managing 5M+ contracts worth $100B+ across 30 countries for enterprise customers like Ayvens, KINTO Europe, and Volkswagen Financial Services.
- Ownership category
- akta.pro rank
Sofico industry classification
Industry- Product category
- Automotive Finance & Leasing Software
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Full-Service Fleet Management (Outsourced Fleet Programs) (THADAKAA)
- akta.pro secondary industries
- IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK), OEM Embedded Connectivity & Telematics Platforms (TLAEAFAA)
Keywords
Where Sofico is headquartered
LocationHeadquarters
- HQ city
- München
- HQ country
- Germany
- HQ region
- Europe
Offices11 records
Markets served
Sofico business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing (Miles Enterprise): Enterprise software licensing for fleet management and retail modules. The platform manages over $100 billion in contract value across 5M+ contracts, indicating significant recurring licensing revenue from enterprise customers.
- Implementation Services: Professional services for system implementation, integration, and deployment across customer environments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise platform licensing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Sofico product offering
Product offeringCore offering
Sofico provides enterprise software solutions for asset finance, leasing, and fleet mobility management. Its flagship SOFICO Miles Enterprise platform is a cloud-based contract management system that handles finance, leasing, and mobility contracts across fleet and retail operations, supported by specialized modules, claims automation, and AI-driven connected vehicle capabilities.
Product overview
SOFICO offers a modular platform-plus-products architecture centered on SOFICO Miles Enterprise as the core contract management platform. The platform manages finance, leasing, and mobility contracts across fleet and retail operations via a unified cloud-based system with 270+ integrations. The Miles ecosystem includes specialized modules for fleet services (Miles Fleet Modules, Miles Fleet & Driver), retail operations (Miles Retail Suite with Dealer Point of Sales, Showroom, Customer Self-Serve), document automation (Miles eDocs), salary sacrifice, and Configure-Price-Quote capabilities. Through acquisitions, SOFICO has added UBench/UBClaims for end-to-end claims and repair management, and Vinli's Velona (agentic AI fleet manager) and ERA (connected vehicle data platform) forming an intelligence layer. The platform supports cloud-native containerized deployment with an API-first architecture enabling extensibility.
Differentiator
Problem solved
Functional benefit
Brands
- SOFICO Miles Enterprise: Flexible platform to manage finance, leasing, and mobility contracts.
- SOFICO Miles Fleet Modules
- SOFICO Miles Retail Suite
- SOFICO Miles eDocs
- SOFICO Miles Dealer POS
- SOFICO Miles Showroom
- SOFICO Miles Customer Self-Serve
- SOFICO Miles Salary Sacrifice
- SOFICO Miles Fleet & Driver
- UBClaims
Products and services
- SOFICO Miles Enterprise A flexible cloud-based enterprise platform that manages finance, leasing, and mobility contracts, supporting unlimited contract types and multiple lines of business for automotive finance and leasing organizations.
- UBClaims An end-to-end claims management platform that handles the full claims workflow from first notification of loss to final invoicing, with AI-enabled visual inspections for damage evaluation. Acquired via UBench and integrated with Miles Enterprise.
- Velona An agentic AI fleet manager that uses aggregated operational data to identify priority actions for revenue acceleration or cost savings through specialized AI agents covering fraud, predictive maintenance, idling, safety, compliance, and cost optimization.
- ERA A connected vehicle data platform that collects data from any source and turns operational data from contracts and vehicles into actionable intelligence for driving pattern analysis, predictive maintenance, and usage-based insurance models.
Quantifiable outcome
- Claims automation can reduce manual workload by up to 30% within three months of deployment
- +3 more outcomes
Companies that use Sofico
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Sofico technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability10 records
Feature8 records
Sofico partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- UBenchcoreAcquired by SOFICO to enhance claims and repair management capabilities. UBench's claims automation platform can reduce manual workload by up to 30% within three months of deployment.
- JATO DynamicscoreTechnology partnership to integrate real-time WLTP (Worldwide Harmonised Light Vehicles Test Procedure) data through JATO WLTP Link. Enables accurate vehicle emissions and fuel consumption data for fleet management and automotive retail financing.
- BothrsminorCollaborative work exploring an online showroom use case using GenAI technology. Joint development partnership to enhance digital retail capabilities in the Miles platform.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Sofico competitors and assessment
Company assessmentDirect peers
- Alfa Financial Software (Alfa): Specialist asset finance software vendor serving equipment and auto finance lessors globally with a mission-critical platform. Closely comparable to SOFICO Miles in targeting end-to-end leasing and asset finance workflows for enterprise customers.
- NETSOL Technologies: Provides the NETSOL Auto Finance Suite and asset finance/leasing platform used by OEMs and fleet operators worldwide. Directly competes with SOFICO Miles Enterprise for contract management and leasing operations in the automotive finance vertical.
- Odessa (formerly DXC's Polaris): Cloud platform for asset finance and leasing, used by banks and lessors to manage the full contract lifecycle. Comparable to SOFICO Miles in its enterprise focus, configurability, and serving large leasing/finance institutions.
- LeaseAccelerator: Enterprise lease accounting and management software for companies with large lease portfolios, including fleet/equipment. Overlaps with SOFICO's lease administration capabilities on the corporate fleet side.
Broad incumbents
- Sopra Banking Software: Provider of banking and finance software, including lending and leasing modules, to banks and automotive captives across Europe. Adjacent incumbent sharing large enterprise banking/finance customers with SOFICO.
- Salesforce (Financial Services Cloud / Automotive Cloud): Major CRM and vertical cloud platform with financial services and automotive dealer offerings. Competes as a broad CRM/case-management platform that customers may choose over best-of-breed solutions like SOFICO Miles Retail Suite.
- FIS (Fidelity National Information Services): Global financial services technology provider with lending, leasing, and consumer finance capabilities. Competes as a broad incumbent with a wider portfolio than SOFICO's vertical automotive finance focus.
- CGI Group: Large IT services and systems integrator with a strong automotive finance/leasing practice serving similar enterprise customers. Broader than SOFICO but overlaps in fleet/auto finance software and integration work.
Others
- Holman (ARI Fleet Services): Large North American fleet management services provider and a potential SOFICO customer/partner rather than direct competitor. Adjacent ecosystem participant whose fleet management needs are served by platforms like SOFICO Miles.
Emerging players
- AutoFi: Dealer financing and online F&I platform focused on North American automotive retail. Partial overlap with SOFICO's Dealer POS, Showroom, and Customer Self-Serve modules in the retail financing workflow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Sofico social profiles
Digital presenceSofico compliance and trust
Trust signalCompliance1 record
Sofico financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sofico leadership team
Management profileNumber of profiles
Profiles10 records
Sofico subsidiaries and ownership
Company hierarchySubsidiaries9 records
Sofico funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sofico M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sofico
What does Sofico do?
Sofico provides enterprise software solutions for asset finance, leasing, and fleet mobility management. Its flagship SOFICO Miles Enterprise platform is a cloud-based contract management system that handles finance, leasing, and mobility contracts across fleet and retail operations, supported by specialized modules, claims automation, and AI-driven connected vehicle capabilities.
Is Sofico a public or private company?
Sofico is a private company. It is classified as private equity controlled and is currently operating.
When was Sofico founded?
Sofico was founded in 1988. It employs 501 to 1,000 people.
Where is Sofico based?
Sofico is headquartered in München, Germany, in the Europe region.
How does Sofico make money?
Two revenue lines are on record. Software Licensing (Miles Enterprise) is the primary driver. The others are implementation Services.
Who are Sofico's main competitors?
Direct peers on record are Alfa Financial Software (Alfa), NETSOL Technologies, Odessa (formerly DXC's Polaris) and LeaseAccelerator. Broad incumbents are Sopra Banking Software, Salesforce (Financial Services Cloud / Automotive Cloud), FIS (Fidelity National Information Services) and CGI Group. Holman (ARI Fleet Services) is listed as an others. AutoFi is listed as an emerging player.
Does Sofico have an API?
Yes. SOFICO employs an API-first approach for its Miles Microservices Platform, enabling customers to integrate additional functionalities including AI-driven use cases. The API framework allows customers to create modular AI components that can be incorporated into various aspects of the Miles platform for customer interactions, internal processes, and data extraction. JATO WLTP Link integration provides real-time vehicle CO2 emissions and fuel efficiency data via API.
What industry is Sofico in?
Sofico's product category is Automotive Finance & Leasing Software. Its primary akta.pro industry code is THADAKAA, Full-Service Fleet Management (Outsourced Fleet Programs), with a secondary code of HDAEALAK, IT Governance, Risk & Compliance (IT GRC) Platforms. Its NAICS code is 54151 and its SIC code is 7373.