What Codix does

Codix (legal entity CODIX SA) is a France-headquartered, privately held enterprise software company founded in 1993 that develops and sells iMX, an event-driven case management platform for the financial-services industry. iMX is built around a proprietary Expert System (Business Process Modeling engine) developed and maintained entirely in-house, which controls every event in real time and enables automation across six-plus verticals: factoring and receivables finance, supply chain finance and reverse factoring, asset-based lending, invoice-level financing, purchase order financing, transportation factoring, leasing and consumer finance, debt collection, and credit insurance. The platform supports 28 languages and four concurrent currencies, runs on Oracle database infrastructure with optional Oracle Cloud Infrastructure (OCI) SaaS/PaaS deployment, and exposes REST APIs for integration with credit insurers (Atradius, Euler Hermes/Allianz Trade, Coface), data providers (Dun & Bradstreet, Graydon, Equifax), and SWIFT/SEPA. iMX V10 (2024) modernized the user experience on Spring and Angular, eliminating Oracle Forms, and iMX Light (2024) added a SaaS tier targeting startup operators.

The company monetizes iMX through enterprise software licensing (on-premise or SaaS/PaaS on OCI), recurring support contracts with 24/7 SLAs, and professional services for implementation, customization, and ongoing training. Go-to-market is direct enterprise field sales from nine wholly-owned country offices (France, Bulgaria, Tunisia, Mexico, Vietnam, USA, Spain, Morocco, UAE) supplemented by inside-sales coverage, with marketing concentrated at industry conferences (SIBOS, Lease Europe, IFA, CFA) and through certified partnerships with 25+ financial-services associations (FCI, FENCA, ELFA, Leaseurope, BAFT, ITFA, SFNet, ABFA, etc.). The customer base is enterprise and consists primarily of banks (BNP Paribas PF, Societe Generale Group, Bankinter, Attijariwafa Bank, Mashreq Bank, ABSA Bank, BCR Erste, KBC Commercial Finance, Bank of Georgia), credit insurers (Coface, Allianz Trade), factors, leasing companies (Arval/BNP Paribas, Cetelem, Sofinco, Tunisie Leasing & Factoring), and debt-collection agencies (Atradius Collections, Fiducré). Codix maintains ISO 9001, ISO/IEC 27001, TISAX, annual SOC 2 Type II, and GDPR/DORA-aligned controls.

Name

Codix

Legal name

CODIX SA

Website

https://codix.eu

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Codix is a France-headquartered, private enterprise software company founded in 1993 that develops iMX, an event-driven case management platform serving banks, factors, leasing companies, credit insurers, and debt-collection agencies across 50+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Valbonne

HQ country

France

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing/Subscription: iMX is offered as an enterprise software solution with licensing model. Available as on-premise installation or SaaS/PaaS hosted on Oracle Cloud Infrastructure (OCI). The solution can be customized to meet specific client needs.
2. Professional Services (Implementation): CODIX provides implementation services to help clients and maintain their iMX application tailored to their business strategy. Includes system analysis, customization/testing, web design, and ongoing support.
3. Support Services: 24/7 support provided with contractual SLAs. The Business and Training Department is the largest section of CODIX, providing training and guidance as part of the advisory plan and product lifecycle.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Codix develops, sells, and supports iMX, a proprietary event-driven enterprise case management platform sold as licensed software (on-premise or SaaS/PaaS on Oracle Cloud) to financial institutions. The platform unifies commercial finance (factoring, supply chain finance, asset-based lending, invoice-level financing, purchase order financing, transportation factoring), leasing and consumer finance, debt collection, and credit insurance workflows under a single technical structure controlled by an in-house rules engine (Expert System). Revenue is generated through software licensing/subscriptions, implementation and customization services, and 24/7 support contracts with SLAs.

Product overview

Codix offers iMX (Intelligent Management eXperience), a unified event-driven case management platform designed for the financial services ecosystem. The platform consists of the core iMX engine augmented by specialized modules including the Expert System (Business Process Modeling), Accounting Module, Extranet (web portal), and AD (Analysis and Decisions) module. These components work together within a single technical structure that supports multiple business lines: Debt Collection (covering amicable, preventive, and legal phases), Commercial Finance/Factoring, Supply Chain Finance, Asset-Based Lending, Invoice Level Financing, Purchase Order Financing, Transportation Factoring, Leasing, Consumer Finance, and Credit Insurance. iMX is available in 28 languages and deployed across more than 100 projects worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• iMX: The company's flagship all-in-one event-driven case management solution used in factoring, supply chain finance, leasing, debt collection, credit insurance, and other financial operations.
• iMX Light

Products and services

• iMX (Intelligent Management eXperience) Flagship event-driven enterprise case management platform that enables financial institutions to manage factoring, supply chain finance, leasing, consumer finance, debt collection, accounts receivable, and credit insurance workflows within a single customizable technical structure. Sold as licensed software (on-premise or SaaS/PaaS on Oracle Cloud Infrastructure) to enterprise banks, factors, lessors, debt collectors, and credit insurers.
• iMX Light Lightweight SaaS edition of iMX designed for startup factoring and leasing operations. Provides integrated best-practice processes for rapid deployment and serves as a functional MVP that can scale into the full iMX platform as the portfolio grows.
• iMX Debt Collection Dedicated debt collection line of business on the iMX platform, covering amicable collection, accounts receivable management, preventive actions, and late/legal collection phases, with configurable business procedures, scoring, segmentation, and negotiation workflows. Targeted at debt collection agencies and credit insurers.
• iMX Commercial Finance / Factoring Commercial finance and factoring line of business covering any type of receivables financing (factoring, invoice discounting, self-assignment/shadow ledger, bulk financing, disclosed and non-disclosed agreements), with advanced risk management, API integration with credit insurers, and real-time availability calculations.
• iMX Supply Chain Finance / Reverse Factoring Supply chain finance solution supporting buyer-centric products including reverse factoring, payables financing, confirming, and forfeiting, managing the complete lifecycle from vendor onboarding through cash claim and recovery.
• iMX Leasing and Consumer Finance Comprehensive leasing and consumer finance solution covering auto finance, equipment finance, and consumer finance, managing the full lifecycle from prospect scoring through contract signing, disbursement, billing, collections, and asset resale.
• iMX Credit Insurance Credit insurance solution supporting policy configuration, premium calculation and invoicing, coverage request management and arbitration, claims management, guarantee payment, and debtor collection (amicable and legal), with configurable policy structures for financial/commercial, political, and geographic risks.
• iMX Transportation Factoring Specialized factoring solution for the freight and trucking industry, providing invoice factoring with immediate cash advances, real-time dashboards, integrated risk assessment, and integration with transportation management systems and fuel card platforms.
• iMX Implementation and Customization Services Codix's implementation, customization, and advisory services for iMX deployments, including system analysis, configuration, testing, web design, training, and ongoing support as part of the customer lifecycle.

Quantifiable outcome

• Over 100 enterprise projects delivered, making CODIX one of the world's market leaders in commercial finance and debt collection software
• +4 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability7 records

Feature9 records

Partnerships

29 partnerships are on record, tiered core and minor.

• OraclecoreTechnology or IntegrationCodix is a certified Oracle partner. iMX operates on Oracle database infrastructure. When delivered as SaaS/PaaS, iMX is hosted on Oracle Cloud Infrastructure (OCI) with Oracle certifications ensuring compliance with GDPR, DORA, SOX and other regulations.
• IBMcoreTechnology or IntegrationCodix is a certified IBM partner. Partnership provides technology infrastructure and integration capabilities for enterprise deployments.
• FCI (Factors Chain International)coreStrategic or Co-development PartnerCodix is a partner of FCI, the global network of factors and receivables financing companies. This partnership provides access to the global factoring community and ensures iMX meets international factoring standards.
• FENCA (Federation of European National Collection Associations)coreStrategic or Co-development PartnerCodix is a partner of FENCA, the federation representing debt collection agencies across Europe. Partnership ensures iMX meets European debt collection standards and regulatory requirements.
• ELFA (Equipment Leasing and Finance Association)coreStrategic or Co-development PartnerCodix is a partner of ELFA, the equipment leasing and finance association. Partnership ensures iMX aligns with US leasing industry standards and best practices.
• LeaseuropecoreStrategic or Co-development PartnerCodix is a partner of Leaseurope, representing the European leasing and rental industry. Partnership provides access to European leasing market expertise and regulatory alignment.
• BCR (Business Credit Resources)minorGTM or Marketing PartnerCodix is a partner of BCR, providing marketing and networking opportunities in the receivables finance sector.
• EUF (European Factoring)minorGTM or Marketing PartnerCodix is a partner of EUF, promoting factoring and commercial finance across Europe.
• SIBOSminorGTM or Marketing PartnerCodix participates in SIBOS, the premier global financial services event organized by SWIFT. Sponsorship and participation at annual conferences.
• IFA (International Factoring Association)minorGTM or Marketing PartnerCodix is a sponsor of IFA, providing marketing presence and networking within the international factoring community.
• CFA (Commercial Finance Association)minorGTM or Marketing PartnerCodix is a sponsor of CFA, gaining visibility in the North American commercial finance market.
• IACC (International Association of Credit and Collection Companies)minorGTM or Marketing PartnerCodix is a sponsor of IACC, providing marketing presence in the credit and collection industry.
• ABFA (Asset-Based Finance Association)minorGTM or Marketing PartnerCodix is a partner of ABFA, the UK asset-based finance association.
• Factoring ForumminorGTM or Marketing PartnerCodix is a partner of Factoring Forum, gaining access to the factoring industry community.
• BAFTminorGTM or Marketing PartnerCodix is a partner of BAFT (Bankers Association for Finance and Trade), providing visibility in trade finance.
• ITFA (International Trade and Forfaiting Association)minorGTM or Marketing PartnerCodix is a partner of ITFA, the international trade and forfaiting association.
• SFNet (Secured Finance Network)minorGTM or Marketing PartnerCodix is a partner of SFNet, the secured finance industry network.
• UK FinanceminorGTM or Marketing PartnerCodix is a partner of UK Finance, the UK financial services trade body.
• FebelfinminorGTM or Marketing PartnerCodix is a partner of Febelfin, the Belgian financial sector federation.
• German Leasing Association (BDL)minorGTM or Marketing PartnerCodix is a partner of the German Leasing Association (BDL).
• Spanish Association AELRminorGTM or Marketing PartnerCodix is a partner of AELR, the Spanish leasing and renting association.
• ALF (Association of Factoring and Leasing of Portugal)minorGTM or Marketing PartnerCodix is a partner of ALF, the Portuguese factoring and leasing association.
• ASSIFACTminorGTM or Marketing PartnerCodix is a partner of ASSIFACT, the Italian factoring association.
• NEFA (National Equipment Finance Association)minorGTM or Marketing PartnerCodix is a partner of NEFA, the US equipment finance association.
• FLA (Finance & Leasing Association UK)minorGTM or Marketing PartnerCodix is a partner of FLA, the UK finance and leasing association.
• ACA InternationalminorGTM or Marketing PartnerCodix is a partner of ACA International, the US association for credit and collection professionals.
• AFDCCminorGTM or Marketing PartnerCodix is a partner of AFDCC, the French association for credit management.
• FIGECminorGTM or Marketing PartnerCodix is a partner of FIGEC, the Belgian credit management association.
• TFD Initiative (Trade Finance Distribution)minorGTM or Marketing PartnerCodix is a partner of TFD Initiative, promoting trade finance distribution.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• HighRadius: Cloud-based accounts receivable, treasury, and order-to-cash automation platform serving large enterprises including many in financial services. Comparable to Codix's iMX AR/debt collection modules in target buyer, AI-led automation, and integration with credit data providers.
• Taulia (SAP): Supply chain finance and dynamic discounting platform, now part of SAP. Directly comparable to Codix's Supply Chain Finance / Reverse Factoring module and shares the same buyer persona (treasury and finance teams at large enterprises).
• Demica: Supply chain finance, receivables, and payables financing platform serving banks, factors, and corporates. Comparable to Codix's factoring, invoice discounting, and SCF modules, with a similar institutional buyer focus.

Emerging players

• Hokodo: Trade credit insurance and B2B embedded finance platform with API-first credit insurance distribution. Comparable to Codix's Credit Insurance module and adjacent to iMX Light's startup-targeted SaaS model.
• Mambu: Cloud-native core banking and lending platform serving neobanks and fintechs. Comparable to Codix in SaaS delivery model and lending/consumer finance modules, though more focused on banking-as-a-service than factoring/leasing.

Broad incumbents

• Finastra: Large-scale financial software provider covering lending, treasury, payments, and capital markets for global banks. Competes with Codix in commercial lending and trade finance for Tier 1 banking customers, though at a much broader portfolio scale.
• Temenos: Global banking software platform serving retail, corporate, and wealth management banks. Overlaps with Codix in commercial lending and leasing modules, though Temenos is a much broader, established incumbent.
• Oracle Financial Services: Oracle's banking and capital markets software suite, sharing infrastructure and partnership with Codix. Competes broadly in core banking, lending, and treasury, and has the strategic option to build deeper factoring/leasing vertical functionality.
• BlackLine: Cloud financial close and accounts receivable automation platform serving large enterprises. Adjacent to Codix's iMX Accounting and AR modules, with overlapping buyer personas (controllers, treasury, AR teams) at large enterprises.

Others

• Coface: Global credit insurer and Codix customer. Included as an ecosystem peer because Coface itself operates trade credit management and debt collection software that competes with some iMX credit insurance functionality, while also being a Codix buyer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/codix_sa
• LinkedInlinkedin.com/company/codix

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

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 Codix