What Centrico does

Centrico is a financial technology firm headquartered in Biella, Italy, founded in 2019 as an independent open-market entity with roots in the banking technology operations of Sella Group. The company develops and sells an open banking platform built in Java that exposes APIs for full third-party integration, designed to enable financial institutions to replace legacy monolithic core banking systems with modular, customizable components. Its product portfolio centers on the Open Banking Platform and a Core Banking Solution module, both engineered to reduce time-to-market for new personalized financial services while leaving process management control with the client institution.

The company serves banks and other financial institutions globally through an enterprise field-sales motion, partnering with clients during design and development phases to deliver customized solutions. Revenue is generated via subscription/recurring enterprise licensing, with pricing handled on a quote basis per engagement rather than publicly disclosed. Centrico employs approximately 1,300 people across India, Italy, and Romania, maintaining a distributed engineering and delivery model. The firm positions itself as a strategic innovation partner to its clients and operates a thought-leadership presence on Medium. Its strategic relationship with Sella Group is foundational, providing inherited technology credibility, brand association, and implicit financial backing.

Name

Centrico

Website

https://centrico.tech

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Centrico is a financial technology firm founded in 2019 and headquartered in Biella, Italy, that provides open banking and core banking software to financial institutions. Its Java-based, API-exposed platform enables banks to replace monolithic legacy systems with modular, customizable components across India, Italy, and Romania operations.

Ownership category

akta.pro rank

Product category

Open Banking / Core Banking Software

NAICS

Custom Computer Programming Services (541511)

SIC

Finance Services (6199)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

Keywords

• Open banking platform
• Core banking software
• Financial technology solutions
• API banking integration
• Banking modernization

Headquarters

HQ city

Biella

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Open Banking Solutions: Provides open banking technology solutions to financial institutions. The revenue model appears to be enterprise licensing/subscription-based given the B2B nature and custom solution approach.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Centrico sells an open, flexible, Java-based open banking platform and core banking solution that exposes APIs for full integration with third-party services. The product enables banks and financial institutions to replace monolithic legacy core systems with modular components, build new personalized financial services, and reduce time-to-market. Centrico supports clients through design and development with customized solutions that retain complete process management within the client's control.

Product overview

Centrico offers a unified open banking platform primarily consisting of its Open Banking Platform and Core Banking Solution module. The Open Banking Platform serves as the core infrastructure for financial institutions to build and deploy services, while the Core Banking Solution provides the capability to create personalized financial products. Both are built on an open, flexible Java-based system that exposes APIs for third-party integration, allowing clients complete management of their processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Open Banking Platform An open, flexible Java-based core banking system that exposes APIs for full integration with third-party services, enabling financial institutions to build and deploy competitive financial services with reduced time-to-market while retaining complete process management.
• Core Banking Solution A module within the Centrico platform that replaces monolithic and pervasive legacy systems with a modular approach, enabling financial institutions to create new, competitive, and personalized financial services tailored to their clients.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Sella GroupcoreStrategic or Co-development PartnerSella Group led the technological revolutions from which Centrico emerged. Centrico has its roots in these technological revolutions and operates as an independent open market player since 2019. The relationship appears foundational rather than a typical commercial partnership.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Thought Machine: Cloud-native core banking platform built around a vault architecture and APIs, selling to large banks globally. Directly comparable to Centrico as a modern, API-first core banking vendor targeting financial institutions seeking to replace legacy monolithic systems.
• Mambu: Composable cloud core banking platform serving banks, lenders, and fintechs. Closely comparable to Centrico in offering a modular, API-first core that enables financial institutions to assemble customized banking products.
• 10x Banking: Cloud-native core banking platform purpose-built for challenger and incumbent banks. Direct competitor to Centrico in the modern core banking space with a similar API-first, modular proposition.

Broad incumbents

• Temenos: Established Swiss vendor of core banking software serving hundreds of banks worldwide. Competes with Centrico in the core banking modernization market but with a much broader portfolio and longer track record.
• Finastra: Large financial software provider offering core banking, lending, payments, and capital markets solutions. Broad incumbent competitor whose FusionFabric cloud platform overlaps with Centrico's open banking ambitions.
• FIS: Global fintech infrastructure provider with core banking, payments, and digital solutions. Competes with Centrico for large bank modernization programs as a broad incumbent with deep US presence.
• nCino: Cloud banking platform focused on commercial, retail, and mortgage workflows. Adjacent competitor to Centrico in modernizing bank technology stacks, though more weighted toward workflow and CRM layers.

Regional players

• Solaris SE: Berlin-based Banking-as-a-Service and embedded finance platform serving European banks and fintechs. Comparable to Centrico as a European-headquartered open banking infrastructure provider, though more BaaS-leaning.
• Treezor: French payment institution offering Banking-as-a-Service and core banking technology. Comparable to Centrico as a European-headquartered open banking and core banking infrastructure vendor serving regulated financial institutions.

Emerging players

• Weavr: Embedded finance infrastructure provider offering APIs for accounts, payments, and cards. Comparable to Centrico as an emerging API-first banking infrastructure player, though narrower in scope than a full core banking platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Centrico