CoBa

What CoBa does

CoBa (legally COBA TECHNOLOGY LTD, registered in England under company number 12265683) is a UK-based B2B fintech operating a cloud-hosted 'Connected Banking Platform' that integrates core banking and payment services between financial institutions and their business customers. The company targets two primary segments: banks and financial institutions seeking to modernize legacy core systems and deliver digital-first experiences, and businesses (from SME through enterprise) requiring consolidated finance management, cash flow forecasting, FX exposure management, credit access, management accounting, and industry benchmarking. CoBa's proposition is integration interoperability — eliminating the technical complexity banks face when stitching together fragmented financial services, while giving businesses a single interface for day-to-day banking operations.

The platform is built as a cloud-hosted architecture that coordinates financial services through integration layers, providing banks with real-time customer data access, tailored solution delivery, demand forecasting, and cross-team visibility. For end-user businesses, the platform consolidates banking, credit, FX protection, cash optimization, and decision-support tools in a unified interface. The company describes its technical approach as 'radical simplicity,' positioning around ease of deployment and seamless integration for banking partners rather than point-solution functionality. No proprietary AI/ML models, APIs, or SDKs are publicly documented; the platform is positioned as an orchestration layer rather than a data-science product.

CoBa operates a sales-led go-to-market motion targeting enterprise banking customers, with a 'Book a demo' CTA on its website (coba.io) and direct email inquiries via [email protected]. Revenue is generated through platform licensing and subscription fees on a recurring basis, with custom enterprise contracts and no publicly disclosed pricing tiers. The company is privately held, with Carl Hasty (Co-Founder & CEO, two decades in fintech FX/payments) and Nick Simpson (Co-Founder & CTO, prior fintech founder and senior investment-banking technology roles) leading a small team of 11-50 employees. Lloyds Banking Group's Fintech Investment Team has made a strategic minority investment (typically below 20%) as part of a four-year portfolio of early-stage fintech bets, and CoBa has been named in Lloyds' 2026 innovation agenda covering agentic AI, digital assets, and emerging technologies. The company is headquartered at 78 Cannon Street, London, EC4N 6HL, and currently serves the United Kingdom market.

Name

CoBa

Legal name

COBA TECHNOLOGY LTD

Website

https://coba.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

CoBa is a UK-based B2B fintech operating a cloud-hosted Connected Banking Platform that integrates core banking and payment services between banks and their business customers, sold via subscription-based enterprise contracts to financial institutions and SMEs.

Ownership category

akta.pro rank

Product category

Connected Banking Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Finance Services (6199)

akta.pro primary industry

Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

Keywords

• Connected banking platform
• Core banking integration
• Digital banking infrastructure
• Bank business API
• B2B banking SaaS

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Licensing/Subscription: CoBa operates as a B2B SaaS platform providing cloud-hosted banking technology to financial institutions. Revenue is generated through platform licensing and subscription fees to banks and businesses accessing connected banking services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CoBa provides a cloud-hosted connected banking platform that seamlessly connects banks and businesses, coordinating core banking and payment services through a single digital layer. For banks, the platform delivers real-time customer data access, integrated customer interfaces, and internal efficiency tooling such as demand forecasting and cross-team coordination. For businesses, it offers consolidated day-to-day finance management, credit access, cash flow forecasting, FX exposure management, interest optimization, and management-accounting/benchmarking capabilities.

Product overview

CoBa offers a single unified cloud-hosted platform called the Connected Banking Platform that enables banks and businesses to collaborate through seamless integration of core banking and payment services. The platform provides banks with real-time customer data access, integrated customer interfaces, and internal efficiency tools, while offering businesses consolidated finance management, risk protection, and decision-making support from a single interface.

Differentiator

Problem solved

Functional benefit

Products and services

• Connected Banking Platform Cloud-hosted SaaS platform that seamlessly connects banks and businesses, coordinating core banking and payment services. For banks it delivers real-time customer data access, seamless cross-system integration, demand forecasting, and cross-team visibility; for businesses it provides consolidated day-to-day finance management, credit access, cash flow forecasting, FX exposure management, interest optimization on surplus cash and debt, management accounting, scenario analysis, and industry-benchmark performance assessment.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Tink: Visa-owned open banking platform operating across Europe with account aggregation, payments initiation, and financial data services. Comparable to CoBa in enabling businesses to access bank data and transact via a unified API, though much larger and now part of Visa.
• Plaid: Global leader in financial data connectivity between bank accounts and applications. Comparable to CoBa in connecting banks and businesses via APIs, but operates at vastly greater scale and breadth across thousands of banks and tens of thousands of apps.

Direct peers

• Mambu: Banking-as-a-Service platform enabling banks and fintechs to launch lending and deposit products. Comparable to CoBa as a SaaS banking infrastructure provider serving regulated financial institutions, though Mambu is more composable and broadly deployed across geographies.
• Yapily: London-headquartered open banking infrastructure provider connecting businesses to bank data and payments across Europe. Comparable to CoBa in UK/European footprint and in providing a connectivity layer between businesses and multiple banks.
• Thought Machine: UK-headquartered core banking platform vendor selling cloud-native core banking technology to major banks. Highly comparable to CoBa in target customer (Tier-1 banks) and category (cloud banking infrastructure), though focused on the core rather than the SME business banking layer.
• Token: UK-based open banking platform focused on account-to-account payments and bank connectivity for businesses. Comparable to CoBa in UK footprint, business customer focus, and the mission of unifying fragmented banking relationships for business users.
• 10x Banking: London-based cloud-native core banking platform whose stated mission is to make banks the 'best they can be' through modern technology. Closely aligned with CoBa in geography, customer profile (incumbent banks), and platform-led approach to bank modernisation.
• TrueLayer: UK-based open banking platform providing account-to-account payments and financial data connectivity. Comparable to CoBa in UK focus, bank-side integration model, and serving businesses that need to interact with multiple banks through a unified layer.

Regional players

• Form3: UK-based cloud-native payment technology provider for banks and fintechs. Comparable to CoBa in UK footprint and cloud-first, bank-serving SaaS model, though focused specifically on payment processing rather than broader connected banking workflows.

Emerging players

• Bud Financial: UK-based open banking and transaction data analytics platform used by banks and fintechs. Comparable to CoBa in UK footprint and bank-side deployment, though narrower in scope — focused on enriched transaction data rather than end-to-end connected banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/coba-connectedbanking

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 CoBa