CoBa
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.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
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.
CoBa firmographics
Firmographics- 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
CoBa industry classification
Industry- 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
Where CoBa is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
CoBa business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- 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
CoBa product offering
Product offeringCore 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.
Companies that use CoBa
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
CoBa technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
CoBa partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
CoBa competitors and assessment
Company assessmentBroad 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
CoBa social profiles
Digital presenceCoBa financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoBa leadership team
Management profileNumber of profiles
Profiles2 records
CoBa funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoBa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoBa
What does CoBa do?
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.
Is CoBa a public or private company?
CoBa is a private company. It is classified as venture growth investor backed and is currently operating.
When was CoBa founded?
CoBa was founded in 2020. It employs 11 to 50 people.
Where is CoBa based?
CoBa is headquartered in London, United Kingdom, in the Europe region.
How does CoBa make money?
One revenue line is on record: platform Licensing/Subscription.
Who are CoBa's main competitors?
Broad incumbents on record are Tink and Plaid. Direct peers are Mambu, Yapily, Thought Machine, Token, 10x Banking and TrueLayer. Form3 is listed as a regional player. Bud Financial is listed as an emerging player.
Does CoBa have an API?
No public API is recorded for CoBa.
What industry is CoBa in?
CoBa's product category is Connected Banking Software. Its primary akta.pro industry code is FSABAIAD, Account & Balance Services (Operating accounts, statements, eBAM). Its NAICS code is 518210 and its SIC code is 6199.