Dancerace plc
Dancerace plc is a Bath, UK-based software company founded in 1992 that provides a cloud-based commercial finance operating system — covering backoffice, onboarding, client access, and risk — to banks, lenders, and invoice finance providers worldwide on a subscription SaaS model.
- Company typePublic
- Founded1992
- HeadquartersBath, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Dancerace plc does
Dancerace plc is a UK-based software company founded in 1992 and headquartered in Bath, England, providing a cloud-based commercial finance operating system (OS) to banks, lenders, and invoice finance providers worldwide. Its core product suite comprises four integrated modules — c3 Backoffice Control (the award-winning core lending backoffice used for three decades), e3 Client Access (a borrower-facing GUI), f3 Client Onboarding (a digital onboarding engine that compresses data collection from weeks to minutes), and r3 RiskOps (a risk management system launched in 2024). The platform supports multiple lending product types including invoice discounting, factoring, selective invoice finance, construction finance, recruitment finance, and reverse factoring, and integrates with Xero, QuickBooks, MYOB, ClearBooks, and other third-party systems via an open API and proprietary Open Accounting technology.
The company operates a subscription SaaS revenue model with multi-year enterprise contracts and quote-based pricing tailored to lender size and module scope, generating recurring revenue from banks and specialist lenders globally. Its go-to-market is enterprise field sales supported by industry events, content marketing (including the 'Ledger' podcast), and integration partnerships with technology platforms such as Codat. Dancerace holds SOC 1 Type 2, SOC 2 Type 2, and ISO 27001:2022 certifications, and reports zero downtime since 1992 and a 100% migration success rate for complex platform transitions. The company serves 70–75 lenders worldwide — including 6 of the top 10 and 16 of the top 20 lenders per Business Money's 2026 Receivables Finance Index — with named customers such as Skipton Business Finance, Bibby Financial Services, Aldermore, Secure Trust Bank, Coface, eCapital, Scania, and ScotPac.
Ownership transitioned from founder-led (1992–2021) to private equity: Newable Capital acquired Dancerace in 2021 and Norland Capital acquired it in early 2024. Under Norland's ownership the company has accelerated product investment (r3 RiskOps in 2024, c3 25 in September 2025) and built out commercial leadership, including the appointment of Head of Sales Michael Ellis in October 2024 and Chief of Staff Natalie Inman in December 2024. The company maintains Asia-Pacific operations out of Australia, supporting lenders across four continents, and employs 11–50 staff.
Dancerace plc firmographics
Firmographics- Name
- Dancerace plc
- Legal name
- Dancerace plc
- Website
- https://dancerace.com
- Company type
- Public
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Dancerace plc is a Bath, UK-based software company founded in 1992 that provides a cloud-based commercial finance operating system — covering backoffice, onboarding, client access, and risk — to banks, lenders, and invoice finance providers worldwide on a subscription SaaS model.
- Ownership category
- akta.pro rank
Where Dancerace plc is headquartered
LocationHeadquarters
- HQ city
- Bath
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Dancerace plc business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Subscription (SaaS): Dancerace operates as a SaaS provider offering its commercial finance OS platform to banks and lenders. The platform includes c3 Backoffice Control, e3 Client Access, f3 Client Onboarding, and r3 RiskOps modules. Revenue is generated through software licensing and subscription fees, with the company offering different release tiers (c3 Standard and c3 Edge) for its c3 system.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise SaaS platform - custom pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Dancerace plc product offering
Product offeringCore offering
Dancerace sells a cloud-based commercial finance operating system (OS) to banks, invoice finance lenders, and asset-based lending providers. The integrated platform combines four core modules - c3 Backoffice Control for lending portfolio and operations management, e3 Client Access for the borrower experience, f3 Client Onboarding for digital application capture and underwriting, and r3 RiskOps for risk management - supported by an API and Open Accounting technology that connects to third-party banking, accounting, and insurance systems.
Product overview
Dancerace is a commercial finance operating system (OS) with a platform-plus-modules architecture. The core platform unifies c3 Backoffice Control (the engine room for lending operations), e3 Client Access (borrower-facing system), f3 Client Onboarding (digital onboarding engine), and r3 RiskOps (risk management system) into one connected ecosystem. An API enables integration with third-party banking, accounting (Xero, QuickBooks, MYOB, ClearBooks), and insurance solutions. Training & Support with a 200+ video LMS is available as an add-on service. The system supports lending products including loans, invoice discounting, spot invoice finance, selective invoice finance (SIF), factoring, construction finance, recruitment finance, and reverse factoring.
Differentiator
Problem solved
Functional benefit
Brands
- c3 Backoffice Control: Core backoffice system for lenders' portfolio and business operations management.
- e3 Client Access
- f3 Client Onboarding
- r3 RiskOps
Products and services
- c3 Backoffice Control Cloud-based backoffice control system that lets banks and invoice finance lenders manage their entire lending portfolio and business operations - portfolio management, payments, and backoffice administration - from a single system with bank-grade security.
- e3 Client Access Borrower-facing system that lets business borrowers configure funding accounts, connect accounting systems for automatic data upload, monitor their accounts via customisable dashboards, and send secure messages to their lender.
- f3 Client Onboarding Digital onboarding engine that lets prospects complete application forms, upload documents, and connect accounting systems while providing lenders with detailed underwriting data for funding decisions.
- r3 RiskOps End-to-end risk management system for invoice finance lenders that enables risk-driven decision-making across risk, operations and client teams with tools to model, monitor, prioritise and act on client risk from a single system.
- Training & Support Expert implementation, migration, training and ongoing support service delivered by lending specialists, including a Learning Management System with 200+ videos, guides and tests using gamification.
- Dancerace OS (Commercial Finance Operating System) End-to-end commercial finance operating system that unifies client onboarding (f3), backoffice operations (c3), borrower access (e3), and risk management (r3) with an API integration layer and Open Accounting technology.
Quantifiable outcome
- Client onboarding reduced from weeks to minutes with f3 system
- +4 more outcomes
Companies that use Dancerace plc
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles1 record
Dancerace plc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability1 record
Feature7 records
Dancerace plc partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- CodatcoreCodat provides open finance connectivity enabling Dancerace to integrate with various data sources for open banking and open accounting capabilities. Dancerace CEO Elliot Avison has appeared on Codat's community sessions discussing how lenders can use data and technology to manage risk and operate more efficiently.
- Louisa TempletoncoreHead of Customer Success at Dancerace, leading customer success initiatives and managing Open Accounting implementations. Previously involved in driving best practice and innovation at previous employers.
- Jon WattscoreHead of Product at Dancerace, developed the RiskOps concept and briefing paper. Represents Dancerace at industry events and leads product development for r3 RiskOps system.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Dancerace plc competitors and assessment
Company assessmentBroad incumbents
- Thought Machine: Cloud-native core banking platform (Vault) used by tier-one banks such as Lloyds and Standard Chartered; competes for the same lender IT modernisation budgets that Dancerace targets, though at the core-banking rather than specialist IF layer.
- Finastra: Large financial-services software vendor with corporate and syndicated lending, trade and receivables finance capabilities; broad incumbent whose lending suite overlaps with Dancerace's specialist invoice-finance OS.
- nCino: Cloud banking platform with commercial lending, onboarding and portfolio management modules widely deployed at banks; overlaps with Dancerace's c3/f3/e3 stack at the lender/back-office layer but serves a much broader banking audience.
- Temenos: Global banking software vendor with lending, onboarding and risk modules used by retail and commercial banks; competes as a horizontal incumbent rather than a specialist IF/OS vendor.
- Mambu: Cloud banking platform used by challenger and established banks for lending, deposits and customer management; an indirect competitor to Dancerace at banks evaluating end-to-end core-banking replacement.
Emerging players
- Alfa: Asset finance and lease management software (formerly Alfa iQ) targeting equipment finance and automotive lenders — adjacent specialist niche with overlapping back-office and product-configuration needs versus Dancerace's ABL offering.
- LeaseWave: Cloud lease and loan management platform for equipment finance and asset-based lenders; serves a narrower asset-finance audience but with functionally similar back-office, billing and portfolio tooling to Dancerace.
Others
- CloudMargin: Cloud-based collateral and securities finance workflow platform serving banks and buy-side firms; thematic peer operating in an adjacent corner of the lending ecosystem (collateral management) with similar enterprise SaaS economics.
- Mortgage Cadence: Digital mortgage and consumer-lending platform owned by Accenture; adjacent lending-tech vendor illustrating the broader digital-lending infrastructure market in which Dancerace competes for lender modernisation budgets.
Direct peers
- Lenvi: Lenvi (formerly Riskfactor / Lenvi Riskfactor) provides risk management and back-office software for invoice finance lenders — the closest direct competitor to Dancerace's c3 and r3 RiskOps products, and notably the former employer of Dancerace's CEO and Head of Sales.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Dancerace plc social profiles
Digital presenceDancerace plc compliance and trust
Trust signalCompliance4 records
Dancerace plc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dancerace plc leadership team
Management profileNumber of profiles
Profiles7 records
Dancerace plc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dancerace plc 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 Dancerace plc
What does Dancerace plc do?
Dancerace sells a cloud-based commercial finance operating system (OS) to banks, invoice finance lenders, and asset-based lending providers. The integrated platform combines four core modules - c3 Backoffice Control for lending portfolio and operations management, e3 Client Access for the borrower experience, f3 Client Onboarding for digital application capture and underwriting, and r3 RiskOps for risk management - supported by an API and Open Accounting technology that connects to third-party banking, accounting, and insurance systems.
Is Dancerace plc a public or private company?
Dancerace plc is a public company. It is classified as private equity controlled and is currently operating.
When was Dancerace plc founded?
Dancerace plc was founded in 1992. It employs 11 to 50 people.
Where is Dancerace plc based?
Dancerace plc is headquartered in Bath, United Kingdom, in the Europe region.
How does Dancerace plc make money?
One revenue line is on record: software Subscription (SaaS).
Who are Dancerace plc's main competitors?
Broad incumbents on record are Thought Machine, Finastra, nCino, Temenos and Mambu. Emerging players are Alfa and LeaseWave. Others are CloudMargin and Mortgage Cadence. Lenvi is listed as a direct peer.
Does Dancerace plc have an API?
Yes. Dancerace offers an API that enables lenders to integrate their choice of third-party banking, accounting and insurance solutions. The API provides open accounting layers for connecting client accounting systems and enables data sharing between backoffice and client systems. Lenders can export client records to other systems via API after onboarding.