Allevo
Allevo is a privately held Romanian software company, founded 1998 in Bucharest, that builds open-source (GNU GPL v3) financial transaction processing and PSD2/open-banking infrastructure under the FinTP platform for banks, corporates, microfinance institutions, and public administrations, monetizing via licenses, subscriptions, and support services.
- Company typePrivate
- Founded1998
- HeadquartersBucharest, Romania
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Allevo does
Allevo (legal entity: Business Information Systems (Allevo) SRL) is a privately held Romanian software company founded in 1998 in Bucharest that builds open-source financial transaction processing infrastructure for banks, corporates, microfinance institutions, and public administrations. Its core technology is the FinTP platform, distributed under GNU GPL v3 and developed under the FINkers United community, with native support for ISO 20022 messaging in XML and JSON formats and integrations into SWIFTNet, SEPA clearing, TransFonD/ReGIS (Romania's instant payments infrastructure), TIPS, and The Berlin Group open banking standard. The product portfolio is segmented by vertical: FinTP for Banks (core payments, SEPA, SWIFT, instant payments, reconciliation), FinTP-Connect (PSD2-compliant API gateway for TPPs), FinTPc for Companies (treasury consolidation), FinTPm for Microfinance, FinTP for Public Administration (treasury single account, liquidity reporting), plus add-on modules FMA (business continuity/disaster recovery for SWIFT messaging), FinTP-Instant, FinOps Suite, and the Whizzer SME reporting project. The technology stack is derived from 12+ years of commercial practice with the predecessor qPayIntegrator product, which was the first SWIFTReady SEPA-certified application in 2008.
Allevo monetizes through a hybrid model combining one-time perpetual licenses (CAPEX), pay-as-you-go hosted subscriptions (OPEX), recurring support and maintenance contracts, professional services (consultancy, implementation, training), and licensed compiled binaries plus SLA-backed enterprise distributions of FinTP for adopters that require guaranteed production support beyond the free GPL community version. Go-to-market is enterprise field sales targeting banks and public institutions ([email protected]), complemented by channel partnerships with IBM, Microsoft (Gold Certified), Oracle (Gold Partner), and SWIFT (Registered Vendor since 1999), plus an event-driven motion anchored on annual User Group meetings and global industry events (Sibos, EBAday, SWIFT Business Forum). Named customers include BCR (Erste Bank Group), Raiffeisen Bank Romania, CEC Bank, EximBank, Garanti BBVA Romania, Moldindconbank, Banca Romaneasca, Amsterdam Trade Bank, CREDITCOOP, TechVentures Bank, Musoni, Carrefour Romania, A&D Pharma, and the Romanian Ministry of Public Finance.
Strategically, Allevo positions itself as an open-source alternative to proprietary payment hubs, emphasizing lower TCO, regulatory compliance (SEPA, PSD2, AML, ISO 20022), and interoperability across heterogeneous systems. Leadership is under CEO Sorina Bera (appointed March 2016, succeeding Corina Mihalache), and additional executive Ioana Guiman serves as managing partner. The company is privately held with no disclosed institutional investors, no parent company, and no subsidiaries, operating from a single registered office at 23C Calea Vitan, Bucharest. Recent momentum centers on Romania's ReGIS instant-payments migration (17 banks onboarded in 2024) and FinTP-Instant deployments, with expanding footprint into Moldova and select Western European accounts.
Allevo firmographics
Firmographics- Name
- Allevo
- Legal name
- Business Information Systems (Allevo) SRL
- Website
- https://allevo.ro
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Allevo is a privately held Romanian software company, founded 1998 in Bucharest, that builds open-source (GNU GPL v3) financial transaction processing and PSD2/open-banking infrastructure under the FinTP platform for banks, corporates, microfinance institutions, and public administrations, monetizing via licenses, subscriptions, and support services.
- Ownership category
- akta.pro rank
Allevo industry classification
Industry- Product category
- Financial Transaction Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Software Publishers (513210), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Payment Orchestration Platforms (Multi-PSP Routing) (FSAMACAB)
- akta.pro secondary industries
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Account Verification & Ownership (AVS/AOV, micro-deposits, auth) (FSAGACAB)
Keywords
Where Allevo is headquartered
LocationHeadquarters
- HQ city
- Bucharest
- HQ country
- Romania
- HQ region
- Europe
Offices1 record
Markets served
Allevo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing (CAPEX): One-time perpetual license charges providing access to live and test instances of products (qPayIntegrator, FMA, Esfera). Revenue recognized upfront upon license delivery.
- Software Licensing (OPEX): Pay-as-you-go model for processing centers offering hosted-managed financial services to banks and corporate treasuries. Allows complete scalability of cost in relation to usage.
- Support & Maintenance: Subscription-based recurring services including software maintenance, software support, measurable service performance, configuration and version management, error fixing, and customer helpdesk.
- Professional Services: Consultancy, implementation, training, and events services. Includes business analysis, project management, requirement analysis, solution integration, admin and user training, testing and acceptance, and assistance.
- FinTP Compiled Binaries License: For open source FinTP Project adopters wanting guaranteed SLA terms and regulation-compliant releases with latest standards updates, Allevo licenses compiled binaries.
- FinTP Enterprise Distribution: Guaranteed distribution of FinTP with SLA terms for enterprises wanting production-ready open source with support, distinct from free GPL v3 community distribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | CAPEX - Perpetual License |
| Usage-based | Pay-as-you-go | OPEX - Pay-as-you-go |
| Freemium | Pay-as-you-go | FinTP Open Source |
| Subscription | Annual | FinTP Enterprise Distribution |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels9 records
Allevo product offering
Product offeringCore offering
Allevo develops and distributes open source financial transaction processing software built around its FinTP platform, serving banks, corporations, microfinance institutions, and public administration. The portfolio includes PSD2-compliant API management (FinTP-Connect), instant payments connectivity, business continuity/disaster recovery (FMA), and corporate treasury consolidation solutions, all based on ISO 20022 messaging standards and distributed under GNU GPL v3 with commercial licensing and support options.
Product overview
Allevo provides a suite of open source financial transaction processing solutions built around the FinTP platform. The portfolio includes specialized variants for different market segments: FinTP for Banks (core payments and transaction processing), FinTP-Connect (PSD2-compliant API management for open banking), FinTPc for Companies (corporate treasury and financial consolidation), FinTPm for Microfinance (loan portfolio and mobile money integration), and FinTP for Public Administration (treasury management). Supporting modules include FMA for business continuity/disaster recovery, FinOps Suite for treasury operations, FinTP-Instant for instant payments connectivity, and the Whizzer Project for SME financial reporting. All core products are distributed under GPL v3 open source license with commercial support options, and the portfolio is unified by common ISO 20022 messaging standards and interoperability capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- FinTP for Banks Complete open source application for processing financial transactions in banks, providing end-to-end interoperability, operational risk containment, regulatory compliance, SWIFTNet connectivity, SEPA compliance, instant payments, liquidity reporting, and reconciliation.
- FinTP-Connect API management solution enabling banks to expose data via standard APIs to Third Party Providers (TPPs) under PSD2. Includes API Gateway, Identity Server integration, TPP identification and validation, Strong Customer Authentication, and fraud prevention capabilities.
- FinTPc for Companies Financial consolidation solution for corporate treasuries and financial departments, providing single-window approach, working capital management, payment classification, reconciliation, and business interoperability with banks including SEPA compliance.
- FinTPm for Microfinance Operations management solution for microfinance institutions, providing flow automation, integration with banks and mobile money transfer services (M-PESA, MTN), loan portfolio management, and reconciliation capabilities.
- FinTP for Public Administration Payment flow optimization solution for state treasuries and public administration, providing treasury single account management, liquidity reporting, forecasting, public debt management, and regulatory compliance.
- FMA (Financial Messaging Availability) Business continuity and disaster recovery solution providing real-time asynchronous mirroring of SWIFT transactions between two remote sites. Includes transaction mirroring engine, procedure and event management, eLearning support, and BCP virtual rehearsal capabilities.
- FinTP-Instant Instant payments module enabling connection to national instant payment infrastructures such as TransFonD in Romania and TIPS for euro payments, supporting real-time payment processing 24/7/365 with transaction caps below RON 50,000.
- Whizzer Project Open source financial reporting and reconciliation application for SMEs, co-developed with Bakken & Bæck under EU funding from Iceland, Liechtenstein, and Norway through EEA Grants.
Quantifiable outcome
- Transactions completed in under 10 seconds, 24/7/365 with FinTP-Instant for instant payments
- +3 more outcomes
Companies that use Allevo
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles4 records
Allevo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature10 records
Allevo partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered strategic, minor and core.
- Bakken & BæckstrategicPartnership for Whizzer Project - open source financial reporting application for SMEs. EU grant-supported development with Iceland, Liechtenstein, and Norway through EEA Grants. Co-development of user-friendly financial reporting and reconciliation solution.
- DocProcessminorPartnership for document processing integration. Enables electronic invoicing and EDI platform integration for factoring and payment automation capabilities.
- TransFonDcoreTechnology integration for Romania's Instant Payments service. FinTP-Instant solution connects financial institutions to TransFonD's ReGIS system for instant payment processing.
- IBMcoreIBM Software Business Partner since 2004, IBM ISV since 2005. Team trained and certified on IBM DB2, Lotus Domino, WAS, WMQ, WBI, TIVOLI, iSeries and pSeries servers. qPayIntegrator, FMA, and Esfera registered with IBM. Solutions running on IBM WebSphere MQ for FMA resilience. Full IBM technology stack partnership.
- MicrosoftcoreMicrosoft Gold Certified Partner with competencies in Networking Infrastructure Solutions and Information Worker Solutions. Specialists certified on BizTalk Server, Windows SharePoint Services, SQL Server, Windows Server. qPayIntegrator and FMA registered with Microsoft Pinpoint. Compatible with Windows 7 and Windows Server 2008.
- OraclecoreGold Oracle Partner. qPayIntegrator version 2.2 running on Oracle Database 11gR2. Solutions available through Oracle Solutions Catalog.
- SWIFTcoreSWIFT Registered Vendor since 1999, SWIFTReady Service Provider since 2003, and SWIFTReady Application Provider since 2008. Provides complete SWIFT connectivity solutions, SWIFTNet installations, business continuity for SWIFT messaging, and consultancy for banks joining SWIFT network. Long-standing strategic partnership for payments infrastructure connectivity.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Allevo competitors and assessment
Company assessmentEmerging players
- Thought Machine: Cloud-native core banking platform with Vault and Vault Payments — emerging direct overlap with FinTP's payments-orchestration value proposition, particularly for European challenger and incumbent banks modernising away from legacy cores.
- Mambu: SaaS core-banking and lending platform used by European digital banks; serves as both a partial substitute and potential partner for Allevo's FinTPm microfinance and FinTPc corporate-treasury modules.
Broad incumbents
- Finastra: Global incumbent offering payments, transaction banking, and core banking software (Fusion Phoenix, Equation) to Tier 1 banks worldwide. Competes with Allevo at the upper end of CEE bank deals and provides the most direct global alternate in payment-hub functionality.
- Temenos: Swiss-listed banking-software vendor with payments, channels, and analytics products used by European banks. Competes at a broader platform level where Allevo's FinTP serves as a payments-orbit module.
- Oracle Financial Services Software: Long-standing partner-or-rival of Allevo (Allevo is an Oracle Gold Partner). Oracle FLEXCUBE and payment-hub offerings compete head-to-head with FinTP within the same CEE banking accounts.
- ACI Worldwide: Real-time payments software vendor whose UP Payments framework and ACI Money Network serve global Tier 1 banks. Directly competes with FinTP-Instant and FinTP for Banks on real-time/orchestration functionality.
- IBM Financial Services: WebSphere, MQ, and TIVOLI form the infrastructure layer underlying FMA's resilience model, while IBM's broader payments middleware competes with FinTP. Key historical channel partner and competitor combined.
Direct peers
- BPC Banking Technologies: Provider of payment-processing and transaction-banking platforms for banks and financial institutions across CEE, MENA and APAC. Closest comparable to Allevo in terms of scale, geography, and product scope around SWIFT/SEPA/instant-payments orchestration.
- Compass Plus: Offers TranzWare and TranzAxis payment-processing and card-issuing platforms serving banks and processors in Eastern Europe, CIS, MENA and APAC. Directly comparable open architecture, multi-PSP orchestration, and bank-customer profile to Allevo's FinTP.
Regional players
- TietoEVRY: Nordic banking-software vendor with adjacent payments and card-management capabilities across the Nordics and Baltics. Comparable regional-payments player outside Romania, illustrating the European expansion path for Allevo.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Allevo social profiles
Digital presenceAllevo compliance and trust
Trust signalCompliance8 records
Allevo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Allevo leadership team
Management profileNumber of profiles
Profiles2 records
Allevo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Allevo 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 Allevo
What does Allevo do?
Allevo develops and distributes open source financial transaction processing software built around its FinTP platform, serving banks, corporations, microfinance institutions, and public administration. The portfolio includes PSD2-compliant API management (FinTP-Connect), instant payments connectivity, business continuity/disaster recovery (FMA), and corporate treasury consolidation solutions, all based on ISO 20022 messaging standards and distributed under GNU GPL v3 with commercial licensing and support options.
Is Allevo a public or private company?
Allevo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Allevo founded?
Allevo was founded in 1998. It employs 11 to 50 people.
Where is Allevo based?
Allevo is headquartered in Bucharest, Romania, in the Europe region.
How does Allevo make money?
Six revenue lines are on record. Software Licensing (CAPEX) is the primary driver. The others are software Licensing (OPEX), support & Maintenance, professional Services, finTP Compiled Binaries License and finTP Enterprise Distribution.
Who are Allevo's main competitors?
Emerging players on record are Thought Machine and Mambu. Broad incumbents are Finastra, Temenos, Oracle Financial Services Software, ACI Worldwide and IBM Financial Services. Direct peers are BPC Banking Technologies and Compass Plus. TietoEVRY is listed as a regional player.
Does Allevo have an API?
Yes. FinTP-Connect provides API management capabilities for banks to expose data via standard APIs to Third Party Providers (TPPs) authorized as PISP (Payment Initiation Service Provider) or AISP (Account Information Service Provider). The API Gateway component retrieves requests from TPPs and handles authentication via the bank's Identity Server. The solution supports redirecting authentication methods, access token validation, and business rules management. Data formats include JSON/XML with ISO 20022 elements, with the default standard implemented being The Berlin Group framework. Other standards can also be implemented based on bank specifications. Developer documentation is at allevo.ro/products/fintp-connect.
What industry is Allevo in?
Allevo's product category is Financial Transaction Processing Software. Its primary akta.pro industry code is FSAMACAB, Payment Orchestration Platforms (Multi-PSP Routing), with a secondary code of FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 522320 and its SIC code is 7370.