What Bellin does

Bellin is a German enterprise software company founded in 1998 and headquartered in Ettenheim, Germany, specializing in treasury management solutions for corporate finance teams operating across multiple subsidiaries, currencies, and bank accounts. The company employs 251-500 people and is led by founder Martin Bellin (CEO), with Wolfgang Kalthoff as CTO, Uwe Reumuth as CFO, and Michael Juen as Chief Consulting Officer. Bellin received a funding round from growth-equity investor LEA Partners in January 2017.

The platform that Bellin's treasury capabilities now sit within is a cloud-based spend management suite covering source-to-contract, procure-to-pay, invoice-to-pay, direct spend management, and treasury and cash management. Treasury and cash management provides real-time cash visibility across bank accounts, subsidiaries, and currencies, with liquidity optimization, cash flow forecasting, intercompany netting, and AI-powered fraud detection. Underlying technology includes SWIFT network membership enabling SCORE/BIC designation for customers, deep ERP integration, a multi-banking portal, and a $10 trillion cumulative spend data asset that powers domain-specific AI agents (Analytics, Knowledge, Supplier Assistance).

Bellin generates revenue primarily through enterprise software subscriptions on annual, quote-based contracts typical of large-enterprise SaaS. The go-to-motion combines direct field sales targeting large enterprises with a multi-tier Partner Xchange program (resellers, SIs, payment partners, app marketplace) and content-led demand generation. Customer segments span enterprise finance and treasury, enterprise procurement, and vertical-specific deployments across automotive, banking and investment, healthcare, industrial manufacturing, life sciences, and public sector.

Name

Bellin

Legal name

Coupa Software Inc.

Website

https://bellin.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Bellin is a German treasury management software company serving enterprise finance and treasury teams globally, providing real-time cash visibility, liquidity optimization, SWIFT-integrated payments, and AI-driven fraud and spend analytics across multi-currency, multi-subsidiary operations.

Ownership category

akta.pro rank

Product category

Treasury Management Software

NAICS

Depository Credit Intermediation (5221)

SIC

Miscellaneous Business Credit Institution (6159), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG)

akta.pro secondary industries

Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE), Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH), Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH)

Keywords

• Treasury management software
• Corporate cash management
• Bank connectivity solutions
• FX risk management
• Liquidity forecasting

Headquarters

HQ city

Ettenheim

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscription / Platform Fees: Coupa generates revenue primarily through software subscriptions for its spend management and treasury management platform. The platform is sold as an integrated suite covering source-to-contract, procure-to-pay, and treasury functions.

Pricing tiers

Distribution channels5 records

Marketing channels8 records

Core offering

Bellin develops and sells treasury management software that gives corporate treasuries real-time cash visibility across bank accounts, subsidiaries and currencies, and supports cash flow forecasting, intercompany netting, payments, liquidity optimization and FX/investment risk management. The platform integrates with corporate ERP systems and connects to global and domestic banks, including SWIFT network membership for SCORE compliance. Bellin complements its software with treasury consulting, implementation and managed services.

Product overview

Coupa offers a unified spend management platform organized into integrated product suites: Source-to-Contract (sourcing and supplier management), Procure-to-Pay (purchasing and expense workflows), Invoice-to-Pay (accounts payable automation), Direct Spend Management (material sourcing and supply chain), and Treasury & Cash Management (liquidity and payment optimization). The platform is powered by Coupa AI, a domain-specific AI layer trained on $10 trillion in real business spend data, offering autonomous agents for analytics, knowledge retrieval, and supplier assistance. The architecture combines core ERP integration with a partner marketplace and specialized AI capabilities to deliver end-to-end spend visibility and control.

Differentiator

Problem solved

Functional benefit

Products and services

• Treasury & Cash Management Platform Corporate treasury management software delivering real-time visibility into cash positions across subsidiaries, currencies and bank accounts, supporting cash flow forecasting, fund management, intercompany netting and liquidity optimization for corporate treasury and CFO teams.
• Payments and Bank Connectivity Multi-banking portal and SWIFT/SCORE-based connectivity enabling corporate clients to process domestic and global payments, manage bank accounts and integrate with ERP systems.
• Fraud Detection & Prevention AI-powered fraud detection capability that learns each organization's normal payment patterns, amounts, recipients and timing, and flags anomalies such as sudden changes in vendor banking details or unusual payment amounts before processing.
• AP Automation Accounts payable automation with full visibility, expense management workflows, payment processing, and integration with treasury management for corporate finance teams.

Quantifiable outcome

• 200,000 payments analyzed per year for enterprise customers
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and acquisition.

• MIT Data Science LabcoreStrategic or Co-development PartnerCoupa partners with MIT Data Science Lab on the Business Spend Index (BSI) Report, conducting research beyond sentiment surveys to predict future business spend direction. This collaboration provides thought leadership content and market intelligence.
• SWIFT NetworkcoreTechnology or IntegrationCoupa is a member of the SWIFT network, enabling customers to become Standard Corporate Environment (SCORE) members and receive their own BIC. Coupa handles compliance with Customer Security Programme (CSP) and token management.
• ScoutbeeacquisitionStrategic or Co-development PartnerCoupa announced acquisition of Scoutbee, a German AI-powered supplier discovery platform, to enhance supplier discovery, onboarding, and transparency for businesses facing shifting trade conditions and supply chain pressures.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HighRadius: AI-powered treasury and order-to-cash platform serving large corporates with cash forecasting, bank reconciliation, and treasury workflows — comparable in target segment and modern cloud-native architecture.
• GTreasury: Provider of SaaS treasury and risk management solutions including cash management, payments, FX, and hedge accounting — directly competes with Bellin for mid-market and enterprise treasury deals.
• TIS (Treasury Intelligence Solutions): Germany-based cloud TMS provider serving corporate treasuries with bank connectivity, cash management, and payments — comparable in European mid-market positioning and feature scope to Bellin.
• Kyriba: Cloud-native treasury management platform offering cash visibility, payments, FX risk, and liquidity solutions to mid-market and enterprise corporates — the most direct independent competitor to Bellin's treasury software offering.

Broad incumbents

• SAP (S/4HANA Treasury): ERP-suite incumbent bundling treasury management (cash, liquidity, bank communication management) inside S/4HANA — represents the suite-bundling threat to independent TMS specialists like Bellin.
• FIS Treasury & Risk Manager: Established treasury and risk management platform from a major financial technology vendor — offers comparable cash management and bank connectivity capabilities to enterprise treasury teams.
• Oracle (Treasury Management): ERP-suite incumbent with Oracle Treasury Management inside Cloud EPM/ERP — competes at the large-enterprise end where procurement prefers consolidated vendors over best-of-breed.
• Bloomberg TMS: Bloomberg's treasury and FX workflow offering leveraging its broader terminal and market data footprint — an established incumbent competing for enterprise FX and cash management mandates.
• ION Group (Wallstreet Suite / Reval): Capital markets and treasury software vendor with Wallstreet Suite and Reval offerings covering FX, cash, and derivatives — a larger incumbent competing for enterprise TMS deals that overlap Bellin's footprint.

Emerging players

• Emagia: AI-driven finance platform with treasury and cash management capabilities targeting mid-market — represents a newer cloud/AI-native entrant beginning to overlap Bellin's mid-market segment.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/BELLINTreasury
• YouTubeyoutube.com/user/CoupaSoftware
• Facebookfacebook.com/BELLINTreasury
• LinkedInlinkedin.com/company/1688154
• Instagraminstagram.com/coupalife

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Bellin