Act21 Software

Name

Act21 Software

Legal name

Act21 Software Pvt Ltd

Website

https://act21.io

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Act21 Software is a Noida-based B2B SaaS company that provides BFSI-focused low-code (HyperApps), sales performance management (HyPerform), and digital onboarding (HyperVantage) platforms to enterprise banks, NBFCs, insurers, and MFIs, processing $368B in annual disbursements across its customer base.

Ownership category

akta.pro rank

Product category

BFSI SaaS and Low-Code Automation Platforms

NAICS

Software Publishers (513210), Software Publishers (51321), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Industry-Specific Low-Code Platforms (Vertical App Platforms) (HDAEAKAL)

akta.pro secondary industries

Low-Code/No-Code Application Platforms (HDAEAKAA), Process & Case Management Low-Code Platforms (HDAEAKAE)

Keywords

• BFSI low-code platform
• Sales performance management
• Incentive commission management
• Digital onboarding software
• Financial workflow automation

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Software-as-a-Service subscription model providing access to platforms including HyperApps, HyPerform, and HyperVantage on cloud, on-premises, or hybrid deployments

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

ACT21 Software builds and sells enterprise SaaS platforms tailored for the BFSI vertical. Its primary offerings are HyperApps, an AI-driven low-code platform with a Business Rules Engine and pre-built fintech API connectors for rapid application development; HyPerform, a sales performance and incentive commission management platform; and HyperVantage, a digital onboarding platform for customers, vendors, and partners. Platforms are delivered via cloud, on-premises, or hybrid deployments to banks, NBFCs, insurance, and microfinance institutions.

Product overview

Act21 Software offers a platform-plus-modules architecture for the BFSI sector. The core platform consists of HyperApps (AI-driven low-code development platform), HyPerform (Sales Performance Management), and HyperVantage (Digital Onboarding). These are complemented by specialized add-on modules including Employee Incentive, Partner Payout, Partner Onboarding, UI Manager, Integration Manager, and Workflow Manager. The portfolio provides end-to-end business automation solutions enabling financial institutions to streamline operations from onboarding through incentive management.

Differentiator

Problem solved

Functional benefit

Brands

• HyperApps: AI-driven low-code platform for end-to-end automation at scale, enabling rapid application development with drag-and-drop tools.
• HyPerform
• HyperVantage

Products and services

• HyperApps Low-Code Platform AI-driven low-code platform for end-to-end automation at scale, enabling BFSI enterprises to rapidly develop enterprise applications through drag-and-drop tools, 25+ pre-built UI components, a Business Rules Engine, AI/ML integration, and inbuilt fintech API connectors.
• HyPerform Sales Performance Management Platform Sales Performance Management platform for designing, governing, and executing sales strategies with precision, covering targets, territories, quotas, and incentives. Includes User-Defined KPIs, Formula Builder, Payout Grid, real-time visibility, and full automation for employee and partner payouts.
• HyperVantage Digital Onboarding Digital onboarding platform for seamless customer, vendor, and partner onboarding with structured workflows, liveliness checks, KYC verification integration, and 5x faster onboarding.
• Employee Incentive Module Dynamic incentive ecosystem for performance excellence with KPI-linked rewards, 360-degree ICM, integration with HR systems, budgeting, and hierarchy management, sold as a HyPerform-based incentive offering.
• Partner Payout Solution Channel partner payout and commission management solution for automating, tracking, and optimizing partner commissions with invoicing and GST calculation, used by Kotak Mahindra Bank to automate partner payments.
• Partner Onboarding Solution Partner onboarding management solution with customizable workflows, document uploads, vendor code generation, and API integrations for KYC verification within the HyperVantage ecosystem.

Quantifiable outcome

• 5x faster onboarding for customers, vendors, and partners
• +10 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability7 records

Feature8 records

Partnerships

Seven partnerships are on record, tiered core.

• SignzycoreTechnology or IntegrationFintech API partner providing digital onboarding and verification solutions integrated into ACT21's HyperApps platform
• Probe42coreTechnology or IntegrationAPI integration partner for verification and compliance solutions embedded in ACT21's platform ecosystem
• KarzacoreTechnology or IntegrationAPI partner providing data and analytics solutions integrated into ACT21's low-code platform
• EquifaxcoreTechnology or IntegrationCredit bureau and data services API integration for comprehensive verification and due diligence within the platform
• AuthBridgecoreTechnology or IntegrationAuthentication and verification API partner providing identity verification services integrated into the platform
• Sign DeskcoreTechnology or IntegrationE-signing API integration for document verification and digital agreement processing within the platform
• PerfioscoreTechnology or IntegrationFinancial data aggregation and analysis API partner integrated into the platform for fintech solutions

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Newgen Software: India-headquartered low-code BPM and content services platform with deep BFSI customer base across banks and insurance. Closest direct analog to Act21 in terms of vertical focus, product architecture, and Indian enterprise GTM.

Broad incumbents

• Pegasystems (Pega): Global low-code BPM and CRM platform with a strong BFSI practice and established sales performance management (Pega Sales Automation) offering. Competes with Act21 for the same bank automation budgets but at much larger scale and breadth.
• Appian: Public low-code process automation platform with significant financial services customers and workflow/BPM capabilities that overlap with HyperApps and the Workflow Manager module.
• OutSystems: Low-code application development platform serving global banks and insurers. Competes with HyperApps on enterprise-grade app development speed, though it lacks Act21's BFSI-specialized connector library.
• Infosys Finacle: Flagship banking platform from EdgeVerve/Infosys used by hundreds of global banks for core, lending, and digital channels. Overlaps with Act21's BFSI digital transformation positioning and competes for the same Indian Tier-1 wallet.
• TCS BaNCS: TCS's banking platform suite for retail, corporate, and insurance operations, with strong presence among Indian and international banks. Competes with Act21's BFSI focus and benefits from TCS's delivery scale.
• FICO: Global analytics and decisioning platform widely used by banks for credit risk, fraud, and decision management. Closely comparable to Act21's risk and underwriting automation value proposition for BFSI.

Emerging players

• Perfios: Indian fintech data aggregation and analytics platform used by lenders for underwriting, verification, and statement analysis. Overlaps with Act21's fintech API connector ecosystem and serves the same BFSI buyer.
• Majesco: Insurance SaaS platform with policy administration, underwriting, and claims capabilities. Comparable to Act21's insurance segment focus on policy issuance and product rollouts.
• Signzy: Indian digital onboarding and verification API platform for KYC, AML, and video KYC. Overlaps with Act21's HyperVantage onboarding module and is also a technology integration partner of Act21.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/act21s
• LinkedInlinkedin.com/company/act21software
• Facebookfacebook.com/act21software

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Act21 Software