Act21 Software
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.
- Company typePrivate
- Founded2009
- HeadquartersNoida, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Act21 Software firmographics
Firmographics- 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
Act21 Software industry classification
Industry- 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
Where Act21 Software is headquartered
LocationHeadquarters
- HQ city
- Noida
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Act21 Software business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- 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
Act21 Software product offering
Product offeringCore 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
Companies that use Act21 Software
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Act21 Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability7 records
Feature8 records
Act21 Software partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- SignzycoreFintech API partner providing digital onboarding and verification solutions integrated into ACT21's HyperApps platform
- Probe42coreAPI integration partner for verification and compliance solutions embedded in ACT21's platform ecosystem
- KarzacoreAPI partner providing data and analytics solutions integrated into ACT21's low-code platform
- EquifaxcoreCredit bureau and data services API integration for comprehensive verification and due diligence within the platform
- AuthBridgecoreAuthentication and verification API partner providing identity verification services integrated into the platform
- Sign DeskcoreE-signing API integration for document verification and digital agreement processing within the platform
- PerfioscoreFinancial data aggregation and analysis API partner integrated into the platform for fintech solutions
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Act21 Software competitors and assessment
Company assessmentDirect 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
Act21 Software social profiles
Digital presenceAct21 Software compliance and trust
Trust signalCompliance3 records
Act21 Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
Act21 Software leadership team
Management profileNumber of profiles
Profiles1 record
Act21 Software funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Act21 Software 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 Act21 Software
What does Act21 Software do?
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.
Is Act21 Software a public or private company?
Act21 Software is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Act21 Software founded?
Act21 Software was founded in 2009. It employs 101 to 250 people.
Where is Act21 Software based?
Act21 Software is headquartered in Noida, India, in the Asia region.
How does Act21 Software make money?
One revenue line is on record: saaS Subscription.
Who are Act21 Software's main competitors?
Newgen Software is listed as a direct peer. Broad incumbents are Pegasystems (Pega), Appian, OutSystems, Infosys Finacle, TCS BaNCS and FICO. Emerging players are Perfios, Majesco and Signzy.
Does Act21 Software have an API?
Yes. HyperApps offers inbuilt fintech API connectors for seamless connectivity within the system. Integration Manager provides API integration capabilities using REST and SOAP protocols for connecting and managing APIs between software systems. The platform supports connecting external systems via RESTful APIs to extend workflow capabilities and data exchange.
What industry is Act21 Software in?
Act21 Software's product category is BFSI SaaS and Low-Code Automation Platforms. Its primary akta.pro industry code is HDAEAKAL, Industry-Specific Low-Code Platforms (Vertical App Platforms), with a secondary code of HDAEAKAA, Low-Code/No-Code Application Platforms. Its NAICS code is 513210 and its SIC code is 7372.