Qaravan

What Qaravan does

Qaravan, operated by OTC Markets Group Inc. and launched in 2015, is a web-based SaaS platform that delivers risk and performance analytics on U.S. community banks by layering a dynamic, queryable interface on top of Call Report and UBPR regulatory data covering more than 5,000 banks. The product surface includes a custom peer-group engine with hundreds of structural, geographic, and financial filter dimensions, configurable reporting and dashboard wizards, automated data refresh with email notifications, a Microsoft Excel Add-In digitally signed via Comodo, and a dedicated Qaravan CECL module that walks bank management through Current Expected Credit Loss compliance decision points and produces push-button stakeholder reports. Underlying infrastructure runs in a private, firewalled environment within an ISO/IEC 27001-compliant data center near Washington, DC, with Stripe-based Level 1 PCI-DSS-compliant payment processing and a clean SOC 3 opinion from PWC; the company also exposes a secure API for enterprise and partner integration.

The business model is predominantly annual SaaS subscription, with tiered pricing by bank total assets: Qaravan Pro runs $3,000 (banks < $500M assets), $4,000 ($500M–$1B), and $5,000 (> $1B) per year, while Qaravan Pro + CECL runs $5,000, $7,000, and $10,000 respectively with one-time onboarding fees of $1,000–$3,000. Enterprise licenses include up to 10 users; additional users cost $500/user/year. Non-bank subscribers (broker-dealers, asset managers, other firm types) pay a flat $5,000 annually. Beyond subscriptions, Qaravan generates revenue from API/secure data feeds, private-label/white-label arrangements with banking associations, regulators, and consultants, and bespoke custom application development. Distribution is primarily direct enterprise field sales supported by a free trial, with content marketing via the company blog, and channel partnerships including ongoing use by the American Bankers Association in its bank analysis curriculum and hosting at the Conference of State Bank Supervisors' private annual technology summit.

The customer base spans community bank executives, board members, federal and state bank examiners, offsite supervisors, banking-focused investors, consultants, and banking school educators — with adoption by 'hundreds of bankers' and approximately 25% of state and federal regulatory agencies per company commentary. Operating geographies are explicitly North America, with no disclosed international footprint or external equity funding.

Name

Qaravan

Legal name

Qaravan (operated by OTC Markets Group Inc.)

Website

https://qaravan.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Qaravan, an OTC Markets Group subsidiary, is a SaaS analytics platform that delivers custom peer benchmarking, reporting, and Excel-integrated query tools over Call Report and UBPR data on 5,000+ U.S. banks for community bankers, regulators, investors, and consultants.

Ownership category

akta.pro rank

Product category

Banking Analytics Software

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

akta.pro primary industry

Personal Financial Management & Budgeting (PFM) (FSAGAAAH)

Keywords

• Community bank analytics
• Regulatory risk reporting
• Call report data
• Bank peer benchmarking
• CECL compliance software

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription - Qaravan Pro: Annual subscription-based licensing for the core Qaravan platform providing access to Call Report and UBPR analytics, custom peer groups, reporting tools, and dashboards.
2. SaaS Subscription - Qaravan Pro + CECL: Enhanced annual subscription including CECL compliance workflow module with Q&A decision support and automated reporting for regulatory documentation.
3. Onboarding Fees: One-time onboarding fees for initial setup and implementation, ranging from $1,000 to $3,000 depending on bank asset size.
4. Additional User Licenses: Enterprise license includes 10 users maximum. Additional users billed at $500 per user per annum.
5. Private Label / White-Label Solutions: Banking schools, associations, regulators, and consultants can offer Qaravan solutions wrapped in their unique branding, available through professional services.
6. Professional Services - Custom Development: Custom application development, secure API data feeds, and bespoke technology solutions for institutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Qaravan is a web-based SaaS platform that delivers risk and performance analytics on Call Report and UBPR regulatory data for community banks. It combines a custom peer-group engine, dynamic reporting and dashboard tools, a CECL compliance module, a Microsoft Excel Add-In, a secure API, and white-label/custom development services into a unified analytics offering for U.S. banks and regulators.

Product overview

Qaravan is a unified platform offering risk and performance analytics for community banks, comprising a core platform with dynamic Call Report and UBPR analysis tools. The product portfolio includes two subscription tiers (Qaravan Pro and Qaravan Pro + CECL), a dedicated CECL module for Current Expected Credit Loss compliance, an Excel Add-In for in-spreadsheet data access, an API for secure data feeds, private-labeled solutions for institutions, and custom application development services. The platform integrates these modules to provide peer group analysis, custom reporting, automated data updates, and secure sharing capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Qaravan Pro: Core subscription platform providing Call Report and UBPR analysis with peer benchmarking, custom reports, dashboards, and queries.
• Qaravan Pro + CECL

Products and services

• Qaravan Platform Web-based SaaS analytics platform for U.S. community bank professionals that delivers risk and performance analytics on Call Report and UBPR regulatory data with custom peer groups, dynamic dashboards, secure sharing, and Excel integration.
• Qaravan CECL Module Turnkey CECL (Current Expected Credit Loss) compliance software module that walks community bank management through critical decision points via Q&A workflow, provides data collection templates with definitions, captures user assumptions with regulatory context, and generates board, regulator, and auditor-ready documentation reports.
• Qaravan API (Secure Data Feeds) Secure enterprise API offering that lets partner institutions and developers build or augment proprietary applications using Qaravan's curated Call Report and UBPR data warehouse via secure data feeds.
• Qaravan Private-Label / White-Label Solutions White-label and private-label offering that allows banking schools, associations, regulators, and consultants to deliver Qaravan analytics wrapped in their own branding to members and clients.
• Qaravan Custom Application Development Bespoke professional services including buy-side analysis tools, custom regulatory platforms, and operations data mash-ups built to an institution's specific requirements using Qaravan's data and technology.

Quantifiable outcome

• Bank President estimates saving approximately one week per year (a little over a day each quarter) that was normally spent compiling data by hand

Named customers5 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

One partnership is on record.

• American Bankers AssociationcoreChannel Partner/ Reseller/ DistributorAmerican Bankers Association has been using Qaravan software as part of their bank analysis curriculum for three years running. This partnership validates Qaravan's utility in professional banking education and provides consistent visibility to their member banks.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• S&P Global Market Intelligence (SNL Financial): S&P Global Market Intelligence delivers comprehensive bank and regulatory data, peer benchmarking, and analytics on U.S. financial institutions—the closest large-scale competitor to Qaravan's core Call Report and UBPR analytics offering.
• Abrigo (formerly Banker's Toolbox / Sageworks): Abrigo provides risk analytics, CECL compliance, and peer benchmarking software to thousands of community banks and credit unions, directly competing with Qaravan Pro, the CECL module, and peer group functionality.
• Baker Hill (a division of Baker Tilly): Baker Hill offers commercial loan analytics, CECL, and bank performance solutions to community and regional banks, overlapping with Qaravan's regulatory and peer benchmarking use cases.

Emerging players

• BankRegData.com: BankRegData publishes curated regulatory bank data reports derived from Call Report filings, addressing the same niche data-discovery use case as Qaravan's lighter-weight users.
• Veribanc: Veribanc provides bank financial strength ratings and analytics using regulatory data for institutional investors, corporates, and depositors, partially overlapping with Qaravan's investor and examiner use cases.

Others

• Conference of State Bank Supervisors (CSBS) Network Profiles: CSBS publishes its own bank performance and peer reports from Call Report data and serves as both a Qaravan customer and a complementary data provider for the same supervisor audience Qaravan targets.
• Curinos (formerly Novantas): Curinos provides bank retail and benchmarking analytics, often embedded in consulting engagements for community and mid-size banks, an adjacent ecosystem player to Qaravan's benchmarking workflows.

Broad incumbents

• Finastra: Finastra is a large core banking software suite used by community and regional banks; while not a direct competitor on bank performance analytics, its installed base positions it as a broad incumbent that could expand into Qaravan's niche.
• Q2 (now Q2 Holdings / Alkami after spin): Q2/now-Alkami provides digital banking and risk analytics platforms to community and regional banks, serving overlapping buyer personas through much broader banking software portfolios.
• FIS (FIS Horizon / Lending): FIS is a large incumbent financial software vendor serving thousands of community and regional banks with lending, risk, and compliance products that could expand into Qaravan's analytics and CECL territory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qaravan

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Qaravan