TESOBE
TESOBE GmbH is a Berlin-based software company that develops and supports the Open Bank Project (OBP), an open-source API platform serving 60+ banks, regulators, and fintechs globally with PSD2 and Open Banking implementations.
- Company typePrivate
- Founded2005
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What TESOBE does
TESOBE GmbH is a Berlin-based private software engineering firm founded in 2005 that has focused exclusively on Open Banking since 2010. It leads the Open Bank Project (OBP), an open-source API platform offering over 500 APIs, sandboxes, and open-source SDKs that enable financial institutions to expose data and services to third-party developers and accelerate PSD2/Open Finance implementations. The company positions itself as a pioneer in Open Banking, with documented contributions to European legislation and a global reach spanning 60+ banks and regulators across Europe, the Americas, the Middle East, and Asia-Pacific.
TESOBE monetizes primarily through direct enterprise sales of the OBP platform and a constellation of adjacent services. Revenue streams include platform subscriptions/licensing, advisory and agile consultancy for banks and fintechs, managed DevOps services (Linux, Kubernetes, OpenShift, CI/CD), OBP training courses (Foundation, Developer, Integrator), and a complementary Experiential Design & Development practice that builds data-driven creative installations. Go-to-market is sales-led — business developers engage prospects via remote meetings, RFPs, and banking technology conferences such as Sibos — and is reinforced by a long-running global hackathon program (70+ events hosted with major Tier 1 banks) and an open-source developer community. The firm is founder/management-owned with no disclosed institutional funding, led by Managing Director Simon Redfern, and operates from Berlin with an additional New York office.
TESOBE firmographics
Firmographics- Name
- TESOBE
- Legal name
- TESOBE GmbH
- Website
- https://tesobe.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TESOBE GmbH is a Berlin-based software company that develops and supports the Open Bank Project (OBP), an open-source API platform serving 60+ banks, regulators, and fintechs globally with PSD2 and Open Banking implementations.
- Ownership category
- akta.pro rank
Where TESOBE is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
TESOBE business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Open Bank Project Platform and Services: Providing the OBP API platform and services that enable financial institutions to provide digital experiences. Includes platform licensing, implementation, and ongoing support.
- Advisory and Consultancy Services: Advisory and agile consultancy services to banks, fintechs and others who want to deliver exciting and secure user experiences to their customers.
- DevOps Services: Managing Linux, Kubernetes, OpenShift, data, integration, cache and CICD environments for clients.
- Training Courses: Open Bank Project Foundation, Developer and Integrator training courses offered to the market.
- Experiential Design & Development: Engineering creative, data-driven digital experiences including experience design, application development, and live experience support for events.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
TESOBE product offering
Product offeringCore offering
TESOBE is a Berlin-based software engineering company that develops the Open Bank Project (OBP), an open-source API platform for banks and financial institutions. The company also provides experiential design and development services, DevOps services, fintech hackathons, and training courses.
Product overview
TESOBE offers a unified product-service portfolio centered on the Open Bank Project (OBP), an open source API platform for financial institutions. The OBP platform provides the core infrastructure with over 500 APIs, sandboxes, and open-source SDKs. Surrounding the platform, TESOBE provides complementary services including Experiential Design & Development (creative data-driven digital experiences), DevOps services, Fintech Hackathons, and Training Courses. Together, these form an integrated ecosystem supporting the entire Open Banking lifecycle from API deployment to developer engagement and training.
Differentiator
Problem solved
Functional benefit
Brands
- Open Bank Project: The open source API platform for the financial services industry, led by TESOBE. Provides over 500 APIs, sandboxes, and open-source SDKs for financial institutions.
Products and services
- Open Bank Project (OBP) An open-source API platform for banks that enables them to expose core banking data and functionality through standardized APIs, supporting PSD2/Open Banking compliance and digital ecosystem integration.
- Experiential Design & Development Services Design and development services focused on creating innovative financial technology experiences for banks and financial institutions.
- DevOps Services DevOps services including infrastructure automation, deployment, and operations support using Linux, Kubernetes, OpenShift, and related technologies for financial institutions.
- Fintech Hackathons Organized hackathon events designed to foster innovation in financial services using the OBP platform, bringing together developers, banks, and fintech companies.
- Training Courses Educational courses covering open banking, API development, fintech innovation, and related topics for developers and financial professionals.
Quantifiable outcome
- 60+ banks and regulators served globally
- +2 more outcomes
Companies that use TESOBE
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles1 record
TESOBE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
TESOBE partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- BNP ParibascoreBNP Paribas has partnered with TESOBE for Open Banking initiatives. BNP Paribas hosted the International Hackathon 2017 in multiple locations including Berlin, Brussels, Nanjing, San Francisco, Luxembourg, Istanbul, Rome, Warsaw.
- HSBCcoreHSBC has worked with TESOBE on Open Banking initiatives. HSBC hosted Openlab 2019 hackathon in Hong Kong.
- SantandercoreSantander partnered with TESOBE for The Santander Hackathon 2018 held in London, UK.
- UniCreditcoreUniCredit worked with TESOBE on The 2016 Appathon in Milan, Italy.
- ABN AmrocoreABN Amro partnered with TESOBE for Beyond Banking hackathon 2018 in Amsterdam, The Netherlands.
- Société GénéralecoreSociété Générale hosted an Open Bank APIs Internal Hackathon in 2017 using TESOBE's Open Bank Project platform.
- German Red Cross (DRK)minorGerman Red Cross engaged TESOBE to create an immersive experience for the Anticipation Hub's 12th Global Dialogue Platform closing ceremony in Berlin, October 2024.
- Stromio GmbHminorStromio GmbH provides green energy for TESOBE's Berlin office, with energy derived from solar and wind sources.
Scale indicators5 records
Recent moves1 record
TESOBE competitors and assessment
Company assessmentDirect peers
- Salt Edge: Salt Edge is an open banking API platform offering account aggregation, PSD2, and data enrichment services across Europe, the UK, and emerging markets. It is a comparable open-source-adjacent competitor to TESOBE's OBP.
- TrueLayer: TrueLayer is a leading European open banking API platform serving banks and fintechs across the UK and EU. It competes head-to-head with OBP on PSD2-aligned bank connectivity, account information, and payment initiation APIs.
- Akoya: Akoya is an open banking data access network backed by major US banks, providing secure bank-to-third-party data sharing APIs. It competes with OBP in delivering bank-side API infrastructure for regulated data sharing.
- Yapily: Yapily is an open banking infrastructure provider offering a single API for bank connectivity across Europe. It is a comparable API-first platform targeting banks and fintechs with similar use cases to OBP.
- Tink (Visa): Tink is a European open banking platform acquired by Visa, offering account aggregation, payment initiation, and bank connectivity APIs across 20+ European markets. It is a direct competitor to OBP in the regulated European Open Banking space.
- Plaid: Plaid is the dominant open banking/data connectivity platform in the US and is expanding globally. It directly competes with TESOBE's OBP in providing bank API infrastructure, sandboxes, and developer tooling for financial institutions and fintechs.
- Token.io: Token.io provides open banking payment initiation and account information services, primarily in the UK and EU. It directly competes with TESOBE for bank and fintech PSD2-driven integrations.
Broad incumbents
- MX Technologies: MX is a US-based open finance data platform providing data aggregation, financial insights, and connectivity for financial institutions. It overlaps with OBP in open-banking-style data connectivity and developer APIs, though at significantly larger scale.
- Backbase: Backbase is a digital banking platform provider serving large banks with orchestration, APIs, and customer experience tooling. While broader than OBP, it overlaps in providing open API infrastructure to financial institutions for digital transformation.
- Finicity (Mastercard): Finicity, acquired by Mastercard, provides open banking connectivity and financial data APIs to lenders, banks, and fintechs. It competes with OBP in the US and increasingly global open-finance connectivity market.
Market position
Strengths5 records
Weaknesses5 records
Key risks6 records
Key highlights6 records
Customer concentration
TESOBE social profiles
Digital presenceTESOBE financial estimates
Financial estimateRevenue estimate
Valuation estimate
TESOBE leadership team
Management profileNumber of profiles
Profiles1 record
TESOBE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TESOBE 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 TESOBE
What does TESOBE do?
TESOBE is a Berlin-based software engineering company that develops the Open Bank Project (OBP), an open-source API platform for banks and financial institutions. The company also provides experiential design and development services, DevOps services, fintech hackathons, and training courses.
Is TESOBE a public or private company?
TESOBE is a private company. It is classified as unknown and is currently operating.
When was TESOBE founded?
TESOBE was founded in 2005. It employs 11 to 50 people.
Where is TESOBE based?
TESOBE is headquartered in Berlin, Germany, in the Europe region.
How does TESOBE make money?
Five revenue lines are on record. Open Bank Project Platform and Services are the primary driver. The others are advisory and Consultancy Services, devOps Services, training Courses and experiential Design & Development.
Who are TESOBE's main competitors?
Direct peers on record are Salt Edge, TrueLayer, Akoya, Yapily, Tink (Visa), Plaid and Token.io. Broad incumbents are MX Technologies, Backbase and Finicity (Mastercard).
Does TESOBE have an API?
Yes. TESOBE provides the OBP (Open Bank Project) API platform enabling financial institutions to offer digital experiences and developer access. The platform offers over 500 APIs, Sandboxes, and open-source SDKs. APIs are available via the API Explorer Sandbox (apiexplorersandbox.openbankproject.com) and production API Sandbox (apisandbox.openbankproject.com). The APIs enable banks to expose financial data and services to developers and third-party applications. Developer documentation is at apiexplorersandbox.openbankproject.com.