Raiffeisen Solution

What Raiffeisen Solution does

Raiffeisen Software GmbH is a privately held Austrian IT company and the exclusive in-house software house of the Raiffeisen Bankengruppe Österreich. Founded in 2015 and headquartered at Goethestraße 80, 4020 Linz, the company develops, maintains, and operates the banking software portfolio used by approximately 340 banks and financial service providers within the Raiffeisen sector — including 327 Raiffeisenbanken, eight Landesbanken, and other financial institutions — ultimately reaching 4.3 million Raiffeisen customers in Austria. Its core products include Mein ELBA (the web banking platform), Mein ELBA-App (Austria's largest banking app with approximately 2 million users), ELBA (core banking system), Raiffeisen INFINITY (Infinity / ELBA infinity), and RaiPay (digital payments), supported by a portfolio of more than 800 custom software applications spanning branch operations, compliance, reporting, and back-office tooling. Technology coverage spans legacy mainframe stacks (PL/I, DB2, MS SQL) through modern distributed systems (Java, C#.NET, Python, Kotlin, Swift, JavaScript, Quarkus, Angular, SwiftUI, PostgreSQL, Kafka, Databricks) and front-end frameworks for mobile and single-page apps, with GitHub Copilot and JetBrains AI Assistant used in engineering workflows.

The company's revenue model is essentially that of a captive B2B software development and IT services vendor: income is generated through software development, maintenance, and IT services delivered almost exclusively to the Raiffeisen banking ecosystem, with pricing not publicly disclosed. Headcount stands at approximately 1,050 employees across six locations — Linz (headquarters), Vienna, Salzburg, Innsbruck, Leoben, and Budapest (Hungary, opened April 2025). The company operates a relationship-driven, enterprise-focused go-to-market via direct delivery to member banks, supported by ISO 27001:2022, ISAE 3402, ISO 9001 (Quality Austria), IQNET, and GDPR (ztp Prüfsiegel 2025) certifications, and seven consecutive Leading Employer Austria awards (2020–2026). Leadership comprises four managing directors: Kurt Poxleitner (CEO), Peter Hartlieb, Edith Mairhofer-Eder, and Christian Urich, alongside an HR and recruiting function of five specialists. Reported revenue for fiscal year 2025 was €163 million.

Name

Raiffeisen Solution

Legal name

Raiffeisen Software GmbH

Website

https://r-software.at

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Raiffeisen Software GmbH is the exclusive in-house software house of the Raiffeisen Bankengruppe Österreich, developing and maintaining banking applications including Mein ELBA, the ELBA-App, and Raiffeisen INFINITY for approximately 340 banks serving 4.3 million Austrian customers.

Ownership category

akta.pro rank

Product category

Banking Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Software Publishers (513210)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industry

Quality Control (QC), Compliance & Audit Tools for Underwriting (FSALALAL)

Keywords

• Banking software solutions
• Core banking systems
• Digital banking platforms
• Mobile banking applications
• Custom software development

Headquarters

HQ city

Leoben

HQ country

Austria

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. B2B Software Development Services: As a software house of the Raiffeisen Bankengruppe Österreich, the company develops and maintains IT solutions exclusively for the Raiffeisen sector. Revenue is generated through software development, maintenance, and IT services provided to approximately 340 banks and financial service providers within the Raiffeisen ecosystem.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Raiffeisen Software GmbH is the in-house software house of the Raiffeisen Bankengruppe Österreich, developing and maintaining banking IT solutions exclusively for affiliated banks and financial service providers within the Raiffeisen sector. It delivers core banking systems, web and mobile banking platforms (Mein ELBA and ELBA-App), the Infinity banking software suite, RaiPay digital payment product, and over 800 custom software applications for daily branch operations and reporting.

Product overview

Raiffeisen Software is the software house of the Raiffeisen Banking Group Austria, providing a comprehensive portfolio of banking IT solutions. The core products include Mein ELBA (web banking platform), Mein ELBA-App (mobile banking app with ~2 million users), ELBA (core banking application system), Infinity (banking software), and RaiPay (digital payment product). The company develops and maintains over 800 custom software solutions spanning customer-facing retail banking applications (Mein ELBA, Mein ELBA-App), backend banking systems, and digital payment services. These products are developed in close collaboration with customers in the Raiffeisen sector using modern agile methodologies.

Differentiator

Problem solved

Functional benefit

Products and services

• Mein ELBA-App Mobile banking application providing smartphone access to banking services for Raiffeisen Bank customers in Austria. Austria's largest banking app with approximately 2 million users.
• Mein ELBA Primary online banking platform for Raiffeisen Bank customers in Austria, serving as the web-based interface for account management, transactions, and banking services.
• ELBA Core banking application system developed and maintained for the Raiffeisen Banking Group, encompassing the software ecosystem used across bank branches and customer-facing services.
• Infinity Banking software product within the Raiffeisen Software portfolio, referenced alongside ELBA in the context of modern software development processes and the IT Bootcamp training program.
• RaiPay Digital payment product offered by Raiffeisen, mentioned as one of the customer-facing digital products developed by Raiffeisen Software teams alongside Mein ELBA and the Mein ELBA-App.
• 800+ Custom Software Solutions Portfolio of over 800 tailored software solutions maintained and developed for the Raiffeisen Banking Group, ranging from user-friendly applications for daily use in bank branches to powerful background reporting tools.

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• Raiffeisen InformatikcoreTechnology or Integration · 1 March 2026IT service provider within the Raiffeisen group. Raiffeisen Software uses their services as an IT service provider. The companies collaborate on IT bootcamp events to showcase the diversity of the IT landscape within the Raiffeisen group.
• Raiffeisen DigitalcoreTechnology or Integration · 1 March 2026Digital services entity within the Raiffeisen group. Participates in joint IT bootcamp events with Raiffeisen Software to demonstrate the variety of IT offerings across the Raiffeisen ecosystem.
• Raiffeisen Bank InternationalcoreTechnology or Integration · 1 March 2026International banking entity within the Raiffeisen group. Participates in joint IT bootcamp events to showcase the diversity of the IT landscape.
• Accenture TiGitalcoreStrategic or Co-development Partner · 1 February 2026Joint participant in BI Digital Summit #11 with over 90 participants. Collaborated on data quality, data unlocking, and data processing topics. Shared perspectives and concrete application examples in data warehousing and PANDA.
• 3 Banken IT GmbHcoreStrategic or Co-development Partner · 1 February 2026Joint participant in BI Digital Summit #11 with over 90 participants. Collaborated on data quality, data unlocking, and data processing topics, including data warehousing and PANDA topics.
• RaiteccoreTechnology or Integration · 1 June 2024IT service provider used by Raiffeisen Software as a data processor. Listed among the IT service providers engaged by the company.
• RICScoreTechnology or Integration · 1 June 2024IT service provider used by Raiffeisen Software as a data processor. Listed among the IT service providers engaged by the company.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Temenos: Global vendor of core banking software serving retail, private, and cooperative banks worldwide. While not Austria-specific, Temenos competes for the same core banking and digital channel budgets that Raiffeisen Software currently captures in-house.
• Avaloq: Swiss-based core banking and wealth management software vendor serving private and cooperative-style banks across Europe. Highly comparable customer segment (European cooperative/private banks) and product scope.
• Capgemini: Global IT services leader with a substantial European banking practice, delivering core modernization, cloud migration, and digital channels for retail and cooperative banks. Comparable scope and customer profile, though much larger and non-captive.
• Sopra Steria: European IT services firm with a sizable banking and financial-services vertical. Comparable scale (~50k+ employees) and delivery model — large multi-year transformation programs for European banks.
• Finastra: Large global financial software vendor covering core banking, lending, payments, and digital channels. Competes for modernization budgets at European banks including the cooperative sector that Raiffeisen Software serves.

Direct peers

• 3 Banken IT GmbH: Austrian IT services provider for the BTV, Oberbank, and Bank für Tirol und Vorarlberg banking groups. Already a named partner of Raiffeisen Software at the BI Digital Summit #11, operates in the same Austrian banking-IT niche with comparable captive/semi-captive dynamics.
• SDZ GmbH (Sparkassen-Dienstleistungszentrum): IT subsidiary of the German Sparkassen savings bank sector, providing core banking, payment processing, and digital channels for hundreds of regional savings banks. Comparable captive-bank-IT model in DACH.
• SIZ GmbH (Sparkassen Informatik Zentrum): IT service provider for the German Sparkassen organization, delivering core banking, security, and operations services. Analogous role in a different cooperative-style banking ecosystem, with similar scale and captive dynamics.
• Atruvia (formerly Fiducia & GAD IT): IT services and software house for the German cooperative banking sector (Volksbanken/RAIFFEISENbanken). Operates a near-identical captive model to Raiffeisen Software: subsidiary of a banking group, develops core banking and digital channels for hundreds of affiliated cooperative banks in the DACH region.
• msg systems ag: German IT services group with a deep banking and financial-services practice, including core banking, regulatory tech, and digital channels. Closely comparable in customer profile (banks and financial-services providers in DACH) and delivery model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/raiffeisen-software

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Raiffeisen Solution