INDICE
INDICE is an Athens-based software engineering and vertical SaaS company, part of the Qualco group, that builds digital banking (Scalefin), insurance (Inpolicy), and EV charging (EVpulse) platforms alongside team augmentation and managed support services for enterprise clients across Europe.
- Company typePrivate
- Founded2009
- HeadquartersAthens, Greece
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What INDICE does
INDICE is a privately held software engineering and cloud computing company headquartered in Athens, Greece, founded in 2009 and operating as a subsidiary of the Qualco enterprise group. The firm builds internet, cloud, and mobile applications for enterprise clients, organized around three proprietary vertical SaaS platforms — Scalefin for digital banking, Inpolicy for digital insurance, and EVpulse for EV charging infrastructure management — supplemented by a Digital Customer Interactions platform (content management, e-commerce, self-service CRM) and a Digital Debt Collections solution. Each platform is delivered as a hosted subscription, and the EVpulse platform is differentiated by hardware- and energy-provider-agnostic interoperability.
The company generates revenue through three recurring streams: software development and team augmentation services delivered via long-term enterprise agreements, subscription-based delivery of its vertical SaaS platforms, and a dedicated technical-support function branded INDICE Connect. Its go-to-market is enterprise-led, with named customers including Alpha Bank, Chania Bank, Edenred, ERGO, Groupama, Howden Matrix, Metro, Schneider, and ACS, alongside Qualco. Distribution combines direct enterprise sales, the Qualco parent channel, platform-specific microsites (scalefin.io, evpulse.eu), and the Microsoft AppSource marketplace under a Microsoft Gold Partner credential.
The company holds ISO 9001, ISO 27001, and ISO/IEC 27701:2019 certifications from TUV Nord, which serve as procurement prerequisites for EU banking and insurance buyers. Headcount stands at 45+ employees (firmographic range 11–50), no external funding rounds have been disclosed, and the legal entity is incorporated as a Societe Anonyme under Greek law. Operating geography is primarily Europe, with logos indicating delivery into Germany and France through multinational insurance and benefits clients.
INDICE firmographics
Firmographics- Name
- INDICE
- Legal name
- Indice Societe Anonyme
- Website
- https://indice.gr
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- INDICE is an Athens-based software engineering and vertical SaaS company, part of the Qualco group, that builds digital banking (Scalefin), insurance (Inpolicy), and EV charging (EVpulse) platforms alongside team augmentation and managed support services for enterprise clients across Europe.
- Ownership category
- akta.pro rank
INDICE industry classification
Industry- Product category
- Enterprise Vertical SaaS / Software Engineering Services
- NAICS
- Custom Computer Programming Services (541511), Software Publishers (513210)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Customer Engagement, CRM & Agent/Broker Enablement Platforms (FSAGAGAD)
- akta.pro secondary industries
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB), Direct Debit / ACH Collections & Recurring Billing (FSAMAGAE)
Keywords
Where INDICE is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Offices1 record
Markets served
INDICE business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Development Services: Custom software engineering and cloud computing services delivered through team augmentation model with long-term agreements and highly experienced personnel
- Digital Platforms: SaaS platforms including Scalefin (digital banking), Inpolicy (digital insurance), and EVpulse (e-mobility) delivered as hosted solutions
- INDICE Connect: Technical support function with highly-skilled software engineers providing proactive management and efficient resolution of technical issues
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
INDICE product offering
Product offeringCore offering
INDICE develops and sells proprietary vertical SaaS platforms — Scalefin for digital banking, Inpolicy for digital insurance, and EVpulse for EV charging infrastructure — alongside custom software engineering and team augmentation services delivered to enterprise clients. The company also provides a Digital Customer Interactions platform (content management, e-commerce, CRM) and a Digital Debt Collections solution. Revenue is generated through SaaS subscriptions and long-term service agreements.
Product overview
INDICE is a software engineering and cloud computing hub that develops internet, cloud, and mobile applications for businesses across various industries. The company's portfolio consists of multiple distinct platforms: Scalefin (digital banking), Inpolicy (digital insurance), EVpulse (e-mobility SaaS), a Digital Customer Interactions platform (content management, e-commerce, CRM), and a Digital Debt Collections solution. These platforms are complemented by two service offerings — Team Augmentation (extending client teams with skilled personnel) and INDICE Connect (proactive technical issue resolution). The company connects people and business using technology to catalyze digital transformation.
Differentiator
Problem solved
Functional benefit
Brands
- Scalefin: Digital banking platform that enables financial organizations to accelerate digital transformation.
- Inpolicy
- EVpulse
- INDICE Connect
Products and services
- Scalefin Scalefin is a digital banking platform that enables financial organizations to accelerate digital transformation. It is designed for banks and financial institutions seeking to modernize digital banking capabilities and customer experiences.
- Inpolicy Inpolicy is an awarded digital insurance platform that supports insurance companies and brokers in providing personalized digital experiences to their customers.
- EVpulse EVpulse is a SaaS platform for remote control of EV charging infrastructure, enabling businesses and individuals to manage EV charging regardless of energy provider or hardware.
- Digital Customer Interactions Platform An adaptable digital platform offering best-of-breed content management, e-commerce, and self-service CRM solutions for companies launching fast, personalized, and omni-channel digital experiences.
- Digital Debt Collections Solution A digital solution for optimal debt management services that drives customer engagement by empowering individuals to improve their financial situation through self-service and personalized options.
- Team Augmentation A service that adds value to client teams' capabilities and extends in-house skill sets with highly experienced personnel and long-term agreements.
- INDICE Connect A dedicated function of highly-skilled software engineers that proactively manages and efficiently resolves technical issues for clients.
Companies that use INDICE
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles4 records
INDICE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
INDICE partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- QualcocoreINDICE is a subsidiary/part of the Qualco enterprise group. Qualco is also listed as a customer of INDICE's digital solutions. The relationship appears to be a parent-subsidiary structure within the Qualco group.
- MicrosoftflagshipMicrosoft Gold Partner status. INDICE is listed on Microsoft AppSource marketplace as a verified partner (Partner Directory ID: 537c2436-edd4-41ae-9b25-4abcaec5fdb1). The partnership provides technology integration capabilities and market access through Microsoft's enterprise sales channels.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
INDICE competitors and assessment
Company assessmentDirect peers
- Instanda: London-based no-code insurance product, policy administration, and distribution platform. Comparable to Inpolicy as a modern SaaS insurance platform targeting brokers and carriers.
- Mambu: Berlin-based core banking SaaS platform serving banks and lenders with composable cloud-native banking infrastructure. Directly comparable to INDICE's Scalefin digital banking platform in product category and target buyer.
- Thought Machine: UK-headquartered cloud-native core banking platform used by global tier-1 banks. Comparable to Scalefin as an enterprise digital banking SaaS vendor competing for the same regulated bank buyers.
- Insurity: US-headquartered insurance software platform offering policy administration, underwriting, billing, and digital engagement for P&C and specialty insurers. Directly comparable to INDICE's Inpolicy broker and customer engagement platform.
- Virta: Helsinki-based EV charging software and operating platform enabling charge-point operators and fleets to manage hardware-agnostic charging networks. Direct competitor to INDICE's EVpulse platform.
- Backbase: Amsterdam-based digital banking and customer engagement platform for retail, SME, and private banks. Directly overlaps Scalefin and Inpolicy's customer-engagement functionality.
Regional players
- GreenWay: Poland/Central Europe-focused EV charging network operator with its own software platform for managing charging stations. Regional comparable to EVpulse given geographic overlap in EU markets.
Broad incumbents
- Accenture: Global IT services and consulting firm offering custom software engineering, cloud, and digital transformation for financial services and insurance enterprises. Comparable to INDICE's team augmentation and software engineering services line.
- ChargePoint: US-headquartered EV charging network and software platform offering hardware plus a cloud-based management system. Comparable to EVpulse as a charging SaaS incumbent, but operating at significantly larger scale and with proprietary hardware.
- Econocom: European digital services and technology financing company offering software development, cloud, and managed services to enterprise clients across financial services and other verticals. Comparable to INDICE's broader IT services and cloud computing positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
INDICE social profiles
Digital presenceINDICE compliance and trust
Trust signalCompliance3 records
INDICE financial estimates
Financial estimateRevenue estimate
Valuation estimate
INDICE leadership team
Management profileNumber of profiles
INDICE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INDICE 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 INDICE
What does INDICE do?
INDICE develops and sells proprietary vertical SaaS platforms — Scalefin for digital banking, Inpolicy for digital insurance, and EVpulse for EV charging infrastructure — alongside custom software engineering and team augmentation services delivered to enterprise clients. The company also provides a Digital Customer Interactions platform (content management, e-commerce, CRM) and a Digital Debt Collections solution. Revenue is generated through SaaS subscriptions and long-term service agreements.
Is INDICE a public or private company?
INDICE is a private company. It is classified as corporate owned and is currently operating.
When was INDICE founded?
INDICE was founded in 2009. It employs 11 to 50 people.
Where is INDICE based?
INDICE is headquartered in Athens, Greece, in the Europe region.
How does INDICE make money?
Three revenue lines are on record. Software Development Services are the primary driver. The others are digital Platforms and INDICE Connect.
Who are INDICE's main competitors?
Direct peers on record are Instanda, Mambu, Thought Machine, Insurity, Virta and Backbase. GreenWay is listed as a regional player. Broad incumbents are Accenture, ChargePoint and Econocom.
Does INDICE have an API?
No public API is recorded for INDICE.
What industry is INDICE in?
INDICE's product category is Enterprise Vertical SaaS / Software Engineering Services. Its primary akta.pro industry code is FSAGAGAD, Customer Engagement, CRM & Agent/Broker Enablement Platforms, with a secondary code of FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 541511 and its SIC code is 7370.