SOBACO

What SOBACO does

SOBACO is described as a center of competence for innovative IT and outsourcing solutions and is associated with the Incore Group, an owner-managed Swiss financial and technology group headquartered in Switzerland with regional operations in Germany and Spain. The group comprises three wholly-owned operating subsidiaries: Incore Bank AG, a FINMA-regulated B2B transaction bank serving Swiss and international banks, financial intermediaries, and corporates with both traditional and digital financial solutions; Incore Technology AG, which has developed ICT platforms for over 40 years; and Incore Asset Management Solution AG, which markets the MyWebDepot asset management platform.

The group's core technology stack centers on the proprietary Incore Banking Platform — an open, modular banking platform covering ICT requirements for bank operations, including mobile banking and process digitalization — and MyWebDepot, an all-in-one asset management platform for small to medium-sized financial firms. These are complemented by a Bank-as-a-Service offering that bundles the regulated bank with the technology platform under a single contractual relationship, plus modular service lines covering Accounts & Payments (multi-currency safeguarding in a FINMA-regulated environment), Brokerage & Custody, Treasury Services, Digital Asset Banking for institutional investors, Paying Agent Services, and Banking Process Outsourcing (back-office, tax and regulatory reporting, corporate actions).

Revenue is generated through transaction fees, custody fees, and service fees on banking mandates for institutional clients, with a quote-based pricing model and no public pricing. The go-to-market is enterprise field sales to financial institutions, complemented by platform integration partnerships. The group employs over 190 banking and IT specialists across its three-country footprint. Notable recent activity includes a payment infrastructure pilot on Google Cloud Universal Ledger with Crypto Finance and AMINA Bank, leadership additions at the Executive Board and Board of Directors in early 2026, and an ongoing annual Incore Padel Cup corporate event for finance professionals.

Name

SOBACO

Legal name

Incore Holding AG

Website

https://sobaco-incore.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

SOBACO operates within the owner-managed Incore Group, providing B2B transaction banking and proprietary ICT platforms (Incore Banking Platform, MyWebDepot) to banks, asset managers, financial intermediaries, and corporates across Switzerland, Germany, and Spain.

Ownership category

akta.pro rank

Product category

B2B Transaction Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Nondepository Credit Intermediation (5222), Other Activities Related to Credit Intermediation (522390), Offices of Bank Holding Companies (551111)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

A2A Collections & Direct Account Funding (FSAMAFAH), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL), Application Outsourcing (AO) (BPAEAMAA)

Keywords

• B2B transaction banking
• Banking process outsourcing
• Banking platform software
• Asset management solutions
• Financial ICT services

Headquarters

HQ city

Schlieren

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Banking Services: Transaction banking services including accounts & payments, brokerage & custody, treasury services, paying agent services, and banking process outsourcing. Revenue generated through transaction fees, custody fees, and service fees for financial institutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

SOBACO, operating as part of the Incore Group, provides innovative IT and outsourcing solutions combined with B2B transaction banking services. Through its subsidiaries (Incore Bank AG, Incore Technology AG, and Incore Asset Management Solution AG), it delivers an open modular banking platform, the MyWebDepot asset management solution, and a modular suite of banking services including accounts & payments, brokerage & custody, treasury services, digital asset banking, paying agent services, and banking process outsourcing.

Product overview

Incore offers a platform-plus-modules architecture consisting of the Incore Banking Platform as the core technology offering and MyWebDepot as a specialized asset management solution. These are complemented by a comprehensive suite of banking services including Bank as a Service, Accounts & Payments, Brokerage & Custody, Treasury Services, Digital Asset Banking, Paying Agent Services, and Banking Process Outsourcing. The banking platform enables seamless integration of InCore Bank's modular banking services, while MyWebDepot provides flexible and comprehensive portfolio management for financial investment advice, financial sales, and asset management.

Differentiator

Problem solved

Functional benefit

Brands

• MyWebDepot: All-in-one solution for asset management - flexible and comprehensive portfolio management for small to medium-sized companies, also marketed as modular and high-performance platform for securities business, financial investment advice, financial sales and asset management
• Incore Banking Platform
• Incore Padel Cup

Products and services

• Incore Banking Platform

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Crypto FinancecoreStrategic or Co-development Partner · 1 November 2025Crypto Finance partnered with AMINA Bank and Incore Bank to complete a second-phase payment infrastructure pilot on Google Cloud Universal Ledger (GCUL), advancing from proof-of-concept to interbank production validation for instant account-to-account transfers.
• AMINA Bank AGcoreStrategic or Co-development Partner · 1 November 2025AMINA Bank collaborated with Crypto Finance and Incore Bank on the Google Cloud Universal Ledger payment infrastructure pilot, focusing on instant account-to-account transfers in the interbank production environment.
• Google CloudcoreTechnology or Integration · 1 November 2025Google Cloud Universal Ledger (GCUL) serves as the underlying infrastructure for the payment infrastructure pilot, enabling instant account-to-account transfers between Incore Bank and AMINA Bank.
• Swiss Tennis PadelminorGTM or Marketing PartnerSwiss Tennis Padel is the governing body for padel in Switzerland. Incore Bank partners with them for the Incore Padel Cup event, promoting the sport and strengthening the financial professional community.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sygnum Bank: Swiss FINMA-regulated digital-asset bank offering B2B banking, brokerage, custody and tokenization services; directly comparable to Incore's Digital Asset Banking and Brokerage & Custody franchises for institutional and corporate clients.
• Bank Frick: Liechtenstein-regulated B2B bank offering transaction banking, custody and blockchain/digital-asset services; competes head-to-head with Incore for European fintech and institutional clients seeking regulated banking infrastructure outside Switzerland.
• Avaloq: Swiss-based provider of banking software and digital wealth management platforms serving private banks and asset managers; directly comparable to Incore Technology's Incore Banking Platform and MyWebDepot offerings in the European bank-software space.
• AMINA Bank AG: Swiss-regulated B2B bank specializing in digital and traditional assets; direct pilot partner with Incore on the Google Cloud GCUL A2A payment infrastructure and a near-identical target customer set of institutional and corporate clients.

Emerging players

• Solaris SE: Berlin-based Banking-as-a-Service platform with EU banking license serving fintechs, corporates and banks; competes with Incore's BaaS and Accounts & Payments offerings in the European mid-market with a more software-led delivery model.
• Thought Machine: UK cloud-native core banking platform whose Vault platform targets Tier 1 and mid-market banks for core modernization; competitive overlap with the Incore Banking Platform for European banks undertaking digital transformation.
• 10x Banking: Cloud-native core banking platform serving challenger and incumbent banks with a SaaS delivery model; competing for the same bank-platform modernization opportunities as Incore Technology.
• Mambu: Berlin-based cloud-native core banking and BaaS platform serving challenger and incumbent banks globally; competes for the same platform-modernization and embedded-banking mandates that Incore Banking Platform targets.

Broad incumbents

• Temenos: Global incumbent in core banking software serving 3,000+ banks including numerous Swiss institutions; competes with the Incore Banking Platform as a broader-portfolio alternative for banks modernizing their core systems.

Regional players

• Hypothekarbank Lenzburg: Swiss regional bank known for offering B2B banking-as-a-service and platform banking infrastructure to fintechs; directly comparable to Incore Bank's domestic Swiss BaaS franchise and similar target customer profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 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 SOBACO