SaaScada offers a data-driven core banking engine designed for banks and fintechs. Its cloud-native platform leverages CQRS architecture and event sourcing to deliver real-time data insights and improved customer experiences. The product enables new entrants to build banking systems from scratch and allows incumbent institutions with legacy cores to launch new offerings alongside existing systems. SaaScada positions its technology to advance financial inclusion and community impact. Founded in 2016 by Nelson Wootton and Steve Round, the company is focused on scaling its core banking solution. In October 2023 it received an undisclosed investment from TX Ventures to accelerate that growth. SaaScada provides an agile, cloud-native core-banking engine that lets customers launch new features and products in minutes rather than months. The platform targets fintechs, challenger banks and smaller banks, enabling lending, deposit-taking and current account products for retail and SME customers. It claims a lower-cost alternative to traditional modular core banking platforms and promotes a best-of-breed ecosystem approach. SaaScada has already signed clients and partners including two of the top 20 fintechs in the U.K. The company plans to use new funding to continue building its engine, expand partner networks and grow its footprint in the banking sector. Founders Nelson Wootton and Steve Round lead the business from London.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

May 2022