Finqware valuation, funding and investors
Finqware works in open banking solutions development, based in Cluj-Napoca, Romania. Founded in 2018, it has about 27 employees.
VALUATION · TODAY
$7.63M +1% after Seed
Range $1.64M – $14.0M · Grade DTODAY
+12 MO
$5.00M
$10.0M
$15.0M
$20.0M
$25.0M
2019
2020
2021
2022
2023
2024
2025
2026
2027
Seed $0.61M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY27 employees
+35%6m growth
+42%1y growth
+69%2y growth
10
20
30
Data from Jan 2021
Predicted in 1 yr $7.69M +1% vs today
Predicted next raise $1.86M if a round comes
Winding-down probability 6%
- Last round
- Seed · $0.61M · Jan 2021
- Valuation at last round
- $3.11M · implied
- Headcount
- 27 · growing
- Grade
- D
- Founded
- 2018
Finqware valuation today
VCMC values Finqware at $7.63M today, with a range of $1.64M to $14.0M and a grade of D. The valuation starts from its last funding round, a seed round in Jan 2021.
Valuation by date (108 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $5.57M | $2.03M – $15.3M | $7.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $5.72M | $2.08M – $15.7M | $7.84M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $5.86M | $2.13M – $16.1M | $8.03M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $6.02M | $2.19M – $16.5M | $8.25M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $6.18M | $2.25M – $17.0M | $8.47M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $6.34M | $2.31M – $17.4M | $8.70M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $6.51M | $2.37M – $17.9M | $8.93M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $6.69M | $2.43M – $18.4M | $9.02M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $6.87M | $2.50M – $18.9M | $9.10M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $7.05M | $2.57M – $19.4M | $9.18M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $7.24M | $2.64M – $19.9M | $9.27M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $7.43M | $2.71M – $20.4M | $9.35M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $7.63M | $2.78M – $21.0M | $9.43M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $7.84M | $2.85M – $21.5M | $9.52M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $8.03M | $2.92M – $22.1M | $9.60M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $8.25M | $3.00M – $22.7M | $9.69M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $8.47M | $3.08M – $23.3M | $9.77M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $8.70M | $3.17M – $23.9M | $9.86M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $8.93M | $3.25M – $24.5M | $9.95M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $9.02M | $3.28M – $24.8M | $10.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $9.10M | $3.31M – $25.0M | $10.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $9.18M | $3.34M – $25.2M | $10.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $9.27M | $3.37M – $25.5M | $10.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $9.35M | $3.40M – $25.7M | $10.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $9.43M | $3.43M – $25.9M | $10.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $9.52M | $3.47M – $26.2M | $10.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $9.60M | $3.50M – $26.4M | $10.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $9.69M | $3.53M – $26.6M | $10.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $9.78M | $3.56M – $26.9M | $10.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $9.87M | $3.59M – $27.1M | $11.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $9.95M | $3.62M – $27.3M | $11.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $10.0M | $3.66M – $27.6M | $11.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $10.1M | $3.69M – $27.8M | $11.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $10.2M | $3.72M – $28.1M | $11.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $10.3M | $3.76M – $28.4M | $11.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $10.4M | $3.79M – $28.6M | $11.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $8.41M | $3.06M – $23.1M | $9.36M (+11%) | before first round | 4 | unknown | D | 0% |
| 22 Jan 2021 | $3.11M | $2.04M – $9.46M | $6.22M (+100%) | after a round | 4 | unknown | C | 0% |
| 1 Feb 2021 | $3.17M | $2.04M – $9.46M | $6.22M (+96%) | after a round | 4 | unknown | C | 0% |
| 1 Mar 2021 | $3.35M | $2.04M – $9.46M | $6.22M (+86%) | after a round | 4 | unknown | C | 0% |
| 1 Apr 2021 | $3.55M | $2.04M – $9.46M | $6.22M (+75%) | after a round | 4 | unknown | C | 0% |
| 1 May 2021 | $3.76M | $2.04M – $9.46M | $6.22M (+65%) | after a round | 4 | unknown | C | 0% |
| 1 Jun 2021 | $3.99M | $2.04M – $9.46M | $6.22M (+56%) | after a round | 4 | unknown | C | 0% |
| 1 Jul 2021 | $4.22M | $2.04M – $9.46M | $6.22M (+47%) | after a round | 4 | unknown | C | 0% |
| 1 Aug 2021 | $4.48M | $2.04M – $9.46M | $6.22M (+39%) | after a round | 4 | unknown | C | 0% |
| 1 Sep 2021 | $4.75M | $2.04M – $9.46M | $6.22M (+31%) | after a round | 4 | unknown | C | 0% |
| 1 Oct 2021 | $5.03M | $2.04M – $9.46M | $6.22M (+24%) | after a round | 4 | unknown | C | 0% |
| 1 Nov 2021 | $5.33M | $2.04M – $9.46M | $6.22M (+17%) | after a round | 4 | unknown | C | 0% |
| 1 Dec 2021 | $5.64M | $2.04M – $9.46M | $6.22M (+10%) | after a round | 4 | unknown | C | 0% |
| 1 Jan 2022 | $7.24M | $2.50M – $11.6M | $7.61M (+5%) | after a round | 10 | growing | C | 0% |
| 1 Feb 2022 | $7.61M | $2.50M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Mar 2022 | $7.61M | $2.51M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Apr 2022 | $7.61M | $2.52M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 May 2022 | $7.61M | $2.53M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Jun 2022 | $7.61M | $2.55M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Jul 2022 | $7.61M | $2.56M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Aug 2022 | $7.61M | $2.57M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Sep 2022 | $7.61M | $2.58M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Oct 2022 | $7.61M | $2.59M – $11.6M | $7.61M (0%) | after a round | 10 | growing | C | 0% |
| 1 Nov 2022 | $7.61M | $1.57M – $11.6M | $7.61M (0%) | after a round | 10 | unknown | C | 0% |
| 1 Dec 2022 | $7.61M | $1.49M – $11.6M | $7.61M (0%) | after a round | 10 | unknown | D | 0% |
| 1 Jan 2023 | $8.06M | $1.89M – $12.3M | $8.06M (0%) | after a round | 13 | up | C | 0% |
| 1 Feb 2023 | $8.06M | $1.55M – $12.3M | $8.06M (0%) | after a round | 13 | up | D | 0% |
| 1 Mar 2023 | $8.06M | $1.49M – $12.3M | $8.05M (0%) | after a round | 13 | up | D | 0% |
| 1 Apr 2023 | $8.06M | $1.43M – $12.3M | $8.04M (0%) | after a round | 13 | up | D | 0% |
| 1 May 2023 | $8.06M | $1.37M – $12.3M | $8.03M (0%) | after a round | 13 | up | D | 0% |
| 1 Jun 2023 | $8.06M | $1.31M – $12.3M | $8.02M (0%) | after a round | 13 | up | D | 0% |
| 1 Jul 2023 | $8.06M | $1.25M – $12.3M | $8.01M (-1%) | after a round | 13 | up | D | 0% |
| 1 Aug 2023 | $8.06M | $1.06M – $12.3M | $8.06M (0%) | after a round | 13 | unknown | D | 0% |
| 1 Sep 2023 | $8.06M | $1.01M – $12.3M | $8.06M (0%) | after a round | 13 | unknown | D | 0% |
| 1 Oct 2023 | $8.55M | $1.17M – $13.0M | $8.49M (-1%) | after a round | 17 | up | D | 0% |
| 1 Nov 2023 | $8.55M | $1.12M – $13.0M | $8.48M (-1%) | after a round | 17 | up | D | 0% |
| 1 Dec 2023 | $8.55M | $1.07M – $13.0M | $8.47M (-1%) | after a round | 17 | up | D | 0% |
| 1 Jan 2024 | $8.55M | $1.02M – $13.0M | $8.46M (-1%) | after a round | 17 | up | D | 0% |
| 1 Feb 2024 | $8.55M | $0.99M – $13.0M | $8.46M (-1%) | after a round | 17 | up | D | 0% |
| 1 Mar 2024 | $8.42M | $0.93M – $12.8M | $8.23M (-2%) | after a round | 16 | up | D | 0% |
| 1 Apr 2024 | $8.40M | $0.89M – $12.8M | $8.21M (-2%) | after a round | 16 | up | D | 0% |
| 1 May 2024 | $8.38M | $0.85M – $12.8M | $8.20M (-2%) | after a round | 16 | up | D | 0% |
| 1 Jun 2024 | $8.37M | $0.81M – $12.7M | $8.18M (-2%) | after a round | 16 | up | D | 0% |
| 1 Jul 2024 | $8.14M | $0.77M – $12.4M | $7.75M (-5%) | after a round | 15 | up | D | 0% |
| 1 Aug 2024 | $3.65M | $0.61M – $9.16M | $2.95M (-19%) | after a round | 16 | flat | D | 45% |
| 1 Sep 2024 | $3.57M | $0.58M – $9.05M | $2.88M (-19%) | after a round | 16 | flat | D | 45% |
| 1 Oct 2024 | $3.49M | $0.55M – $8.95M | $2.82M (-19%) | after a round | 16 | flat | D | 45% |
| 1 Nov 2024 | $3.69M | $0.53M – $9.18M | $3.02M (-18%) | after a round | 17 | flat | D | 41% |
| 1 Dec 2024 | $3.84M | $0.50M – $9.28M | $3.18M (-17%) | after a round | 17 | flat | D | 38% |
| 1 Jan 2025 | $3.99M | $0.48M – $9.36M | $3.37M (-15%) | after a round | 17 | flat | D | 35% |
| 1 Feb 2025 | $4.29M | $0.46M – $10.6M | $3.56M (-17%) | after a round | 17 | flat | D | 32% |
| 1 Mar 2025 | $4.43M | $0.44M – $10.6M | $3.73M (-16%) | after a round | 17 | flat | D | 30% |
| 1 Apr 2025 | $4.55M | $0.41M – $10.6M | $3.90M (-14%) | after a round | 17 | flat | D | 27% |
| 1 May 2025 | $4.75M | $0.39M – $10.8M | $4.19M (-12%) | after a round | 17 | flat | D | 25% |
| 1 Jun 2025 | $4.87M | $0.37M – $10.8M | $4.35M (-11%) | after a round | 17 | flat | D | 23% |
| 1 Jul 2025 | $5.40M | $0.51M – $11.7M | $5.08M (-6%) | after a round | 19 | up | D | 21% |
| 1 Aug 2025 | $5.58M | $0.49M – $11.8M | $5.31M (-5%) | after a round | 19 | up | D | 20% |
| 1 Sep 2025 | $5.71M | $0.47M – $11.8M | $5.49M (-4%) | after a round | 19 | up | D | 18% |
| 1 Oct 2025 | $5.83M | $0.45M – $11.8M | $5.63M (-3%) | after a round | 19 | up | D | 17% |
| 1 Nov 2025 | $5.67M | $0.42M – $11.3M | $5.43M (-4%) | after a round | 17 | up | D | 15% |
| 1 Dec 2025 | $5.78M | $0.41M – $11.3M | $5.56M (-4%) | after a round | 17 | up | D | 14% |
| 1 Jan 2026 | $5.90M | $0.42M – $11.3M | $5.68M (-4%) | after a round | 17 | up | D | 13% |
| 1 Feb 2026 | $5.83M | $0.28M – $11.0M | $5.61M (-4%) | after a round | 17 | flat | D | 12% |
| 1 Mar 2026 | $5.66M | $0.28M – $10.5M | $5.33M (-6%) | after a round | 17 | flat | D | 11% |
| 1 Apr 2026 | $6.26M | $0.44M – $11.4M | $6.02M (-4%) | after a round | 20 | up | D | 10% |
| 1 May 2026 | $6.34M | $0.44M – $11.4M | $6.09M (-4%) | after a round | 20 | up | D | 9% |
| 1 Jun 2026 | $7.07M | $0.46M – $12.5M | $6.94M (-2%) | after a round | 24 | up | D | 8% |
| 1 Jul 2026 | $7.16M | $0.46M – $12.5M | $7.02M (-2%) | after a round | 24 | up | D | 8% |
| 1 Aug 2026 | $8.03M | $1.74M – $13.9M | $8.11M (+1%) | after a round | 27 | growing | D | 7% |
| 1 Sep 2026 | $8.13M | $1.76M – $13.9M | $8.21M (+1%) | after a round | 27 | growing | D | 7% |
| 1 Oct 2026 | $8.23M | $1.77M – $14.0M | $8.30M (+1%) | after a round | 27 | growing | D | 6% |
| 24 Oct 2026 | $7.63M | $1.64M – $14.0M | $7.69M (+1%) | after a round | 27 | growing | D | 6% |
Key facts about Finqware
- Founded
- 2018
- Headquarters
- Cluj-Napoca, Romania
- Employees
- about 27 +59% in a year
- Total raised
- $610K
- Funding rounds
- 1
- Last round
- Seed Jan 2021
Finqware was founded in 2018 by Cosmin Cosma, Danut Covalciuc and Dumitru Taraianu.
Finqware funding history
Finqware has 1 funding round on record, from Jan 2021 to Jan 2021, $610K in total. None disclosed a valuation.
Seed 21 Jan 2021
Led by Elevator Ventures; with GapMinder, Raiffeisen Bank International.
Sources: schoenherr.eu, thepaypers.com, ceelegalmatters.com and 1 more
$610K
Finqware investors
3 investors have backed Finqware; Elevator Ventures led at least one round.
- GapMinder
- Raiffeisen Bank International
What Finqware does
Finqware works in tech companies, with 14 recorded offerings and customers in financial services.
FINQWARE SRL is a Romanian company engaged in open banking solutions, with a focus on treasury management automation and cash management for multi-entity, cross-border organizations. The company provides a suite of products including real-time cash management, payments, collections, and reporting platforms, as well as solutions for payments optimization and working capital insights. Finqware serves banks and financial institutions across Central, Eastern, and Southern Europe and is ISO 27001 certified for information management and security.
Description from Veridion's company data.
Products and services
- Open Banking Solutions Development
- Treasury Management Automation Solutions
- Cash Management Platform Development
- Payments and Collections Platform Development
- Financial Reporting Platform Development
- Financial Reconciliation Platform Development
- Financial Forecasting Platform Development
- Working Capital Insights Platform Development
- Financial Middleware Integration Services
- Multi-Entity Financial Integration Solutions
- Cross-Border Financial Integration Solutions
- SaaS Financial Platform Deployment
- API Financial Platform Integration
- Enterprise Financial Platform Deployment
Markets
- Financial Services
Certifications
- GDPR compliant
- ISO 27001
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 513210 Software Publishers 100% match
Questions about Finqware
What is Finqware worth?
Valuation $7.63M (range $1.64M to $14.0M), as of 24 Oct 2026.
Has Finqware raised money?
Finqware has 1 funding round on record, from Jan 2021 to Jan 2021, $610K in total. None disclosed a valuation.
Who has invested in Finqware?
Elevator Ventures, GapMinder and Raiffeisen Bank International. Lead investors include Elevator Ventures.
How many people work at Finqware?
About 27, up 59% over the last year. Headcount grew from 4 in Jan 2021 to 27 in Sep 2026.
What does Finqware do?
Finqware works in tech companies, with 14 recorded offerings and customers in financial services. Its main offerings are open banking solutions development, treasury management automation solutions and cash management platform development.
When was Finqware founded, and where is it based?
Finqware was founded in 2018 and is based in Cluj-Napoca, Romania. It has about 27 employees, up 59% over the last year.