42. SaaScada

Company: SaaScada

Founders: Steve Round, Nelson Wootton

Website: https://saascada.com/




About SaaScada


Since raising seed funding of £2.5 million in May 2022 SaaScada has made waves in the European fintech world, securing a strong roster of fintech and payments clients, across the UK and Europe. A further funding round in 2023 has allowed the business to further accelerate growth and support the growing demand for its unique core banking approach.

SaaScada was born in the cloud, using cloud-native architecture to deliver lightning-fast transactional throughput and real-time data through open APIs, and drive exceptional customer experiences through the best-of-breed partner ecosystem. In addition to these insights, SaaScada’s clients can also choose to consume standardised data feeds to suit their needs or take advantage of full access to unstructured data for consumption through their own data processing pipelines, data warehouses and data lakes.

SaaScada makes it cheaper, faster and easier for both challengers and existing providers to create feature-rich products that meet real customer needs. Rather than locking away features in high-cost product modules, SaaScada provides a suite of product features from day one, making it easier to develop a feature-rich product offering and respond to the needs of customers.

SaaScada’s clients have built award-winning propositions by harnessing the combined benefits of real-time data insights and flexible product configuration. This has allowed them to build products incorporating a range of wallets including integral savings pots, foreign currency wallets and rewards programmes, based on the needs of their customers. Better yet, the per-account charging structure is product-agnostic, enabling clients to test new offerings and pivot at minimal cost.

The SaaScada team works closely with their banking and fintech clients who are bringing innovation to their markets – in everything from SME banking to international trade finance and BaaS payment solutions. By re-architecting how core banking services are delivered, SaaScada is helping to increase financial inclusivity – allowing smaller players to create compelling offerings that enable them to compete with mainstream giants and open new markets.

SaaScada’s ever-growing roster includes established clients, such as Allica Bank – the UK’s fastest growing Fintech and NEXA finance who provide alternative lending models for residential property developers. SaaScada is also proud to power names such as Relio, Tint Financial Services and The Payment Firm – who SaaScada helped go to market in just three months from a standing start. SaaScada are poised to announce a number of exciting new clients in the coming months.

SaaScada’s work with innovators such as Allica Bank is being noticed with awards for ‘Most Innovative Digital Wallets Deployment: Most Impactful Project’ and ‘NeoChallenger Bank Awards 2023: Regional Winner in Europe with Allica Bank’ at the Global FinTech Innovation Awards 2023. To top off the last year of growth, SaaScada has also been shortlisted for Banking Tech of the Year at the 2024 UK Fintech Awards, highlighting the business’ industry-leading position, and ongoing ability to provide best-in-class products to its clients.



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