Leveris

bankingtechnew core banking solutions

FOUNDING YEAR: 2014
LOCATION: Ireland
Last Update: 01/05/2020

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About

Leveris is a software company providing the banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands who wants to enter the banking and lending space. The company offers two integrated products such as a full suite of an end-to-end digital retail bank and full spectrum lending solution. It is a fully integrated, back-end, middleware and front-end services and applications platform that is built on open-source components; it uses open standard formats, APIs and protocols so that new technology innovations are easily integrated, keeping any bank up to date with technological change.

MEDICI Analysis

Leveris is a software company providing the banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands who wants to enter the banking and lending space. The company offers two integrated products such as a full suite of an end-to-end digital retail bank and full spectrum lending solution. It is a fully integrated, back-end, middleware and front-end services and applications platform that is built on open-source components; it uses open standard formats, APIs and protocols so that new technology innovations are easily integrated, keeping any bank up to date with technological change.

Focus

PRODUCTS & SERVICES

A SaaS based platform to provide end to end digital banking & lending solutions for challenger banks, traditional banks, financial institutions and customer brands including telcos, airlines or retail chains

REVENUE MODEL

SaaS

MAIN CLIENTS

Banks

Lenders

Credit Unions

Loan Servicers

company provided insights

Traction

REVENUE

$1.0M - $4.99M

ACTIVE USERS:

20000

ACTIVE USERS COMMENT:

Just launched our first platform in production in April 2017.

People

FOUNDERS

Conor Fennelly

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Dec 2016

TOTAL FUNDING COMMENT

Venture financing: $15.9 M(2016).

LISTED

NO

For Investors

FUNDING NEEDED:

€8 M

USES OF FUNDS RAISED:

1. Scale

2. Marketing

3. Fulfil pipeline

MONTHS LEFT WITH CURRENT CASH BURN RATE:

18 months from 22 Jun, 2017

COMPETITORS:

Thought Machine

Solaris Bank

BASICS

FOUNDING YEAR:

2014

LOCATION:

Ireland

Views:

112 VISITORS | 172 VIEWS

About

Leveris is a software company providing the banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands who wants to enter the banking and lending space. The company offers two integrated products such as a full suite of an end-to-end digital retail bank and full spectrum lending solution. It is a fully integrated, back-end, middleware and front-end services and applications platform that is built on open-source components; it uses open standard formats, APIs and protocols so that new technology innovations are easily integrated, keeping any bank up to date with technological change.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Leveris is a software company providing the banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands who wants to enter the banking and lending space. The company offers two integrated products such as a full suite of an end-to-end digital retail bank and full spectrum lending solution. It is a fully integrated, back-end, middleware and front-end services and applications platform that is built on open-source components; it uses open standard formats, APIs and protocols so that new technology innovations are easily integrated, keeping any bank up to date with technological change.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Leveris

About

Leveris is a software company providing the banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands who wants to enter the banking and lending space. The company offers two integrated products such as a full suite of an end-to-end digital retail bank and full spectrum lending solution. It is a fully integrated, back-end, middleware and front-end services and applications platform that is built on open-source components; it uses open standard formats, APIs and protocols so that new technology innovations are easily integrated, keeping any bank up to date with technological change.

Focus

PRODUCTS & SERVICES

A SaaS based platform to provide end to end digital banking & lending solutions for challenger banks, traditional banks, financial institutions and customer brands including telcos, airlines or retail chains

REVENUE MODEL

SaaS

KEY DIFFERENTIATORS

Lower Cost: Core banking implementations are characterised by high CapEx entry costs, followed by costly ongoing OpEx. Our cloud-based platform virtually eliminates CapEx and dramatically reduces OpEx. We can help any F.I. launch a new digital bank or service for a fraction of the cost of our competitors. Lower Risk: The way we implement a core banking project dramatically reduces the risk for a bank. We deliver a standalone core banking solution that has minimal contact with any legacy technology. It’s a balanced and safe approach to a core banking transformation which enables banks to fully test and prove the system before they start a controlled and safe data migration pull. It’s an approach that has zero impact to their current system and their users. Cloud Native: Unlike our some of our competitors, who just moved old core banking technology to the cloud, taking all the legacy problems with it; we have built our banking platform specifically for the cloud using modern architecture, open-source components and protocols. This means innovation, 3rd party integration, upgrades, compliance etc. can all be done in a fraction of the time and cost of any other system. Speed to Market: Launching a challenger bank can take years. We’ll build a new, standalone platform in weeks. Marketplace banking: Our modular and extensible platform runs on micro-services and open APIs meaning our clients can implement only the services they want, while also building profitable partnerships with market innovators. Banks can now plug-in any 3rd party service they want (e.g.) Instead of competing on FX with Currencyfair or Transferwise, you can just plug them into our platform and agree on a revenue share. Or any other service such as Wealthfront, Stripe, ApplePay, BitCoin, your electricity bill etc. You name it. Revenue: The Leveris platform is conceived, designed and built for revenue-positive or cost-neutral operation. Our unique, multi-purpose lending solution is already fully integrated into a new bank. This means the Leveris platform can start making money from day one unlike the majority of neo-banks and/or transaction only banking service providers. Data Monetization: We monetise data for the bank and for the end consumer. Internet companies such as Facebook and Google make billions of dollars by selling its user's data. We want customers to be able to share their own data securely with 3rd parties and earn money from it. After all, it’s their data.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

People

FOUNDERS

Conor Fennelly

KEY EMPLOYEES:

FOUNDER: Conor Fennelly

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES