Sapiens Acquisition, Valuation, Funding & Investors

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services. The company has its presence in the United States and China. The majority of the revenue is generated from the United States.

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflows and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans, and manage the entire loan life cycle, open deposits, and other accounts, and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. The company generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.

Backbase is an Amsterdam-headquartered fintech provider of AI-powered digital banking platforms overlaying core systems for 150 institutions including Barclays, BNP Paribas, Citibank, and Lloyds Banking Group. Capabilities span retail onboarding, lending, servicing, and wealth management across 16 offices on five continents with over 2,000 employees focused on R&D. The 2003-founded company launched its Intelligence Fabric-enabled AI platform in 2025 for agent-based automation, recognized by Forrester and Gartner as a digital banking leader.

Valon is a mortgage servicing technology company that sells ValonOS, an AI-native operating system for loan servicing. The platform acts as a single system of record for loan data, payments, escrow activity, workflows, exceptions and audit trails, with AI agents running on the same record. Valon operated a mortgage servicing business itself for about six years before turning that operation into software. It reports more than $200B in unpaid principal balance on the platform, and says one in six U.S. mortgages is contracted to run on ValonOS. The company raised a $150M Series D at a $2.3B valuation. Valon is headquartered in New York City and was founded in 2019.

Transmit Security is a Boston-headquartered customer identity and access management platform provider. The company delivers fraud prevention, passwordless authentication, and orchestration tools to banks like Barclays, insurers such as Allianz, and retailers including Walmart. Founded in 2018, Transmit Security processes trillions of identity transactions annually across web, mobile, and API channels.

Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has four reportable segments: Insurance Services, Software & Data, Consumer Services, and Corporate. The majority of revenue is from the Insurance segment. The Insurance Services segment manages and operates the Reciprocal, providing services related, but not limited, to underwriting, policy renewal, risk management, insurance portfolio management, financial management, and setting investment guidelines in exchange for commissions and fees.

Modern Treasury is a San Francisco-headquartered fintech platform for payment operations and reconciliation. Its API automates ACH, wire, and RTP transfers with approval workflows and ledger syncing to bank statements. Finance teams at Brex and Ramp process $100 billion monthly through its console. Founded in 2018, it supports multi-entity treasury for 500 enterprise clients.

Servyou Software Group Co Ltd is a comprehensive service provider of fiscal and taxation information in China. It offers tax system development and operation and maintenance for tax authorities, and provides comprehensive Internet financial and taxation services for taxpayers and financial and tax intermediaries with the Yiqiying brand.

21Finance is a Zurich-headquartered fintech provider of decentralized platforms for digital asset issuance and trading. Its software enables banks and intermediaries to launch compliant marketplaces for tokenized shares, bonds, funds, security tokens, and cryptocurrencies on secondary markets. Regulated under Swiss financial laws, the solution supports Ethereum-based smart contracts.

Feedzai is a Portuguese financial-technology software company founded in Coimbra in 2009. Its risk-operations platform uses machine learning and behavioral data to help banks, payment processors, merchants, and digital-commerce companies detect fraud, scams, money laundering, and account abuse. The software scores transactions and customer activity in real time and provides investigation and case-management workflows for risk teams. Customers access the platform through enterprise subscriptions and implementation services, with deployment across cloud and hybrid environments. Feedzai expanded from Portugal into the United States, the United Kingdom, and other international markets while remaining privately held. EDP Ventures acquired a 7.06% stake during 2011 as its second early portfolio investment. Later financing rounds supported global product development and sales, but the company’s identity remains tied to the feedzai.com domain and should not be confused with similarly named data products.

Icon is a Denver-based retirement technology provider offering Portable Retirement Plans that integrate with payroll systems for small businesses nationwide. The platform automates 401(k) administration, compliance reporting, and participant onboarding via APIs compatible with Gusto and ADP. Its PRP model allows account portability across employers, serving over 1,000 companies with features like auto-escalation and financial wellness tools.

Rogo is a generative AI platform designed for financial institutions including investment banks, asset managers, and private equity firms. The system processes deal documents, financial models, and market data to generate summaries, scenario analyses, and strategic recommendations while adhering to SOC 2 Type II and GDPR compliance standards. Rogo streamlines due diligence, pitch book creation, and portfolio monitoring for teams handling mergers, acquisitions, and capital raises.

Zeta is a San Francisco-headquartered cloud-native banking technology platform enabling financial institutions to launch credit cards, loans, deposits, and digital banking apps. Recognized by Celent in 2023 as a top issuer processing partner for US banks and credit unions, it powers over 25 million cards globally with API-enabled features for processing, fraud detection, loyalty programs, and core banking. The company employs more than 1700 staff, with 70 percent in technology roles across the US, Middle East, Asia, and regional headquarters in Mumbai, India.

Aisino Corp is a technology company specializing in information security. Its products and solutions are used in the fields of finance, education, customs, public security and urban services. The company provides solutions such as dedicated taxation equipment, public safety solutions, intelligent emergency, intelligent warehouse and logistics, border crossing security monitoring system, intelligent asset management solution, financial payment solutions and others.

Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries. The customer segments of the company are Banking, which offers integrated solutions for financial institutions, and Retail, which offers solutions, software, and services that improve the checkout process for retailers. A majority of its revenue is generated from the Banking segment.

iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities, portfolio management, pension administrative services, trust services, and banking services. The company operates through geographic segments: Singapore, Hong Kong, Malaysia, the United Kingdom, and China. The Hong Kong region generates maximum revenue for the company. The company receives the majority of revenue in the form of commissions and fees.

Computer Age Management Services Ltd is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. The company provides a comprehensive portfolio of technology-based services, such as transaction origination interface, transaction execution, payment, settlement and reconciliation, dividend processing, investor interface, record keeping, report generation, intermediary empanelment and brokerage computation and compliance-related services, through its pan-India network to its mutual fund clients, distributors and investors. It also provides certain services to alternative investment funds, insurance companies, banks and non-banking finance companies.

Intapp Inc is a provider of industry-specific, cloud-based software solutions for the professional and financial services industry. It empowers private capital,g, legal, accounting, and consulting firms with the technology needed to meet rapidly changing client, investor, and regulatory requirements. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom and the Rest of the world.