Cobase

Cobase is an Amsterdam-Zuidoost, Netherlands-based multi-bank treasury and payments platform that centralizes corporate banking, foreign exchange risk management, and financial operations across multiple banks into a single interface. The software-as-a-service company serves corporate clients and financial institutions, supporting over 5,000 users across more than 90 countries while operating with a dedicated team of 30 staff members. The enterprise raised $20.11 million in total funding and generated €3 million in annual revenue during 2023, representing a 70 percent year-over-year growth rate. The platform was historically backed by major financial institutions including ING Ventures, Nordea, and Credit Agricole before Alpha Group International acquired an 85 percent majority stake for $10.08 million in September 2023. Cobase was founded in 2017 by Jorge Schafraad after the concept was initially incubated within ING Bank to address the inefficiencies of fragmented corporate banking systems.