Cobase grows revenues 67% despite acquisition disruption

Cobase grew its revenues by  67% to €2 million in the financial year 2023, with all revenues derived through SaaS subscription fees, according to a trading update from Alpha Group, which completed its acqusition of the treasury technology firm in December 2023

In addition, Cobase's client base grew by more than two thirds during the year, to end 2023 with more than 130 clients.

"With Cobase's bank-connectivity technology added to Alpha's stable of products, the Group is now able to offer our corporate client base a comprehensive and flexible portfolio of treasury-focused products covering FX, payments, accounts, and bank management," said the statement.

---