Commercial Banking Applications AS
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Commercial Banking Applications AS - overview
Established
1983
Location
Oslo, -, Norway
Primary Industry
Financial Services
About
Established in 1983 and based in Oslo, Norway, Commercial Banking Applications AS operates as a software company that provides its customers with a banking application that enables them to trade finance, finance and loan financing, and make payments. In February 2025, United Fintech Limited, a portfolio company of BNP Paribas, Citigroup, and Danske Bank, acquired Commercial Banking Applications AS. United Fintech offers an integrated platform that provides a wide array of fintech solutions designed for financial institutions looking to enhance their trading and operational capabilities. Their core product offerings include advanced market data solutions, trading technology, and workflow automation tools, all aimed at optimizing investment processes and ensuring compliance with regulatory requirements.
Customers benefit from real-time data visualization, independent fair value pricing, and reliable digitization processes for both securities and over-the-counter (OTC) trades. The platform serves a diverse client base, including banks, hedge funds, and other institutional investors across geographical markets such as North America, Europe, and Asia-Pacific. These products are tailored to address challenges such as systemic risk and operational inefficiencies, allowing financial institutions to modernize their operations while enhancing data transparency and decision-making.
Current Investors
United Fintech Limited
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
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Commercial Banking Applications AS - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 54,210,930 | - | 66,093,694 | 65,081,033 | 65,195,821 | 62,601,836 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (1.5%) | 0.2% | (4.0%) | - | - | - |
| EBITDA (USD) | 21,657,979 | - | 33,721,114 | 30,303,840 | 27,829,965 | 23,727,019 | - | - | - |
| Operating Income (USD) | 15,113,786 | - | 27,133,526 | 20,562,743 | 18,145,289 | 14,006,363 | - | - | - |
| Operating Margin | 27.9% | - | 41.1% | 31.6% | 27.8% | 22.4% | - | - | - |
| % EBITDA Margin | 40.0% | - | 51.0% | 46.6% | 42.7% | 37.9% | - | - | - |
| NET Income (USD) | 14,961,645 | - | 21,694,833 | 17,562,515 | 15,210,222 | 11,206,142 | - | - | - |
| % Net Margin | 27.6% | - | 32.8% | 27.0% | 23.3% | 17.9% | - | - | - |
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