“Can a multi-bank connectivity platform become the single financial operating layer for corporate treasury, embedding payments, cash management, FX, and in-house banking for mid-market and multinational companies?”
Founded in 2012 as a multi-bank connectivity platform for Dutch corporates, Cobase (trading name of Financial Transaction Services B.V.) has steadily expanded from bank statement aggregation into a full treasury management ecosystem. The company pivoted from basic ERP-to-bank connectors toward an all-in-one Payment Hub and Treasury Management System, adding modules for in-house banking, debt management, liquidity forecasting, and FX risk. Most recently, Cobase is embedding third-party financial services (FX via Ebury, banking APIs via Rabobank) directly into its platform, effectively positioning itself as an embedded finance hub for corporate treasury teams.
Cobase uses Ebury for FX and cross-border payouts.
Cobase integrates with Oracle NetSuite, Microsoft Dynamics 365 Business Central, SAP S/4HANA and QuickBooks.
The Embedded Finance Index 2026 maps 4 layers in Cobase's stack: Lending (Debt Management module (tracking external loans, credit lines, leases), Intercompany loan management and Internal liquidity reallocation); Unified APIs (Ebury); FX & payouts (Ebury); Accounting (Oracle NetSuite, Microsoft Dynamics 365 Business Central, SAP S/4HANA and QuickBooks).
Cobase was founded by Jorge Schaffrad and is founded in 2012, headquartered in Amsterdam, Netherlands.
Cobase has raised $20.1M in total.
Get a read on where your own stack stands against Cobase and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.