← Embedded Finance Index 2026

CoCoNet

“Can a 40-year-old white-label channel vendor become the default front-office layer that lets incumbent corporate banks deliver a truly embedded, AI-enabled digital experience without replacing their core?”

Founded1984
HQDüsseldorf, Germany
Latest roundBuyout/LBO (EMERAM, April 2024)
IndustryInfrastructure / Corporate Banking Software
The story

CoCoNet has focused for 40+ years on a single mission: white-label front-office channels for corporate banking (payments, cash management, EBICS, SWIFT). Rather than pivot, it has steadily deepened its regulatory posture (EBICS, PSD2, SWIFT gpi, R2P, AMLR) and modernized the multi:versa platform toward cloud/hybrid, open banking APIs, and AI. The 2024 EMERAM buyout marked a shift from founder-led growth to PE-backed European expansion, positioning the company to serve top-tier corporate banks like Raiffeisen, Berenberg, KBC, LBBW, PostFinance and Handelsbanken.

Last 12 months
2024-04
2025
Product timeline
1984
CoCoNet founded in Düsseldorf as a banking software specialist.· founding
2014
Expansion from Germany into Italy, Netherlands, UK, Switzerland and Austria.· expansion
2024
EMERAM Capital Partners acquires CoCoNet in a buyout to fund next growth phase.· acquisition
2025
Accredited as Swift Value-Added Services Enabler.· product
2026
multi:versa lightning SaaS launched as a lighter-weight SaaS offering.· product
The stack
2 layers disclosed in CoCoNet’s embedded-finance stack
Money movement
SWIFT
Lending
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.