About Coconut Software
Coconut Software offers digital scheduling solutions tailored for financial institutions like banks and credit unions. Their software streamlines appointment scheduling and customer interactions, enhancing engagement and operational efficiency. Operating on a Software-as-a-Service (SaaS) model, clients pay a subscription fee for continuous updates and support. The company's goal is to help financial organizations provide seamless services to their clients.
Toronto, CanadaHeadquarters
2007Year Founded
$31.6MTotal Funding
SERIES_BCompany Stage
Enterprise Software, Fintech, Financial ServicesIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Disability Insurance
Unlimited Paid Time Off
Remote Work Options
401(k) Company Match
Annual Wellness Benefit ($1000 per year)
Internet Subsidy on each paycheck
Tiki Bucks Incentive Program
Professional Development Budget
Risks
Increased competition from emerging fintech startups offering similar solutions at lower costs.
Rapid technological advancements may require continuous innovation, straining resources.
Potential data privacy concerns and regulatory scrutiny could impact operations in 2024.
Differentiation
Coconut Software specializes in digital scheduling for financial institutions, enhancing customer experiences.
Their SaaS model offers continuous updates and support without significant upfront investment.
Coconut Software integrates on-location and digital channels for seamless customer engagement.
Upsides
Ranked as a fastest-growing company in North America on the 2024 Deloitte Technology Fast 500.
Increased demand for virtual meeting support due to rise of remote banking services.
Growing trend of financial institutions adopting cloud-based solutions to reduce IT costs.
Funding
Total raised$31.64 M
Latest valuation$140.00 M
StageSERIES_B
SERIES B
9/30/2021$21
$140.00 MSERIES A
10/31/2019$5
$24.45 MGRANT
6/30/2019$4
SEED
9/30/2016$1
$3.55 M