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Cobase joins Alpha Group International

Tue, Sep 12, 2023

We are pleased to announce that we have entered into an agreement to join Alpha Group.

Founded in 2017, Cobase has created an innovative, cloud-based multibank platform that now has over 500 bank connections across more than 80 countries. As a result of those efforts, we have experienced significant growth over the past years. This has been driven in no small way by the customer satisfaction we create with users across the globe.

We are delighted to join the Alpha family, because we believe that as part of a larger organisation we will be able to provide a wider array of services, more depth, and unlock exciting opportunities going forward.

Alpha shares the same values we do: it is always about the customer. We will continue to grow our culture for excellent service, deep expertise, and building an ecosystem our clients and partners want to be a part of.

The Alpha and Cobase offerings are highly complementary with one another. We believe there are opportunities to amplify one another’s growth by leveraging and sharing each other’s unique capabilities, experience and investment prowess. Going forward, Cobase will retain the team and continue to operate under its own brand and management. Our DNB license and the services we offer will remain in place.

Morgan Tillbrook, CEO and founder of Alpha Group, says:
“This is our first investment of this kind, and ultimately this is a testament to the company that Cobase have built, and the strength of the alignment the company has with our business. I am excited by the opportunity to work together to accelerate the growth of both businesses and the strong mutual value it will bring to our client bases.”

Jorge Schafraad, CEO and founder of Cobase, says:
“We are delighted to join the Alpha Group as they are a client-driven and innovative company in a field adjacent and closely aligned to ours. We are convinced that this will give our customers, partners and team an exciting path forward. We look forward to introducing additional features, products and services in the near future.”

We are grateful and excited about this major step in the growth of Cobase!

(NB - Acquisition remains subject to approval from the Dutch Central Bank)