# SAP Fioneer

**Source:** https://www.startuphub.ai/startups/sap-fioneer
**Profile type:** Startup

> SAP Fioneer develops innovative software and platform solutions tailored for banks and insurers.

## About

SAP Fioneer is a joint venture between SAP SE and Dediq GmbH, launched in September 2021. It provides cloud-based software solutions for the financial services industry, focusing on core banking, core insurance, and finance processes. The company aims to drive digital transformation for banks, insurers, and challengers by leveraging SAP's technology and expertise, operating independently with fintech agility.

## Key facts

- **Slug:** sap-fioneer
- **Website:** https://www.sapfioneer.com/
- **Location:** Oslo, Norway
- **Founded:** 2021
- **Employees:** 1323
- **Operating status:** Active
- **Total funding:** $500M
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/fioneer

## Frequently asked

### What does SAP Fioneer do?

SAP Fioneer is a joint venture between SAP SE and Dediq GmbH, launched in September 2021. It provides cloud-based software solutions for the financial services industry, focusing on core banking, core insurance, and finance processes. The company aims to drive digital transformation for banks, insurers, and challengers by leveraging SAP's technology and expertise, operating independently with fintech agility.

### What is SAP Fioneer's valuation?

StartupHub estimates SAP Fioneer's effective valuation at $1.8B (range $1.3B to $3.0B, 10% confidence), based on comparable companies in the sector.

### How much funding has SAP Fioneer raised?

SAP Fioneer has raised a total of $500M in funding. The most recent round on record is Joint Venture Investment.

### Where is SAP Fioneer headquartered?

SAP Fioneer is headquartered in Oslo, Norway.

### When was SAP Fioneer founded?

SAP Fioneer was founded in 2021.

### How many employees does SAP Fioneer have?

SAP Fioneer has approximately 1323 people on record.

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