Backpack

Company Overview

Snapshot

Founded in April 2016 by Yoni Avital, Backpack operated with 11–50 employees. The company ceased operations in November 2019.

Business overview

Backpack provides SaaS solutions designed to enhance the operational efficiency of financial services companies. Its core offering integrates six technologies into a single solution, addressing various back-office needs within the capital markets industry. This includes CRM, business intelligence, payments, API management, compliance, and reporting functionalities. The company serves enterprises and financial institutions, operating within the Fintech & Insurtech sector, specifically focusing on trading and investing.

Strategic signal

In January 2018, Backpack.io expanded its all-in-one back-office offering for capital markets by adding MT5 integration. This development signaled the company's commitment to enhancing its platform's compatibility and functionality, aiming to provide a more comprehensive solution for financial services firms and potentially broaden its market reach within the trading and investing segment.

Company Intelligence Q&A

What is Backpack's primary business?

Backpack delivers SaaS solutions to help financial services companies maximize the efficiency of their business operations, covering back-office needs in the capital markets industry.

When was Backpack founded?

Backpack was founded in April 2016.

Who founded Backpack?

Backpack was founded by Yoni Avital.

What was a key product development for Backpack?

In January 2018, Backpack.io added MT5 to its all-in-one back-office offering for the capital markets, enhancing its integrated solution.

When did Backpack cease operations?

Backpack ceased to operate in November 2019.