Custodia
Founded Year
2018Stage
Other Investors | AliveMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-191 points in the past 30 days
About Custodia
Custodia focuses on corporate expense management in the financial technology sector. The company offers a range of services, including smarter expense management, AI-driven budgeting and spending, and real-time approvals and insights, all designed to empower employees and maintain financial control. Primarily, it caters to businesses ranging from small to large scale, providing them with tools for digital finance. It was founded in 2018 and is based in New York, New York.
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Custodia's Product Videos
Custodia's Products & Differentiators
Enterprise Spend Management
Spend Management for Global Enterprises with multiple issuance options, global and/or local
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Expert Collections containing Custodia
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Custodia is included in 1 Expert Collection, including Fintech.
Fintech
9,451 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Custodia Patents
Custodia has filed 5 patents.
The 3 most popular patent topics include:
- payment systems
- alternative currencies
- blockchains
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/11/2019 | 9/12/2023 | Regulatory compliance, Data management, Information technology management, Computer networking, Business | Grant |
Application Date | 6/11/2019 |
|---|---|
Grant Date | 9/12/2023 |
Title | |
Related Topics | Regulatory compliance, Data management, Information technology management, Computer networking, Business |
Status | Grant |
Latest Custodia News
Jul 29, 2024
RegTech Analyst How EU’s financial services are preparing for DORA’s 2025 implementation July 29, 2024 The Digital Operational Resilience Act (DORA) is set to redefine operational standards for financial entities across the EU. According to Custodia , this regulation aims to establish a uniform framework to ensure all financial institutions, including critical ICT service providers, uphold strong operational resilience. As digital transformation escalates potential new risks within the sector, DORA’s mandate is crucial for maintaining overall financial system stability. DORA marks a significant evolution in the regulatory landscape, dictating how EU financial entities manage and report their operational resilience, especially concerning ICT risks. With its full enforcement scheduled for January 2025, it is imperative for financial services to begin proactive preparations to meet these new standards. To adapt to DORA, financial institutions must develop advanced monitoring systems. These systems are essential for capturing and relaying real-time data, ensuring that both regulatory bodies and stakeholders remain well-informed about ICT-related risks and incidents. Implementing such monitoring not only satisfies regulatory requirements but also enhances trust by demonstrating a commitment to high resilience standards. Enhancing contractual documentation is another critical step. This ensures that all agreements with ICT service providers are robust and reflect the heightened standards demanded by DORA. Moreover, obtaining relevant certifications can validate the compliance of financial entities with the new regulations, reinforcing their credibility. A comprehensive testing program is vital to evaluate the effectiveness of implemented systems against potential risks. Such testing helps identify vulnerabilities early, allowing for timely adjustments in risk management strategies. Finally, strengthening third-party risk management is indispensable, considering the significant role external providers play in the ICT ecosystem of financial services. Enhancing oversight and control over these third-party interactions ensures that resilience is not compromised. The implementation of DORA is a transformative event for the financial services industry, necessitating a shift towards more diligent ICT risk management and operational resilience. By focusing on robust monitoring, enhanced documentation, certification, comprehensive testing, and third-party risk management, financial entities will be well-prepared for the full impact of DORA. Copyright © 2024 RegTech Analyst
Custodia Frequently Asked Questions (FAQ)
When was Custodia founded?
Custodia was founded in 2018.
Where is Custodia's headquarters?
Custodia's headquarters is located at 217 West 18th Street, New York.
What is Custodia's latest funding round?
Custodia's latest funding round is Other Investors.
Who are the investors of Custodia?
Investors of Custodia include Dynamic Loop Capital.
Who are Custodia's competitors?
Competitors of Custodia include Ramp, Brex, Moss, Navan, Expensify and 7 more.
What products does Custodia offer?
Custodia's products include Enterprise Spend Management and 1 more.
Who are Custodia's customers?
Customers of Custodia include Wix, CAL and Taboola.
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Compare Custodia to Competitors
Brex provides spend management solutions across various sectors. The company offers products including corporate cards, expense management, travel, bill pay, and banking services aimed at assisting businesses in managing spending and financial processes. Brex serves startups, mid-size companies, and enterprises with its range of financial products. Brex was formerly known as Veyond. It was founded in 2017 and is based in Salt Lake City, Utah.
Pleo focuses on business spend management within the financial technology sector. The company offers company cards with individual spending limits and provides a platform to manage expenses, reimbursements, invoices, and budgets. It serves businesses looking to manage their spending and financial processes. The company was founded in 2015 and is based in København N, Denmark.
Ramp is a financial operations platform that provides spend management services for businesses. The company offers a suite of services including corporate cards, expense management, accounts payable solutions, and accounting automation. Ramp's platform serves startups, small businesses, mid-market companies, and enterprises across various sectors. It was founded in 2019 and is based in New York, New York.
Rho focuses on providing financial services and operates within the finance and technology sectors. The company offers a financial platform that includes services such as commercial banking, corporate cards, expense management, and accounts payable automation. Rho primarily serves organizations looking to manage their finances. Rho was formerly known as Rho Business Banking. It was founded in 2018 and is based in New York, New York.
Soldo provides spend management solutions within the financial services sector. The company offers a platform that connects with financial systems to manage corporate spending through company cards, a mobile app for tracking expenses, and tools for financial compliance. Soldo serves businesses that need to manage their expense processes and gain insights into their spending. Soldo was formerly known as PX Technology. It was founded in 2014 and is based in London, United Kingdom.
Mesh focuses on travel and expense management for enterprises operating within the financial technology sector. The company offers a platform that provides solutions for travel management, spend management, and expense management, aiming to provide real-time visibility, control, and insights into all expenses. Mesh primarily serves modern global enterprises. It was founded in 2018 and is based in New York, New York.
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