
Sipios
Develops simple and secure fintech applications for banks, insurance companies and startups.
EUR | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 50 % | 4 % | 48 % | 32 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates, Company filings or news article
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Sipios, a subsidiary of the Malt group, operates as a specialized digital services company focused on crafting custom software solutions, particularly for the finance and insurance sectors. Founded in January 2017 by Rémi Bardoux and Sacha Letullier, the firm was established to address a market need for high-quality, tailor-made digital products. Both founders brought complementary expertise to the venture; Bardoux's background is in business, having graduated from HEC Paris, while Letullier has a technical foundation with a degree from Epitech. Their collaboration began during a coding bootcamp, where they identified the opportunity to build a business centered on developing robust digital solutions.
The company's core business involves designing and developing web and mobile applications, leveraging a team of product managers and developers. Sipios serves a client base that includes major corporations such as Carrefour, Société Générale, and BlackRock, indicating a capacity to handle enterprise-level projects. The business model is project-based, generating revenue by delivering specific digital products tailored to client requirements. A significant milestone in the company's trajectory was its acquisition by Malt in July 2022. This strategic move allowed Sipios to integrate its project-based methodology with Malt's freelance marketplace, creating a hybrid offering that combines in-house teams with freelance talent to deliver projects. The firm emphasizes an agile and test-driven development approach, aiming to deliver functional products to market efficiently.
The service portfolio of Sipios encompasses the entire product development lifecycle, from initial design thinking and prototyping to development and maintenance. They specialize in creating platforms, business tools, and client-facing applications. By maintaining a focus on specific technologies and agile methodologies, the company positions itself as a capable partner for businesses undergoing digital transformation. The integration with Malt has expanded its service capabilities, allowing for greater flexibility and scalability in project staffing and execution.
Keywords: custom software development, fintech solutions, insurtech, digital product agency, agile development, enterprise applications, web development, mobile applications, Malt subsidiary, financial services technology