SOFICO

SOFICO

Cloud-based contract management for auto finance

Overview

SOFICO provides software for automotive finance, leasing and fleet management. Its Miles Enterprise cloud contract management platform runs in the cloud to handle contracts, workflows and data for daily operations, while a set of modular add-ons covers pricing, servicing and mobility services. This combination gives customers a stable, scalable backbone and configurable extensions that support evolving mobility offerings, helping distinguish it from generic ERP or CRM tools. Its goal is to be the dependable platform that automotive finance, leasing and mobility businesses rely on to run operations smoothly and design new commercial models.

Significant Headcount Growth

About SOFICO

Simplify's Rating
Why SOFICO is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Enterprise Software

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Ghent, Belgium

Founded

1988

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Simplify's Take

What believers are saying

  • Miles Retail modules launched in 2024, expanding omnichannel sales and self-service demand.
  • Miles eDocs cut transaction friction, while SaaS volume pricing broadens adoption across fleets.
  • Revelio shows headcount at 557 in March 2026, signaling hiring and delivery momentum.

What critics are saying

  • Sofico depends on automotive leasing budgets; OEM and captive account concentration can freeze upgrades quickly.
  • Vinli integration risks product distraction, duplicated engineering, and slower enterprise deployments through 2026.
  • SAP Ariba, Icertis, and AutoFi pressure pricing; losing platform relevance becomes an existential threat.

What makes SOFICO unique

  • Sofico Miles has served global OEMs and captives for 35 years, with Vinli added.
  • Astorg bought 51% in November 2023, backing disciplined growth and international expansion.
  • Sofico bundles contract management, retail modules, eDocs, and connected-vehicle intelligence into one stack.

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Benefits

Health Insurance

Flexible Work Hours

Hybrid Work Options

Performance Bonus

Remote Work Options

Gym Membership

Wellness Program

Commuter Benefits

Employee Discounts

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

16%

1 year growth

16%

2 year growth

13%
Yahoo Finance
Jun 2nd, 2026
Sofico acquires Vinli to accelerate AI-powered automotive finance platform

Sofico, a provider of contract management software for automotive finance and leasing, has acquired Vinli, a US-based automotive AI company. The acquisition accelerates Sofico's agentic AI strategy and adds an intelligence layer to its Sofico Miles platform. Vinli brings two key capabilities: Velona, which uses aggregated operational data to identify priority actions for revenue acceleration and cost savings, and ERA, a connected vehicle data platform that transforms data into actionable intelligence. These will complement Sofico Miles, which has served as the operational backbone for global automotive finance companies for over 35 years. The combined platform aims to provide proactive insights across the contract lifecycle, turning untapped data from contracts, vehicles and operations into prioritised decisions with measurable financial outcomes.

Fleet Europe
Nov 21st, 2023
Sofico to boost growth in mobility following new investment from Astorg

Sofico is ambitious to discover opportunities in the automotive finance, leasing, fleet, and mobility industry, as the partnership with Astorg aims to sustain long-term growth, support the growth of the dedicated workforce and bring deep software expertise.

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