Loot
A banking and money management app for students.
Description
Loot Financial Services offered a one of a kind service. It combined a pre-paid Visa debit card and a budgeting app and allowed users to be on top of their finances.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2014
Operational Duration
5 years
Shutdown Date
2019
Last Financing Round
Series B
Total Raised
USD 11.28M
Last Financing Date
7 Jan 2019
No. of Funding Round(s)
5
No. of Investor(s)
2
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Development
Transactional Model Type
B2C
Defensibility Moats
Procedural knowledge,
City
London
State/Province
England
Country
United Kingdom
Industry
Financial Services
Categories
FinTech, Payments, Finance, Personal Finance, Apps,
- Failed Fundraising
- In April 2019, Loot turned to the crowd to try and stay afloat with the preview of a crowdfunding campaign via Seedrs.
- The round never went ahead, however, as the startup was reportedly unable to secure the support of a lead investor.
Unable to secure the funds needed to pursue their growth plans.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Smartly | 24.8% | A robo-advisor that provided a digital wealth management platform to retail investors. | Financial Services | Automation, Investment Advisory, Finance, FinTech | Singapore | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
2. |  | LoanMeet | 23.2% | A Peer To Peer P2P lending marketplace. | Financial Services | P2P, Personal Finance, Finance | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
3. |  | HSBC Brunei | 17.5% | A subsidiary of the global banking corporation HSBC Group. | Financial Services | Banking, Finance, Commercial, Credit Card Related | Brunei Darussalam | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 1947 | - | - | - |
4. |  | Wesabe | 16.6% | Personal finance management website designed to help users manage their daily finance. | Financial Services | Finance, Personal Finance, FinTech | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2005 | - | - | - |
5. |  | BitPass | 13.6% | An online payment system for digital content and services. | Financial Services | Bitcoin, Payments, Internet | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2002 | - | - | - |
6. |  | Aditya Birla Payments Bank Limited (ABPB) | 10.9% | A payments bank. | Financial Services | Banking, Finance, Payments | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2016 | - | - | - |
7. |  | vcash eWallet | 10.5% | A secure and smart way to carry electronic money on your smartphone. | Financial Services | Mobile Applications, Financial, Payments | Malaysia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
8. |  | Wonga | 10.3% | An online payday lender that offered short-term personal cash loans to UK consumers. | Financial Services | Finance, Financial Services, FinTech, Risk Management | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 501-1000 | - | - | Inactive | - | - | 2006 | - | - | - |
9. |  | 37Coins | 8.6% | A startup that provided SMS bitcoin wallet service for unbanked and unteched in developing economies without internet access. | Financial Services | Banking, Bitcoin, Finance | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - |
10. |  | Fo-Sho | 8.1% | Peer-to-peer insurtech. | Financial Services | FinTech, Technology, Startup, P2P | South Africa | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
11. |  | Pay By Touch | 7.9% | Pay By Touch enabled consumers to pay for goods and services with a swipe of their finger on a biometric sensor. | Financial Services | Biometrics, Payments, Sensor | United States | - | - | - | - | - | Late Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 500-1000 | - | - | Inactive | - | - | 2002 | - | - | - |
12. |  | Comunitae | 6.6% | The pioneer platform to offer individuals a new way to save more profitably than traditional financial products. | Financial Services | P2P, FinTech, Finance | Spain | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2008 | - | - | - |
13. |  | Puddle | 6.5% | An online lender that provided micro-credit in a peer-to-peer platform. | Financial Services | Social Media, Finance, Internet | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2012 | - | - | - |
14. |  | Finomena | 4.5% | A FinTech startup providing young working professionals access to credit to buy gadgets and electronics. | Financial Services | Finance, Professional Services, FinTech | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Bó | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2. |  | Speedinvest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Filip Jakubowski-Drzewiecki | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2. |  | Ollie Purdue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 7 Jan 2019 | Series B | GBP 2M | - | - | - | 1 | - | - | - | Completed | ||
2. | 15 Dec 2017 | Series A | GBP 2.2M | - | - | - | 3 | - | - | - | Completed | ||
3. | 7 Nov 2016 | Venture Round | GBP 2.5M | - | - | - | 3 | - | - | - | Completed | ||
4. | 20 Jun 2016 | Venture Round | GBP 1.5M | - | - | - | 3 | - | - | - | Completed | ||
5. | 1 Jan 2015 | Seed Round | - | - | - | - | - | - | 1 | - | - | - | - |
