About 22seven
22seven is a company based in Cape Town (South Africa) founded in 2010 was acquired by Old Mutual in January 2013.. 22seven operates in a competitive market with competitors including Horizonbudget, Softurion, Budgetos, Level and Zaka Manager, among others.
- Headquarter Cape Town, South Africa
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Old Mutual
(Jan 31, 2013)
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Funding Insights of 22seven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 22seven
22seven has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Old Mutual. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified financial services are offered across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 22seven
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 22seven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
22Seven Comparisons
Competitors of 22seven
22seven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Horizonbudget, Softurion, Budgetos, Level and Zaka Manager, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers a cloud-based platform for effective budget management.
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| domain | founded_year | HQ Location |
Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad.
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| domain | founded_year | HQ Location |
A cloud-based platform for efficient expense management and tracking.
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| domain | founded_year | HQ Location |
Financial management platform for employers is provided by Level.
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| domain | founded_year | HQ Location |
An AI-powered platform for efficient expense tracking and budgeting.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 22seven
When was 22seven founded?
22seven was founded in 2010.
Where is 22seven located?
22seven is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
What does 22seven do?
Founded in 2010 in Cape Town, South Africa, 22seven operates in the fintech sector as a personal finance management tool. Bank accounts are linked to provide expense details and facilitate budgeting. Investments in international funds are supported at a 0.68 fee. The service was acquired by Old Mutual, transitioning from a R70 monthly subscription to free access.
Who are the top competitors of 22seven?
22seven's top competitors include Level, Horizonbudget and Softurion.
Who are 22seven's investors?
22seven has 1 investor. Key investors include Old Mutual.