About Accord Financial
Accord Financial is a company based in Toronto (Canada) founded in 1978.. The company has 102 employees as of December 31, 2024. Accord Financial offers products and services including Asset-Based Lending, Accounts Receivable Financing, Factoring, Retail Inventory Financing, and Small Business Loans. Accord Financial operates in a competitive market with competitors including GE Capital, Levr, Fairstone, Export Development Canada and MCAP, among others.
- Headquarter Toronto, Canada
- Employees 102 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Accord Financial Corp.
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Annual Revenue
$57.73 M (USD)4.2as on Dec 31, 2024
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Net Profit
$-2.18 M (USD)78.54as on Dec 31, 2024
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EBITDA
$34.58 M (USD)10.19as on Dec 31, 2024
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Latest Funding Round
$5 M (USD), Post-IPO
Sep 17, 2019
- Investors
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Employee Count
102
as on Dec 31, 2024
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IPO & Listings of Accord Financial
Accord Financial is a publicly listed company on the TSX with ticker symbol ACD in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Accord Financial
Accord Financial offers a comprehensive portfolio of products and services, including Asset-Based Lending, Accounts Receivable Financing, Factoring, Retail Inventory Financing, and Small Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Supports transactions and manages business cash flow needs
Offers alternative to bank financing for working capital
Boosts working capital through invoice purchasing
Provides funding for inventory management in retail
Covers costs for various small business needs and growth
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Funding Insights of Accord Financial
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $5.0M
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First Round
First Round
(31 Jul 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Post-IPO - Accord Financial | Valuation |
investors |
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| Jul, 2018 | Amount | Debt – Conventional - Accord Financial | Valuation |
investors |
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| 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 Accord Financial
Accord Financial has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Concentra. 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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Concentra Bank is operated as a financial services provider in Canada.
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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 Accord Financial
| 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 - Accord Financial
| 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 |
Accord Financial Comparisons
Competitors of Accord Financial
Accord Financial 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 GE Capital, Levr, Fairstone, Export Development Canada and MCAP, 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 |
Commercial aircraft and equipment leasing and lending services are provided.
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| domain | founded_year | HQ Location |
Online AI-enabled marketplace offering diversified business loans
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| domain | founded_year | HQ Location |
Diversified lending services are offered by Fairstone as an NBFI.
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| domain | founded_year | HQ Location |
SME loans are provided to support business exports.
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| domain | founded_year | HQ Location |
Residential and commercial mortgage services are provided across Canada.
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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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Latest news on Accord Financial
Frequently Asked Questions about Accord Financial
When was Accord Financial founded?
Accord Financial was founded in 1978 and raised its 1st funding round 40 years after it was founded.
Where is Accord Financial located?
Accord Financial is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does Accord Financial have?
As of Dec 31, 2024, the latest employee count at Accord Financial is 102.
What is the annual revenue of Accord Financial?
Annual revenue of Accord Financial is $57.73M as on Dec 31, 2024.
What does Accord Financial do?
Accord Financial was founded in 1978 and is headquartered in Toronto, Canada. Operations are centered in the financial services sector, where working capital financing and asset-based loans are extended to companies seeking liquidity. Services include tailored lending solutions based on accounts receivable, inventory, and equipment, supporting various industries. The company maintains a focus on North American markets through its online presence at accordfinancial.com.
Who are the top competitors of Accord Financial?
Accord Financial's top competitors include GE Capital, Fairstone and MCAP.
What products or services does Accord Financial offer?
Accord Financial offers Asset-Based Lending, Accounts Receivable Financing, Factoring, Retail Inventory Financing, and Small Business Loans.
Is Accord Financial publicly traded?
Yes, Accord Financial is publicly traded on TSX under the ticker symbol ACD.
Who are Accord Financial's investors?
Accord Financial has 1 investor. Key investors include Concentra.
What is Accord Financial's ticker symbol?
The ticker symbol of Accord Financial is ACD on TSX.