About Accruit
Accruit is a company based in Denver (United States) founded in 2000 was acquired by Millennium Trust Company in April 2023.. Accruit offers products and services including 1031 Exchange Services and 1031 Exchange Software. Accruit operates in a competitive market with competitors including ZSuite Technologies, Escrow.com, Earnnest, Reserve Trust and Tripartie, among others.
- Headquarter Denver, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Accruit Holdings Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Millennium Trust Company
& 1 more
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Employee Count
Employee Count
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Acquired by
Millennium Trust Company
(Apr 19, 2023)
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Products & Services of Accruit
Accruit offers a comprehensive portfolio of products and services, including 1031 Exchange Services and 1031 Exchange Software. 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.
Facilitates tax-deferred real estate exchanges for investors and institutions.
Manages 1031 exchange workflows to standardize processes and increase efficiency.
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Funding Insights of Accruit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2008 | Amount | Series A - Accruit | Valuation |
investors |
| 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 Accruit
Accruit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Millennium Trust Company and IA Capital Group. 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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Venture capital firm focused on tech startups
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Founded Year | Domain | Location | |
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Custodial services for listed securities are provided by the firm.
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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 Accruit
| 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 - Accruit
| 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 |
Accruit Comparisons
Competitors of Accruit
Accruit 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 ZSuite Technologies, Escrow.com, Earnnest, Reserve Trust and Tripartie, 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 |
SaaS tools for automating rental payments and deposits are provided.
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| domain | founded_year | HQ Location |
Licensed escrow services are provided for secure online transactions.
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| domain | founded_year | HQ Location |
P2P money transfers are facilitated through an escrow platform.
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| domain | founded_year | HQ Location |
Provides escrow payment solutions for secure transactions.
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| domain | founded_year | HQ Location |
Escrow payment solutions are provided for businesses and marketplaces.
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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 Accruit
Frequently Asked Questions about Accruit
When was Accruit founded?
Accruit was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Accruit located?
Accruit is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
What does Accruit do?
Accruit was founded in 2000 and is based in Denver, United States. Real estate escrow and tax-deferred exchange services are offered, including custom escrow arrangements, software escrow through a digital vault, online escrow via a secure payment platform, and like-kind exchanges for 1031 compliance. Back-office operations such as administration, tracking, reporting, and fund management are supported for exchange intermediaries.
Who are the top competitors of Accruit?
Accruit's top competitors include ZSuite Technologies, Escrow.com and Earnnest.
What products or services does Accruit offer?
Accruit offers 1031 Exchange Services and 1031 Exchange Software.
Who are Accruit's investors?
Accruit has 2 investors. Key investors include Millennium Trust Company, and IA Capital Group.
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