About Addition Wealth
Addition Wealth is a company based in New York (United States) founded in 2021.. Addition Wealth has raised $4.2 million across 2 funding rounds from investors including Anthemis Group, Nyca Partners and Core Innovation Capital. Addition Wealth offers products and services including Digital Tools, Offers Tool, and Debt Pay-Down Tool. Addition Wealth operates in a competitive market with competitors including LearnLux, Alice, Your Money Line, Ayco and Northstar, among others.
- Headquarter New York, United States
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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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Total Equity Funding
$4.2 M (USD)
in 2 rounds
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Latest Funding Round
$4.2 M (USD), Series A
Feb 09, 2022
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Investors
Anthemis Group
& 4 more
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Employee Count
Employee Count
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Products & Services of Addition Wealth
Addition Wealth offers a comprehensive portfolio of products and services, including Digital Tools, Offers Tool, and Debt Pay-Down Tool. 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.
Enables financial scenario planning and advisor access for users
Helps evaluate equity grants and compensation options
Assists in analyzing debt repayment strategies quickly
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Funding Insights of Addition Wealth
Addition Wealth has successfully raised a total of $4.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.2 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.2M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Addition Wealth | Valuation | Nyca Partners , Core Innovation Capital | |
| Jun, 2021 | Amount | Seed - Addition Wealth | Valuation | Alex and Bart's Angel Fund |
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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 Addition Wealth
Addition Wealth has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Anthemis Group, Nyca Partners and Core Innovation Capital. 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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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital investments in fintech and technology for wealth and health.
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Founded Year | Domain | Location | |
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Early-stage financial services startups are invested in and incubated.
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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 Addition Wealth
| 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 - Addition Wealth
| 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 |
Addition Wealth Comparisons
Competitors of Addition Wealth
Addition Wealth 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 LearnLux, Alice, Your Money Line, Ayco and Northstar, 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 |
Personal finance skills are taught via online interactive tools.
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| domain | founded_year | HQ Location |
Employee benefit management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Personal finance advice is provided to employees through employer services.
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| domain | founded_year | HQ Location |
Financial planning and wealth management services are provided by Ayco.
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| domain | founded_year | HQ Location |
Financial wellness and management tools are provided to employees.
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| domain | founded_year | HQ Location |
Financial service solutions are provided to enterprises using AI technology.
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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 Addition Wealth
When was Addition Wealth founded?
Addition Wealth was founded in 2021.
Where is Addition Wealth located?
Addition Wealth is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Addition Wealth a funded company?
Addition Wealth is a funded company, having raised a total of $4.2M across 2 funding rounds to date.
What does Addition Wealth do?
Addition Wealth was founded in 2021 and is headquartered in New York, United States. An online platform is operated in the financial services sector to support employee financial wellness. Customized tools, educational guides, interactive dashboards, and one-on-one sessions with financial professionals are provided to users, enabling access to personalized financial guidance and resources.
Who are the top competitors of Addition Wealth?
What products or services does Addition Wealth offer?
Addition Wealth offers Digital Tools, Offers Tool, and Debt Pay-Down Tool.
Who are Addition Wealth's investors?
Addition Wealth has 5 investors. Key investors include Anthemis Group, Nyca Partners, Core Innovation Capital, Financial Venture Studio, and Alex and Bart's Angel Fund.
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