About Advance America
Advance America is a company based in Greenville (United States) founded in 1997 was acquired by Grupo Elektra in February 2012.. The company has 2,617 employees as of December 31, 2022. Advance America operates in a competitive market with competitors including SoFi, Moneylion, Avant, Upgrade and Earnest, among others.
- Headquarter Greenville, United States
- Employees 2617 as on 31 Dec, 2022
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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
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- Legal Name Advance America, Cash Advance Centers, Inc
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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
2617
as on Dec 31, 2022
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Acquired by
Grupo Elektra
(Feb 15, 2012)
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Funding Insights of Advance America
| 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 Advance America
Advance America has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Grupo Elektra. 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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Short-term loans and banking services are provided for commercial customers.
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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 Advance America
| 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 - Advance America
| 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 |
Advance America Comparisons
Competitors of Advance America
Advance America 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 SoFi, Moneylion, Avant, Upgrade and Earnest, 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 |
Various consumer loans and financial services are offered online.
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| domain | founded_year | HQ Location |
Instant consumer loans and mobile banking are offered online.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Student loan refinancing and personal loans are offered by Earnest.
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Advance America
Frequently Asked Questions about Advance America
When was Advance America founded?
Advance America was founded in 1997.
Where is Advance America located?
Advance America is headquartered in Greenville, United States.
How many employees does Advance America have?
As of Dec 31, 2022, the latest employee count at Advance America is 2,617.
What does Advance America do?
Advance America was founded in 1997 in Greenville, United States, and functions as an online platform within the consumer lending sector. A range of loan products is provided, including payday loans, installment loans, credit lines, personal loans, and title loans. Eligibility is evaluated based on income statements, credit scores, and specified loan terms. Repayments are processed via credit or debit cards and bank transfers, supporting operations across the United States.
Who are the top competitors of Advance America?
Who are Advance America's investors?
Advance America has 1 investor. Key investors include Grupo Elektra.