About Advance Partners
Advance Partners is a company based in Cleveland (United States) founded in 1998 was acquired by Paychex in December 2015.. The company has 100 employees as of December 31, 2014. Advance Partners offers products and services including Payroll Funding, Back Office Solutions, and Strategic Services. Advance Partners operates in a competitive market with competitors including Moniepoint, eCapital, White Oak Global Advisors, Benefit Street Partners and Golub Capital, among others.
- Headquarter Cleveland, United States
- Employees 100 as on 31 Dec, 2014
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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 Payroll Funding, Ltd.
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Products & Services of Advance Partners
Advance Partners offers a comprehensive portfolio of products and services, including Payroll Funding, Back Office Solutions, and Strategic Services. 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.
Provides working capital by buying invoices for staffing firms
Manages invoicing and payroll tax support for operations
Offers advice on mergers and DEI certification
Funding Insights of Advance Partners
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Advance Partners
Advance Partners has secured backing from 1 investor. Prominent investors backing the company include Paychex. 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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Cloud-based HRMS solutions are delivered for payroll and employee management.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Advance Partners
| 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 Partners
| 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 Partners Comparisons
Competitors of Advance Partners
Advance Partners 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 Moniepoint, eCapital, White Oak Global Advisors, Benefit Street Partners and Golub Capital, 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 |
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| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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Provider of asset-based, supply chain, and invoice financing solutions
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Offers customized capital and lending products to support business growth needs.
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Credit-focused alternative asset management firm
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Private debt investments are managed for U.S. middle market companies.
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| domain | founded_year | HQ Location |
Financial and wealth management services are provided worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Advance Partners
Frequently Asked Questions about Advance Partners
When was Advance Partners founded?
Advance Partners was founded in 1998.
Where is Advance Partners located?
Advance Partners is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
How many employees does Advance Partners have?
As of Dec 31, 2014, the latest employee count at Advance Partners is 100.
What does Advance Partners do?
Advance Partners was established in 1998 in Cleveland, United States, as a provider of working capital loans. Financial support is extended to companies requiring liquidity for operational needs. Services are centered on short-term funding solutions within the financial services sector. Operations are based in the United States, targeting businesses across various industries to facilitate cash flow management and growth initiatives.
Who are the top competitors of Advance Partners?
Advance Partners's top competitors include eCapital, Golub Capital and Clearinghouse CDFI.
What products or services does Advance Partners offer?
Advance Partners offers Payroll Funding, Back Office Solutions, and Strategic Services.
Who are Advance Partners's investors?
Advance Partners has 1 investor. Key investors include Paychex.