About AdvicePay
AdvicePay is a company based in Bozeman (United States) founded in 2016 by Michael Kitces and Alan Moore.. AdvicePay has raised $4.07 million across 5 funding rounds from investors including Goodworks Ventures and Front Street Capital Management. The company has 21 employees as of December 31, 2022. AdvicePay has completed 1 acquisition, including AdvisorBOB. AdvicePay offers products and services including Invoicing System, Payments Processing, eSignature Feature, and Engagement Workflows.
- Headquarter Bozeman, United States
- Employees 21 as on 31 Dec, 2022
- Founders Michael Kitces, Alan Moore
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Sectors
Financial Services
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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
$4.07 M (USD)
in 5 rounds
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Latest Funding Round
$1.07 M (USD), Seed
Oct 13, 2020
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Investors
Goodworks Ventures
& 1 more
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Employee Count
21
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of AdvicePay
AdvicePay offers a comprehensive portfolio of products and services, including Invoicing System, Payments Processing, eSignature Feature, and Engagement Workflows. 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.
Tool for creating and managing invoices for financial services.
Handles ACH and credit card payments for advisory fees.
Enables electronic signing of documents with invoices.
Automates tasks like recurring billing and plan tracking.
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Funding Insights of AdvicePay
AdvicePay has successfully raised a total of $4.07M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.07 million completed in October 2020. 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 5
- Last Round Seed — $1.1M
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First Round
First Round
(23 Oct 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Seed - AdvicePay | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - AdvicePay | Valuation |
investors |
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| Jan, 2019 | Amount | Seed - AdvicePay | 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 AdvicePay
AdvicePay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Goodworks Ventures and Front Street Capital Management. 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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Goodworks Ventures is focused on impact investing in Montana.
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Founded Year | Domain | Location | |
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Front Street Capital Management is engaged in long-term investment advisory.
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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 AdvicePay
AdvicePay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AdvisorBOB. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Compensation software for financial advisors is developed and provided.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AdvicePay
| 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 |
Advicepay Comparisons
Competitors of AdvicePay
| 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 Advicepay
Frequently Asked Questions about AdvicePay
When was AdvicePay founded?
AdvicePay was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is AdvicePay located?
AdvicePay is headquartered in Bozeman, United States. It is registered at Bozeman, Montana, United States.
Who is the current CEO of AdvicePay?
Alan Moore is the current CEO of AdvicePay. They have also founded this company.
Is AdvicePay a funded company?
AdvicePay is a funded company, having raised a total of $4.07M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Oct 23, 2017.
How many employees does AdvicePay have?
As of Dec 31, 2022, the latest employee count at AdvicePay is 21.
What does AdvicePay do?
AdvicePay was established in 2016 in Bozeman, United States, within the fintech sector focused on financial advisory services. A payment gateway is provided for accepting credit, debit, and ACH transactions, alongside subscription billing, reporting tools, payment processing, and client dashboards. Compliant software is utilized to restrict advisor access to client billing details. Operations include fee calculations and secure processing, with revenue derived from monthly subscriptions and per-transaction charges.
What products or services does AdvicePay offer?
AdvicePay offers Invoicing System, Payments Processing, eSignature Feature, and Engagement Workflows.
How many acquisitions has AdvicePay made?
AdvicePay has made 1 acquisition, including AdvisorBOB.
Who are AdvicePay's investors?
AdvicePay has 2 investors. Key investors include Goodworks Ventures, and Front Street Capital Management.