About Allegro Credit
Allegro Credit is a company based in San Bruno (United States) founded in 1870 was acquired by Synchrony in January 2021.. Allegro Credit offers products and services including Payment Estimator and Customer Contracts. Allegro Credit operates in a competitive market with competitors including Klarna, Afterpay, Zip, Sunbit and Snap Finance, among others.
- Headquarter San Bruno, United States
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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 Synchrony Bank
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Products & Services of Allegro Credit
Allegro Credit offers a comprehensive portfolio of products and services, including Payment Estimator and Customer Contracts. 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 estimating payments for merchants
Manages contracts and services for customers
Funding Insights of Allegro Credit
| 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 |
investors |
Investors in Allegro Credit
Allegro Credit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Synchrony. 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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Synchrony is engaged in providing credit cards and banking services.
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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 Allegro Credit
| 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 - Allegro Credit
| 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 |
Allegro Credit Comparisons
Competitors of Allegro Credit
Allegro Credit 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 Klarna, Afterpay, Zip, Sunbit and Snap Finance, 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 |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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| domain | founded_year | HQ Location |
Point-of-sale financing for travel bookings is offered by Uplift.
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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 Allegro Credit
Frequently Asked Questions about Allegro Credit
When was Allegro Credit founded?
Allegro Credit was founded in 1870.
Where is Allegro Credit located?
Allegro Credit is headquartered in San Bruno, United States. It is registered at San Bruno, California, United States.
What does Allegro Credit do?
Allegro Credit is a provider of financing services to consumers for making purchases at participating merchants. The merchant account takes up to 48 hours for setup. The customer can choose to apply through the web portal at the merchants location, or at home through the web apply link sent by the merchant. Decisions are made in minutes, and if the customer is approved, it is valid only for the merchants location. Allegro Credit claims to have provided financing to 200K customers as of July17.
Who are the top competitors of Allegro Credit?
What products or services does Allegro Credit offer?
Allegro Credit offers Payment Estimator and Customer Contracts.
Who are Allegro Credit's investors?
Allegro Credit has 1 investor. Key investors include Synchrony.
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