About Ally
Ally is a company based in Detroit (United States) founded in 1919. It operates as a Subscription Services, Brokerage / Intermediation, and FinTech. Ally has raised $1.3 billion across 3 funding rounds from investors including GMAC. The company has 10,700 employees as of December 31, 2024. Ally has completed 7 acquisitions, including Ally Invest, CardWorks and Health Credit Services. Ally offers products and services including Ally Bank Spending Account, Ally Invest Self-Directed Trading, Ally Auto Financing, and Ally Home Loans. Ally operates in a competitive market with competitors including Lead Bank, R Bank, SimplyBank, Xodus and Bank Of Commerce, among others.
- Headquarter Detroit, United States
- Employees 10700 as on 31 Dec, 2024
- Stage Public
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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 Ally Financial Inc.
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Annual Revenue
$16.35 B3.09as on Dec 31, 2024
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Net Profit
$668 M-30.2as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$1.3 B (USD)
in 3 rounds
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Latest Funding Round
$1.3 B (USD), Private Equity Round
Nov 20, 2013
- Investors
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Employee Count
10700
as on Dec 31, 2024
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Investments & Acquisitions
Ally Invest
& 6 more
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IPO & Listings of Ally
Ally is a publicly listed company on the NYSE with ticker symbol ALLY in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ally
Ally offers a comprehensive portfolio of products and services, including Ally Bank Spending Account, Ally Invest Self-Directed Trading, Ally Auto Financing, and Ally Home Loans. 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.
Checking account with early payment and no fees.
Platform for self-managed trading with research tools.
Financing solutions provided for vehicle purchase needs.
Mortgage services offered for home purchase financing.
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Funding Insights of Ally
Ally has successfully raised a total of $1.3B across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $1.3 billion completed in November 2013. 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 3
- Last Round Private Equity Round — $1.3B
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First Round
First Round
(10 Mar 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Private Equity Round - Ally | Valuation |
investors |
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| Aug, 2013 | Amount | Private Equity Round - Ally | Valuation |
investors |
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| Mar, 2010 | Amount | Debt – Conventional - Ally | Valuation |
investors |
| 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 Ally
Ally has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GMAC. 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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Graduate management education services including assessments, research, and recruitment support.
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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 Ally
Ally has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Ally Invest, CardWorks and Health Credit Services. 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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Credit card solutions
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2016 | ||||
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Platform that offers patient financing options
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2015 | ||||
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Platform for traders to view and share market insights in real time
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2011 |
| 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 - Ally
| 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 |
Ally Comparisons
Competitors of Ally
Ally 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 Lead Bank, R Bank, SimplyBank, Xodus and Bank Of Commerce, 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 |
Fintech-focused banking and BaaS platform are provided nationwide.
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| domain | founded_year | HQ Location |
Digital native bank
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| domain | founded_year | HQ Location |
Online banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Tech-driven lending solutions are offered by a digital banking platform.
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| domain | founded_year | HQ Location |
Digital banking services are offered through an online platform.
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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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Latest news on Ally
Frequently Asked Questions about Ally
When was Ally founded?
Ally was founded in 1919 and raised its 1st funding round 91 years after it was founded.
Where is Ally located?
Ally is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Who is the current CEO of Ally?
Jeffrey J Brown is the current CEO of Ally.
Is Ally a funded company?
Ally is a funded company, having raised a total of $1.3B across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.5B, raised on Mar 10, 2010.
How many employees does Ally have?
As of Dec 31, 2024, the latest employee count at Ally is 10,700.
What is the annual revenue of Ally?
Annual revenue of Ally is $16.35B as on Dec 31, 2024.
What does Ally do?
Ally Financial Inc. is recognized as a leading digital financial services provider. Banking solutions are offered through Ally Bank, including deposit products like checking and savings accounts with no overdraft fees. Investment services are provided via Ally Invest, encompassing self-directed trading and robo-advisory portfolios. Auto financing and home loans are also facilitated for customers. The company operates primarily in the financial sector, focusing on innovative digital platforms to enhance user experience. Additional services include life insurance partnerships and credit card offerings through affiliates. Operations are centered in the United States, targeting both individual and corporate clients.
Who are the top competitors of Ally?
Ally's top competitors include Lead Bank, R Bank and SimplyBank.
What products or services does Ally offer?
Ally offers Ally Bank Spending Account, Ally Invest Self-Directed Trading, Ally Auto Financing, and Ally Home Loans.
Is Ally publicly traded?
Yes, Ally is publicly traded on NYSE under the ticker symbol ALLY.
How many acquisitions has Ally made?
Ally has made 7 acquisitions, including Ally Invest, CardWorks, and Health Credit Services.
Who are Ally's investors?
Ally has 1 investor. Key investors include GMAC.
What is Ally's ticker symbol?
The ticker symbol of Ally is ALLY on NYSE.
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