About Altro
Altro is a company based in Los Angeles (United States) founded in 2019 by Ayush Jain and Michael Broughton. It operates as a FinTech. Altro has raised $24.65 million across 5 funding rounds from investors including Citi, Pendulum Holdings and Marcy Venture Partners. Altro offers products and services including Altro Credit Product. Altro operates in a competitive market with competitors including Credit Sesame, Dovly, Bloom Credit, Pave and Bonify, among others.
- Headquarter Los Angeles, United States
- Founders Ayush Jain, Michael Broughton
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.65 M (USD)
in 5 rounds
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Latest Funding Round
$4 M (USD), Series A
Mar 07, 2024
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Investors
Citi
& 10 more
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Employee Count
Employee Count
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Products & Services of Altro
Altro offers a comprehensive portfolio of products and services, including Altro Credit Product. 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.
Credit building through subscriptions and rent is enabled.
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Funding Insights of Altro
Altro has successfully raised a total of $24.65M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in March 2024. 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 Series A — $4.0M
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First Round
First Round
(24 Aug 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Altro | Valuation |
investors |
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| May, 2022 | Amount | Series A - Altro | Valuation | Pendulum | |
| Jan, 2021 | Amount | Seed - Altro | Valuation | Citi Ventures |
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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 Altro
Altro has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, Pendulum Holdings and Marcy Venture Partners. 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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Venture capital firm investing in consumer businesses
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Founded Year | Domain | Location | |
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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location | |
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Black Capital is focused on early-stage investments for underrepresented founders.
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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 Altro
| 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 - Altro
| 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 |
Altro Comparisons
Competitors of Altro
Altro 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 Credit Sesame, Dovly, Bloom Credit, Pave and Bonify, 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 |
Personal finance management and price comparison of financial products
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| domain | founded_year | HQ Location |
Credit reports are pulled automatically, disputes sent, and changes monitored.
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| domain | founded_year | HQ Location |
Tools for credit repair and score management are provided.
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| domain | founded_year | HQ Location |
Pave is focused on helping users build credit scores.
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| domain | founded_year | HQ Location |
Provider of a credit reporting and improvement 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 Altro
Frequently Asked Questions about Altro
When was Altro founded?
Altro was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Altro located?
Altro is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Altro a funded company?
Altro is a funded company, having raised a total of $24.65M across 5 funding rounds to date.
What does Altro do?
Altro is engaged in providing credit-building solutions by allowing users to report subscriptions and rent payments. The company operates in the financial services sector, targeting individuals seeking to improve their credit scores. Its nationally recognized tri-bureau credit product has been developed to support financial empowerment across the United States.
Who are the top competitors of Altro?
Altro's top competitors include Credit Sesame, Bloom Credit and Bonify.
What products or services does Altro offer?
Altro offers Altro Credit Product.
Who are Altro's investors?
Altro has 11 investors. Key investors include Citi, Pendulum Holdings, Marcy Venture Partners, Citi Ventures, and Black Capital.