About AMP
AMP is a company based in Sydney (Australia) founded in 1849 was acquired by Ares Management in March 2021. It operates as a Subscription Services, and Commission-Based. AMP has raised $900 thousand across 3 funding rounds from investors including Ares Management and Affinity Equity Partners. AMP has completed 1 acquisition, including MoneyBrilliant. AMP offers products and services including Personal Banking, Business Banking, Home Loans, AMP Super, and Investments. AMP operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Sydney, Australia
- 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
*********
- Legal Name Amp Limited
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Annual Revenue
$1.66 B (USD)3.96as on Dec 31, 2024
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Net Profit
$115.21 M (USD)933.33as on Dec 31, 2024
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EBITDA
$87.34 M (USD)2450as on Dec 31, 2024
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Total Equity Funding
$900 K (USD)
in 3 rounds
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Latest Funding Round
$438.18 M (USD), Post-IPO
Aug 01, 2019
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Investors
Ares Management
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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IPO & Listings of AMP
AMP is a publicly listed company on the ASX with ticker symbol AMP in Australia, 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 AMP
AMP offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Home Loans, AMP Super, and Investments. 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.
Personal banking services are provided for everyday financial needs.
Business banking solutions are offered for small business needs.
Home loans are facilitated for purchasing or refinancing properties.
Superannuation services are managed for retirement savings growth.
Investment solutions are provided for wealth management purposes.
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Software Development Team
53 people
Senior Team
35 people
Sales and Marketing
27 people
Product Management Team
26 people
Finance and Accounting
22 people
Head Team
17 people
Leadership Team
14 people
Data Analysis and Operations Team
13 people
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Funding Insights of AMP
AMP has successfully raised a total of $900K across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $438.18 million completed in August 2019. 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 Post-IPO — $438.2M
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First Round
First Round
(12 Mar 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Post-IPO - AMP | Valuation |
investors |
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| Mar, 2015 | Amount | Debt – Conventional - AMP | Valuation |
investors |
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| Mar, 2012 | Amount | Unspecified - AMP | 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 AMP
AMP has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ares Management and Affinity Equity 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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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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A leader in Asian private equity investments since 1998.
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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 AMP
AMP has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MoneyBrilliant. 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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Financial wellbeing is supported via account aggregation and spending insights.
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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 - AMP
| 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 |
Amp Comparisons
Competitors of AMP
AMP 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 Truist, Investec, Equity Bank, Citi and KeyBank, 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 |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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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 Amp
Frequently Asked Questions about AMP
When was AMP founded?
AMP was founded in 1849 and raised its 1st funding round 163 years after it was founded.
Where is AMP located?
AMP is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is AMP a funded company?
AMP is a funded company, having raised a total of $900K across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $900K, raised on Mar 12, 2012.
What is the annual revenue of AMP?
Annual revenue of AMP is $1.66B as on Dec 31, 2024.
What does AMP do?
AMP is established as a leading financial services provider in Australia, offering a wide range of solutions including personal and business banking, home loans, superannuation, and investment management. Services are tailored to support individuals and businesses in achieving financial security and growth. The company operates across multiple sectors, focusing on retail banking and retirement planning. Digital tools and mobile applications are integrated to enhance customer experience and accessibility. AMP is committed to helping Australians realize their financial potential through customized financial products and advisory services.
What products or services does AMP offer?
AMP offers Personal Banking, Business Banking, Home Loans, AMP Super, and Investments.
Is AMP publicly traded?
Yes, AMP is publicly traded on ASX under the ticker symbol AMP.
How many acquisitions has AMP made?
AMP has made 1 acquisition, including MoneyBrilliant.
Who are AMP's investors?
AMP has 2 investors. Key investors include Ares Management, and Affinity Equity Partners.
What is AMP's ticker symbol?
The ticker symbol of AMP is AMP on ASX.
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