About Array
Array is a company based in New York (United States) founded in 2020 by Phillip Zedalis and Martin Toha. It operates as a FinTech. The company has 64 employees as of December 31, 2022. Array has completed 2 acquisitions, including MoneyKit and Payitoff. Array offers products and services including Embedded Finance Products. Array operates in a competitive market with competitors including Bloom Credit, Noble, Okredo, Trebol and Prestatech, among others.
- Headquarter New York, United States
- Employees 64 as on 31 Dec, 2022
- Founders Phillip Zedalis, Martin Toha
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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 Array Inc
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Products & Services of Array
Array offers a comprehensive portfolio of products and services, including Embedded Finance Products. 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.
Embedded finance solutions are provided for various businesses.
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Funding Insights of Array
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Seed - Array | Valuation | FIS |
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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 Array
Array has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FIS. 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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Software suites for banks and financial institutions are provided.
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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 Array
Array has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MoneyKit and Payitoff. 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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Personal finance data management platform
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2022 | ||||
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API-enabled solutions for student loan repayment are offered to lenders.
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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 - Array
| 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 |
Array Comparisons
Competitors of Array
Array 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 Bloom Credit, Noble, Okredo, Trebol and Prestatech, 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 |
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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 |
Credit data from multiple sources is aggregated via API-based solutions.
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| domain | founded_year | HQ Location |
Developer of an open banking API for businesses
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| domain | founded_year | HQ Location |
Open banking API for credit data aggregation automation.
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| domain | founded_year | HQ Location |
Banking software suite
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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 Array
Frequently Asked Questions about Array
When was Array founded?
Array was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Array located?
Array is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Array?
Phillip Zedalis is the current CEO of Array. They have also founded this company.
How many employees does Array have?
As of Dec 31, 2022, the latest employee count at Array is 64.
What does Array do?
Array is established as a platform specializing in embedded finance products. Solutions are offered to integrate financial services into various business models. The focus is placed on technology-driven financial innovations. Sectors such as e-commerce and digital services are primarily targeted. Comprehensive tools are provided to enhance user financial experiences. Partnerships with businesses are facilitated to embed seamless finance options.
Who are the top competitors of Array?
Array's top competitors include Bloom Credit, Noble and Okredo.
What products or services does Array offer?
Array offers Embedded Finance Products.
How many acquisitions has Array made?
Who are Array's investors?
Array has 1 investor. Key investors include FIS.
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