About AuctionCredit
AuctionCredit is a company based in Dallas (United States) founded in 2006 was acquired by XLerate Group in January 2022.. AuctionCredit has raised $7.5 million across 3 funding rounds from investors including XLerate Group. AuctionCredit operates in a competitive market with competitors including ScaleCapital, among others.
- Headquarter Dallas, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.5 M (USD)
in 3 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
XLerate Group
(Jan 05, 2022)
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Funding Insights of AuctionCredit
AuctionCredit has successfully raised a total of $7.5M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(22 May 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Debt – Conventional - AuctionCredit | Valuation |
investors |
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| Apr, 2015 | Amount | Series A - AuctionCredit | Valuation |
investors |
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| May, 2012 | Amount | Debt – Conventional - AuctionCredit | 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 AuctionCredit
AuctionCredit has secured backing from 1 investor. Prominent investors backing the company include XLerate Group. 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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Automotive auctions and remarketing facilities are provided nationwide.
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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 AuctionCredit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - AuctionCredit
| 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 |
Auctioncredit Comparisons
Competitors of AuctionCredit
AuctionCredit 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 ScaleCapital, 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 |
Offers inventory financing, title loans, payday loans, and small business loans to clients.
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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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Frequently Asked Questions about AuctionCredit
When was AuctionCredit founded?
AuctionCredit was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is AuctionCredit located?
AuctionCredit is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Is AuctionCredit a funded company?
AuctionCredit is a funded company, having raised a total of $7.5M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.8M, raised on May 22, 2012.
What does AuctionCredit do?
AuctionCredit was established in 2006 in Dallas, United States, within the financial services sector. Term loans are provided to small and medium-sized enterprises to support their operational needs. Operations are centered on facilitating access to capital through structured financing options. The company maintains its headquarters in Dallas, with services targeted at businesses across the United States. Focus remains on straightforward lending practices for SMEs.
Who are the top competitors of AuctionCredit?
AuctionCredit's top competitors include ScaleCapital.
Who are AuctionCredit's investors?
AuctionCredit has 1 investor. Key investors include XLerate Group.