About Balance Financial
Balance Financial is a company based in Bellevue (United States) founded in 2004 was acquired by TaxAct in October 2013.. Balance Financial has raised $3.51 million across 3 funding rounds from investors including TaxAct, Alliance of Angels and Camp One Ventures. The company has 22 employees as of December 31, 2016. Balance Financial operates in a competitive market with competitors including Botkeeper, CreditBook, Konsolidator, Outright and Orbia, among others.
- Headquarter Bellevue, United States
- Employees 22 as on 31 Dec, 2016
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Balance Financial
Balance Financial has successfully raised a total of $3.51M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $1.5 million completed in July 2012. 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 Unspecified — $1.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2012 | Amount | Unspecified - Balance Financial | Valuation |
investors |
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| Apr, 2012 | Amount | Series A - Balance Financial | Valuation | Alliance of Angels |
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| Sep, 2011 | Amount | Series A - Balance Financial | 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 Balance Financial
Balance Financial has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TaxAct, Alliance of Angels and Camp One Ventures. 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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Founded Year | Domain | Location | |
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Early-stage consumer, financial, SaaS, and blockchain companies are invested in.
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Founded Year | Domain | Location | |
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Tax filing software is offered for individuals and businesses.
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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 Balance Financial
| 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 - Balance Financial
| 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 |
Balance Financial Comparisons
Competitors of Balance Financial
Balance Financial 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 Botkeeper, CreditBook, Konsolidator, Outright and Orbia, 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 |
AI-based bookkeeping software is provided for businesses and accounting firms.
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| domain | founded_year | HQ Location |
App-based bookkeeping platform is provided for small enterprises.
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| domain | founded_year | HQ Location |
Cloud-based financial consolidation and reporting software is offered for businesses.
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| domain | founded_year | HQ Location |
Online bookkeeping solutions are delivered for small businesses and entrepreneurs.
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| domain | founded_year | HQ Location |
Orbia is focused on advancing life through innovative solutions globally.
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| domain | founded_year | HQ Location |
Accounting software for restaurants is developed in stealth mode.
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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 Balance Financial
When was Balance Financial founded?
Balance Financial was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Where is Balance Financial located?
Balance Financial is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is Balance Financial a funded company?
Balance Financial is a funded company, having raised a total of $3.51M across 3 funding rounds to date.
How many employees does Balance Financial have?
As of Dec 31, 2016, the latest employee count at Balance Financial is 22.
What does Balance Financial do?
Balance Financial was established in 2004 in Bellevue, United States, within the financial services sector. Tools for personal and business finance management are delivered, encompassing bookkeeping, document handling, banking integration, and expense tracking. Operations are supported through a web-based platform and mobile application. Acquisition by TaxAct occurred in October 2014.
Who are the top competitors of Balance Financial?
Balance Financial's top competitors include Botkeeper, Orbia and CreditBook.
Who are Balance Financial's investors?
Balance Financial has 3 investors. Key investors include TaxAct, Alliance of Angels, and Camp One Ventures.