About Bankrate
Bankrate is a company based in North Palm Beach (United States) founded in 1976 was acquired by Red Ventures in July 2017.. Bankrate has completed 15 acquisitions, including Bankaholic.com, Caring.com and Credit Cards. Bankrate offers products and services including Savings Calculator, Mortgage Calculator, and Credit Card Payoff Calculator. Bankrate operates in a competitive market with competitors including Credit Karma, NerdWallet, QuinStreet, LendingTree and Raisin, among others.
- Headquarter North Palm Beach, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bankrate, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Red Ventures
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bankaholic.com
& 14 more
- Acquired by
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Products & Services of Bankrate
Bankrate offers a comprehensive portfolio of products and services, including Savings Calculator, Mortgage Calculator, and Credit Card Payoff Calculator. 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.
Helps users estimate savings growth over time.
Assists in calculating mortgage payments and affordability.
Tool to determine credit card debt repayment timelines.
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Leadership Team
47 people
Human Resources and Administration
19 people
Product Management Team
14 people
Operations Team
12 people
Software Development Team
10 people
Legal and Compliance
9 people
Data Analysis and Operations Team
6 people
Senior Team
5 people
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Funding Insights of Bankrate
| 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 Bankrate
Bankrate has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Red Ventures and Apax 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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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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Web development, digital marketing, and market analytics services 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 Bankrate
Bankrate has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Bankaholic.com, Caring.com and Credit Cards. 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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MyFinance is recognized as an intelligent monetization platform for publishers.
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2016 | ||||
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Cinema theaters are operated and film events are hosted.
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2012 | ||||
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Limited information available
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2009 |
| 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 - Bankrate
| 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 |
Bankrate Comparisons
Competitors of Bankrate
Bankrate 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 Karma, NerdWallet, QuinStreet, LendingTree and Raisin, 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 |
Credit score checking and comparison platform for financial products
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| domain | founded_year | HQ Location |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Personal loans, credit cards, and savings products are compared online.
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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| domain | founded_year | HQ Location |
Financial products are compared online to offer data-driven advisory services.
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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 Bankrate
Frequently Asked Questions about Bankrate
When was Bankrate founded?
Bankrate was founded in 1976.
Where is Bankrate located?
Bankrate is headquartered in North Palm Beach, United States. It is registered at North Palm Beach, Florida, United States.
Who is the current CEO of Bankrate?
Scott Kim is the current CEO of Bankrate.
What does Bankrate do?
Bankrate was founded in 1976 and functions as a publisher and aggregator of personal finance information in the United States, headquartered in North Palm Beach. Objective editorial content covering mortgages, deposits, insurance, credit cards, retirement, automobile loans, and taxes is delivered to consumers across multiple categories. The company was acquired by Apax Partners in 2009 and became publicly traded in January 2011.
Who are the top competitors of Bankrate?
Bankrate's top competitors include Credit Karma, NerdWallet and QuinStreet.
What products or services does Bankrate offer?
Bankrate offers Savings Calculator, Mortgage Calculator, and Credit Card Payoff Calculator.
How many acquisitions has Bankrate made?
Bankrate has made 15 acquisitions, including Bankaholic.com, Caring.com, and Credit Cards.
Who are Bankrate's investors?
Bankrate has 2 investors. Key investors include Red Ventures, and Apax Partners.
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