About Bits
Bits is a company based in London (United Kingdom) founded in 2018. Bits has raised $125 thousand across 2 funding rounds from investors including Y Combinator. Bits offers products and services including Bits Credit Card, Bits Store Card, and Bits Subscription. Bits operates in a competitive market with competitors including Wollit, Vanquis, LOQBOX, Aquacard and BuildMyCreditScore, among others.
- Headquarter London, United Kingdom
- SectorsFinancial Services
- Email••••••••
- Website getbits.app
- Social LinkedIn X Instagram
- Legal Name Fea Card Limited
- Date of Incorporation 12 Oct, 2018
- Jurisdiction LONDON, ENGLAND
- Total Equity Funding$125K (USD)
in 2 rounds
- Latest Funding Round$125K (USD), Seed
Jun 2020
- Investors
Products & Services of Bits
Bits offers a comprehensive portfolio of products and services, including Bits Credit Card, Bits Store Card, and Bits Subscription.
Physical card for global shopping to build credit through timely payments.
Digital card for Bits store purchases aiding credit score improvement.
Platform for credit monitoring and reporting to enhance financial status.
Apps and channels of Bits
Bits publishes 1 mobile app with over 100K+ downloads.
Funding Insights of Bits
Bits has successfully raised a total of $125K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in June 2020. 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 $125,000
- Total Rounds 2
- Last Round Seed — $125,000
- Investors Count 1
All 2 funding rounds of Bits with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $125,000 | Seed | – | Y Combinator | – |
| Nov 2018 | – | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Bits
Bits has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for Bits
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Bits
4 people are tracked at Bits (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Arwa Kassim | Executive Assistant to Founder & CEO | Leadership |
Faisal Khalid | Founder | Leadership |
Hassan Hafez | Senior Software Engineer | Team |
Virender Pal | Credit & Finance Analyst | Team |
Complete people profiles for Bits
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Bits
3 dated milestones of Bits across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Bits is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $125K.
Competitors of Bits
Bits 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 Wollit, Vanquis, LOQBOX, Aquacard and BuildMyCreditScore, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wollit.com | 2015 | London, United Kingdom | $5.41M | 5 | Provider of an online platform for a cash advance | |
| vanquis.co.uk | 2002 | Chatham, United Kingdom | – | 1,378 | Offers credit cards, savings accounts, loans, and financial tools for individuals. | |
| loqbox.com | 2013 | Bristol, United Kingdom | $5.32M | 7 | Provider of financial tools for credit scores repair | |
| aquacard.co.uk | 2001 | Sheffield, United Kingdom | – | – | Offers credit cards for bad credit to help improve user credit scores effectively. | |
| buildmycreditscore.com | 2018 | London, United Kingdom | – | – | Provider of a debit card service for credit score building | |
| scorebydnd.com | 2020 | London, United Kingdom | – | – | Credit builder payment cards for individuals | |
| zorrzcards.com | 2022 | London, United Kingdom | – | – | Provides free secured credit card with BNPL and tools for credit building. | |
| faciit.co | 2021 | Edinburgh, United Kingdom | – | – | Provides an online marketplace for credit builder loans designed for individuals. |
Detailed competitors of Bits
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Bits
The website of Bits (getbits.app) receives about 89.2K visits a month.
- Monthly visits89.2K
▲ 5.7% vs previous month
Websites whose visitors overlap most with Bits. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| buildmycreditscore.com | 100% | 9.8K | #2,555,313 | View details | |
| wollit.com | 91% | 57.8K | #981,884 | View details | |
| zemplerbank.com | 76% | 180.9K | #254,581 | View details |
Latest news on Bits
Complete news archive for Bits
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to Bits
10 companies that operate in the same segment as Bits (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Bits
Bits was founded in 2018.
Bits is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Bits is a funded company, having raised a total of $125K across 2 funding rounds to date.
Bits was established in 2018 in London, United Kingdom, within the fintech sector focused on personal credit building. Virtual credit cards are offered to enable score improvements through everyday transactions. Usage is supported for bill payments, cash withdrawals, and online purchases. An accompanying mobile platform is provided, compatible with iOS and Android systems for user access.
Bits's top competitors include Wollit, LOQBOX and BuildMyCreditScore.
Bits offers Bits Credit Card, Bits Store Card, and Bits Subscription.
Bits has 1 investor. Key investors include Y Combinator.
Bits operates through Fea Card Limited.
Yes. Bits publishes Bits, with over 100,000 downloads.