About Boring Money
Boring Money is a company based in London (United Kingdom) founded in 2015.. Boring Money has raised $4.12 million across 2 funding rounds. The company has 14 employees as of December 31, 2020. Boring Money operates in a competitive market with competitors including PensionBee, Penfold, abrdn, Equiom Group and Mattioli Woods, among others.
- Headquarter London, United Kingdom
- Employees 14 as on 31 Dec, 2020
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Sectors
Financial ServicesTechnology
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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 Boringmoney Ltd
- Date of Incorporation 26 Feb, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.12 M (USD)
in 2 rounds
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Latest Funding Round
$3.05 M (USD), Series A
Nov 15, 2021
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Investors
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Employee Count
14
as on Dec 31, 2020
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Funding Insights of Boring Money
Boring Money has successfully raised a total of $4.12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.05 million completed in November 2021. 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 2
- Last Round Series A — $3.0M
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First Round
First Round
(17 Sep 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Boring Money | Valuation |
investors |
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| Sep, 2020 | Amount | Seed - Boring Money | 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 |
Investments & Acquisitions by Boring Money
| 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 - Boring Money
| 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 |
Boring Money Comparisons
Competitors of Boring Money
Boring Money 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 PensionBee, Penfold, abrdn, Equiom Group and Mattioli Woods, 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 |
Automated pension consolidation platform
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| domain | founded_year | HQ Location |
A mobile platform is utilized for pension setup and management.
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| domain | founded_year | HQ Location |
Multiple sectors are invested in by abrdn's private equity fund.
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| domain | founded_year | HQ Location |
Wealth management firm
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| domain | founded_year | HQ Location |
Wealth management services are provided by Mattioli Woods.
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| domain | founded_year | HQ Location |
Delivers wealth management services, including portfolio advisory and financial planning.
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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 Boring Money
Frequently Asked Questions about Boring Money
When was Boring Money founded?
Boring Money was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Boring Money located?
Boring Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Boring Money a funded company?
Boring Money is a funded company, having raised a total of $4.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.08M, raised on Sep 17, 2020.
How many employees does Boring Money have?
As of Dec 31, 2020, the latest employee count at Boring Money is 14.
What does Boring Money do?
Boring Money was founded in 2015 and is headquartered in London, United Kingdom. Operations focus on investment management within the financial industry, where portfolio oversight and advisory services are delivered to investors. The firm maintains its online presence through the domain boringmoney.co.uk. Activities are centered in the UK market, supporting client needs in asset allocation and financial planning without extending to broader international operations.
Who are the top competitors of Boring Money?
Boring Money's top competitors include PensionBee, abrdn and Sandaire.