About cinch
cinch is a company based in Farnham (United Kingdom) founded in 2019.. cinch offers products and services including Car Buying Platform, Part Exchange Service, and Car Finance Option. cinch operates in a competitive market with competitors including Cazoo, Copart, CarGurus, Auto Trader and Carwow, among others.
- Headquarter Farnham, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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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 Cinch Cars Limited
- Date of Incorporation 16 Aug, 2018
- Jurisdiction HOOK, HAMPSHIRE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$64.55 M (USD), Debt – Conventional
Nov 03, 2020
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Investors
HSBC
& 1 more
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Employee Count
Employee Count
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Products & Services of cinch
cinch offers a comprehensive portfolio of products and services, including Car Buying Platform, Part Exchange Service, and Car Finance Option. 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.
Online service for searching and purchasing used cars.
Tool for valuing and exchanging old cars for new ones.
Assistance in arranging loans for car purchases.
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Funding Insights of cinch
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $64.6M
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First Round
First Round
(03 Nov 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Debt – Conventional - cinch | 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 cinch
cinch has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HSBC and NatWest. 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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Universal banking and financial advisory services are provided globally.
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Founded Year | Domain | Location | |
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Commercial bank
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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 cinch
| 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 - cinch
| 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 |
Cinch Comparisons
Competitors of cinch
cinch 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 Cazoo, Copart, CarGurus, Auto Trader and Carwow, 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 |
Online dealer of second-hand cars
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used cars are listed and searched via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace to buy new cars
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| domain | founded_year | HQ Location |
Online used car listing platform
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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 Cinch
Frequently Asked Questions about cinch
When was cinch founded?
cinch was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is cinch located?
cinch is headquartered in Farnham, United Kingdom. It is registered at Farnham, Surrey, United Kingdom.
What does cinch do?
Cinch was established in 2019 in Farnham, United Kingdom, as an online marketplace in the automotive sector. Used vehicles are listed by sellers, allowing buyers to search listings and contact sellers directly through the platform. Valuation services for used cars are also provided to assist users in transactions. Operations focus on facilitating B2C exchanges within the UK market.
What products or services does cinch offer?
cinch offers Car Buying Platform, Part Exchange Service, and Car Finance Option.
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