About Clarity Money
Clarity Money is a company based in New York (United States) founded in 2016 was acquired by Goldman Sachs in March 2018.. Clarity Money has raised $14.5 million across 2 funding rounds from investors including Goldman Sachs, Bessemer Venture Partners and Citi Ventures. Clarity Money operates in a competitive market with competitors including Clara, Expensify, Sift wallet, Olivia AI and Stackin, among others.
- Headquarter New York, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clarity Money, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.5 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series A
Mar 23, 2017
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Investors
Goldman Sachs
& 4 more
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Employee Count
Employee Count
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Acquired by
Goldman Sachs
(Mar 08, 2018)
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Funding Insights of Clarity Money
Clarity Money has successfully raised a total of $14.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in March 2017. 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 — $11.0M
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First Round
First Round
(27 May 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Clarity Money | Valuation | Citi Ventures , RRE Ventures | |
| May, 2016 | Amount | Seed - Clarity Money | Valuation | RRE Ventures |
| 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 Clarity Money
Clarity Money has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Bessemer Venture Partners and Citi 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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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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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 Clarity Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Clarity 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 |
Clarity Money Comparisons
Competitors of Clarity Money
Clarity 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 Clara, Expensify, Sift wallet, Olivia AI and Stackin, 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 |
Meetings are scheduled using AI by adding Clara to emails.
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| domain | founded_year | HQ Location |
Cloud-based expense management solutions are offered for business travelers.
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| domain | founded_year | HQ Location |
Credit card benefits tracker
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| domain | founded_year | HQ Location |
Personal finances are managed and optimized by AI-driven insights.
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| domain | founded_year | HQ Location |
App-based platform for managing finances with custom coaching and expert support
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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 Clarity Money
Frequently Asked Questions about Clarity Money
When was Clarity Money founded?
Clarity Money was founded in 2016.
Where is Clarity Money located?
Clarity Money is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Clarity Money a funded company?
Clarity Money is a funded company, having raised a total of $14.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on May 27, 2016.
What does Clarity Money do?
Clarity Money was founded in 2016 in New York, United States, within the personal finance sector. A mobile application is operated to assist users in analyzing their financial activities and obtaining relevant insights. The platform focuses on tracking expenses and budgeting tools. As of June 2016, it remained in beta testing phase, with services accessible primarily through the associated domain claritymoney.com. Operations are centered in the United States.
Who are the top competitors of Clarity Money?
Clarity Money's top competitors include Expensify, Quicken and Sift wallet.
Who are Clarity Money's investors?
Clarity Money has 5 investors. Key investors include Goldman Sachs, Bessemer Venture Partners, Citi Ventures, RRE Ventures, and Maveron.
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