About Coinless
Coinless is a company based in Salt Lake City (United States) founded in 2017 by Jared Richards was acquired by EverWash in May 2024.. Coinless has raised $500 thousand across 1 funding round from investors including EverWash. Coinless offers products and services including Mobile App, Loyalty Programs, Membership Programs, and Business Analytics. Coinless operates in a competitive market with competitors including Spiffy, EverWash, Mitchell International, Way and Fullbay, among others.
- Headquarter Salt Lake City, United States
- Founders Jared Richards
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Sectors
Transportation, Automotive & LogisticsTechnology Business Services
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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 Coinless, Llc
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Products & Services of Coinless
Coinless offers a comprehensive portfolio of products and services, including Mobile App, Loyalty Programs, Membership Programs, and Business Analytics. 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.
App for processing mobile payments at car washes.
Tools to reward repeat customers at car wash locations.
Monthly auto-pay options for car wash access.
Reports on sales and customer data for car wash owners.
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Funding Insights of Coinless
Coinless has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in February 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 Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(19 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - Coinless | 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 |
Investors in Coinless
Coinless has secured backing from 1 investor. Prominent investors backing the company include EverWash. 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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Car washing services are booked via an online platform.
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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 Coinless
| 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 - Coinless
| 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 |
Coinless Comparisons
Competitors of Coinless
Coinless 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 Spiffy, EverWash, Mitchell International, Way and Fullbay, 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 |
Spiffy is recognized as a full-stack mobile service platform for the automotive industry.
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| domain | founded_year | HQ Location |
Car washing services are booked via an online platform.
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| domain | founded_year | HQ Location |
SaaS-driven collision repair and auto workshop management solutions
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| domain | founded_year | HQ Location |
App-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Shop management software is offered for heavy duty workshops.
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| domain | founded_year | HQ Location |
App-based booking of car washing and detailing services is facilitated.
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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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Frequently Asked Questions about Coinless
When was Coinless founded?
Coinless was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Coinless located?
Coinless is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of Coinless?
Jared Richards is the current CEO of Coinless. They have also founded this company.
Is Coinless a funded company?
Coinless is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Feb 19, 2020.
What does Coinless do?
A cloud-based car wash software and payment solution for auto workshops. It manages the credit card processing for multiple payments made through the app and provides loyalty programs that reward customers for visiting their preferred carwash locations. It provides a coinless device that receives purchase information and let customer pays for their wash on their smartphone. Features include business analytics, reputation marketing, membership programs, and remote management. The mobile application is available for iOS and Android devices.
Who are the top competitors of Coinless?
What products or services does Coinless offer?
Coinless offers Mobile App, Loyalty Programs, Membership Programs, and Business Analytics.
Who are Coinless's investors?
Coinless has 1 investor. Key investors include EverWash.
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