About Contract Capital
Contract Capital is a company based in Mississauga (Canada) founded in 2014 was acquired by Stearns Bank in September 2023.. Contract Capital has raised $150 thousand across 2 funding rounds from investors including Stearns Bank. Contract Capital offers products and services including Contract Capital Solution. Contract Capital operates in a competitive market with competitors including Cloud Lending, Bankish, Credit App, PemPem and Nectarine Credit, among others.
- Headquarter Mississauga, Canada
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$150 K (USD)
in 2 rounds
-
Latest Funding Round
$20 M (USD), Debt – Conventional
Jun 01, 2016
- Investors
-
Employee Count
Employee Count
-
Acquired by
Stearns Bank
(Sep 15, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Contract Capital
Contract Capital offers a comprehensive portfolio of products and services, including Contract Capital Solution. 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.
Advances funds for MSP infrastructure by purchasing payment streams
Funding Insights of Contract Capital
Contract Capital has successfully raised a total of $150K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in June 2016. 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 Debt – Conventional — $20.0M
-
First Round
First Round
(02 Apr 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Debt – Conventional - Contract Capital | Valuation |
investors |
|
| Apr, 2015 | Amount | Seed - Contract Capital | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Contract Capital
Contract Capital has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Stearns Bank. 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 |
|---|---|---|---|---|
|
Commercial banking services are provided in the United States.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Contract Capital
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Contract Capital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Contract Capital Comparisons
Competitors of Contract Capital
Contract Capital 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 Cloud Lending, Bankish, Credit App, PemPem and Nectarine Credit, 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 |
A cloud-based lending platform is provided for financial institutions.
|
|
| domain | founded_year | HQ Location |
Lending and deposit systems are offered for loan providers.
|
|
| domain | founded_year | HQ Location |
Lending as a service platform for financial institutions
|
|
| domain | founded_year | HQ Location |
Provider of agricultural product traceability solutions
|
|
| domain | founded_year | HQ Location |
Lending-as-a-service is provided through an online platform for enterprises.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Contract Capital
When was Contract Capital founded?
Contract Capital was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Contract Capital located?
Contract Capital is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Contract Capital?
Chris Kerr is the current CEO of Contract Capital.
Is Contract Capital a funded company?
Contract Capital is a funded company, having raised a total of $150K across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Apr 02, 2015.
What does Contract Capital do?
Founded in 2014 and based in Mississauga, Canada, Contract Capital operates in the financial services sector for managed service providers (MSPs). Funds are advanced to cover infrastructure and implementation costs needed to activate contracts. Monthly contracted payment streams are purchased, while MSPs retain the service-related margins, client billing control, and communications. Contracts with performance conditions are supported.
Who are the top competitors of Contract Capital?
Contract Capital's top competitors include Cloud Lending, Credit App and Bankish.
What products or services does Contract Capital offer?
Contract Capital offers Contract Capital Solution.
Who are Contract Capital's investors?
Contract Capital has 1 investor. Key investors include Stearns Bank.