About Discover
Discover is a company based in Riverwoods (United States) founded in 1985 was acquired by Capital One in February 2024. It operates as a Commission-Based, and Subscription Services. Discover has completed 1 acquisition, including Diners Club International. Discover offers products and services including Discover it® Cash Back, Online Savings Account, and Personal Loans. Discover operates in a competitive market with competitors including Starling Bank, Monzo, Atom bank, Varo and Revolut, among others.
- Headquarter Riverwoods, United States
- Stage Public
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Sectors
Financial 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 Discover, A Division Of Capital One, N.A.
- Date of Incorporation 18 Sep, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.77 M (USD)40.78as on Mar 31, 2023
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Net Profit
$279.4 K (USD)40.92as on Mar 31, 2023
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EBITDA
$807.76 K (USD)32.47as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Capital One
(Feb 19, 2024)
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Products & Services of Discover
Discover offers a comprehensive portfolio of products and services, including Discover it® Cash Back, Online Savings Account, and Personal Loans. 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.
Cash back rewards are earned on purchases made.
High-interest savings accounts are offered without fees.
Debt consolidation loans are provided up to $40k.
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Software Development Team
420 people
Leadership Team
173 people
Product Management Team
107 people
Human Resources and Administration
47 people
Senior Team
45 people
Sales and Marketing
31 people
Legal and Compliance
27 people
Finance and Accounting
23 people
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Funding Insights of Discover
| 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 Discover
Discover has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Capital One. 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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Provider of loans, credit cards, and savings services
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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 Discover
Discover has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Diners Club International. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Charge card network and lounge access services are operated globally.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Discover
| 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 |
Discover Comparisons
Competitors of Discover
Discover 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 Starling Bank, Monzo, Atom bank, Varo and Revolut, 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 |
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| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Financial products are offered through an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Discover
Frequently Asked Questions about Discover
When was Discover founded?
Discover was founded in 1985.
Where is Discover located?
Discover is headquartered in Riverwoods, United States. It is registered at Riverwoods, Illinois, United States.
Who is the current CEO of Discover?
David Nelms is the current CEO of Discover.
What is the annual revenue of Discover?
Annual revenue of Discover is $2.77M as on Mar 31, 2023.
What does Discover do?
Discover, a division of Capital One, N.A., is engaged in offering a range of financial products including credit cards, personal loans, and online banking services. Various credit card options such as cash back, student, and secured cards are provided to meet diverse consumer needs. Banking solutions like high-interest savings accounts and certificates of deposit are also made available. The company operates within the financial services sector, focusing on consumer banking and rewards programs. Identity theft protection and financial tools are included to support customer security and planning.
Who are the top competitors of Discover?
Discover's top competitors include Revolut, Monzo and Starling Bank.
What products or services does Discover offer?
Discover offers Discover it® Cash Back, Online Savings Account, and Personal Loans.
How many acquisitions has Discover made?
Discover has made 1 acquisition, including Diners Club International.
Who are Discover's investors?
Discover has 1 investor. Key investors include Capital One.
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