About Ditch
Ditch is a company based in Atlanta (United States) founded in 2015 by Luis Andino.. Ditch has raised $20 thousand across 1 funding round from investors including Techstars. Ditch offers products and services including Ditch App. Ditch operates in a competitive market with competitors including Charlie, Freedom Financial Network, Payitoff, EarnUp and Student Loan Hero, among others.
- Headquarter Atlanta, United States
- Founders Luis Andino
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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 Ditch Technologies 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
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
May 30, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Ditch
Ditch offers a comprehensive portfolio of products and services, including Ditch App. 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.
Mobile app for automating debt payments and tracking finances
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Funding Insights of Ditch
Ditch has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in May 2023. 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 — $20,000
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First Round
First Round
(30 May 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Ditch | 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 Ditch
Ditch has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 Ditch
| 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 - Ditch
| 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 |
Ditch Comparisons
Competitors of Ditch
Ditch 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 Charlie, Freedom Financial Network, Payitoff, EarnUp and Student Loan Hero, 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 |
Expenses and income are tracked via AI text-based tool.
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| domain | founded_year | HQ Location |
Debt consolidation and relief solutions are provided to individuals.
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| domain | founded_year | HQ Location |
API-enabled solutions for student loan repayment are offered to lenders.
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| domain | founded_year | HQ Location |
Consumer debt is repaid online via automated micropayments.
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| domain | founded_year | HQ Location |
Online platform for Student debt tools, calculators, and repayment plans
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| domain | founded_year | HQ Location |
Platform for identifying negotiable fees with banks
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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 Ditch
When was Ditch founded?
Ditch was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is Ditch located?
Ditch is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Ditch?
Luis Andino is the current CEO of Ditch. They have also founded this company.
Is Ditch a funded company?
Ditch is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on May 30, 2023.
What does Ditch do?
Provider of automated debt repayment solutions for individuals, employers, and financial institutions. It offers a platform that streamlines debt management through automated payments and personalized insights. The platform assists individuals in accelerating debt payoff, building better financial habits, and achieving debt freedom. For employers, it provides a financial wellness benefit to improve employee well-being. Financial institutions utilize the platform to improve loan repayment rates and strengthen customer relationships. The solutions are designed to simplify debt repayment and empower users to take control of their finances.
Who are the top competitors of Ditch?
Ditch's top competitors include Freedom Financial Network, EarnUp and Payitoff.
What products or services does Ditch offer?
Ditch offers Ditch App.
Who are Ditch's investors?
Ditch has 1 investor. Key investors include Techstars.