About DolarApp
DolarApp is a company based in Mexico City (Mexico) founded in 2021.. DolarApp has raised $5 million across 1 funding round from investors including Y Combinator and Kaszek. DolarApp offers products and services including DolarApp App, Digital Dollars, and Transfer Service. DolarApp operates in a competitive market with competitors including Robinhood, Trade Republic, Vested Finance, Webull and Wirex, among others.
- Headquarter Mexico City, Mexico
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Sep 15, 2022
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Investors
Y Combinator
& 1 more
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Employee Count
Employee Count
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Products & Services of DolarApp
DolarApp offers a comprehensive portfolio of products and services, including DolarApp App, Digital Dollars, and Transfer Service. 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 managing digital dollars and international transfers.
Digital representation for secure cross-border transactions.
Service for low-fee US transfers and conversions.
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Funding Insights of DolarApp
DolarApp has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in September 2022. 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 — $5.0M
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First Round
First Round
(15 Sep 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - DolarApp | Valuation | Y Combinator , Kaszek |
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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 DolarApp
DolarApp has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Y Combinator and Kaszek. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kaszek.
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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 DolarApp
| 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 - DolarApp
| 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 |
Dolarapp Comparisons
Competitors of DolarApp
DolarApp 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 Robinhood, Trade Republic, Vested Finance, Webull and Wirex, 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 |
Commission-free trading and investment services are provided by Robinhood.
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| domain | founded_year | HQ Location |
Multi-asset trading platform for stocks, ETFs, and cryptocurrencies is provided.
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| domain | founded_year | HQ Location |
Online trading and investment platform
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| domain | founded_year | HQ Location |
Broker-based online trading platform
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| domain | founded_year | HQ Location |
App-based wallet for cryptocurrencies and traditional currencies is provided.
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| domain | founded_year | HQ Location |
Online platform for trading in forex, options, and CFDs
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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 Dolarapp
Frequently Asked Questions about DolarApp
When was DolarApp founded?
DolarApp was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is DolarApp located?
DolarApp is headquartered in Mexico City, Mexico.
Is DolarApp a funded company?
DolarApp is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Sep 15, 2022.
What does DolarApp do?
DolarApp was established in 2021 in Mexico City, Mexico, within the fintech sector. An online platform is operated to enable currency exchange, including borderless accounts for holding multiple currencies, tools for receiving and sending international payments, and issuance of multi-currency prepaid cards. Operations are centered on simplifying cross-border financial transactions for users in Latin America and beyond.
Who are the top competitors of DolarApp?
DolarApp's top competitors include Robinhood, Trade Republic and Saxo Bank.
What products or services does DolarApp offer?
DolarApp offers DolarApp App, Digital Dollars, and Transfer Service.
Who are DolarApp's investors?
DolarApp has 2 investors. Key investors include Y Combinator, and Kaszek.
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