About DriveALoan
DriveALoan is a company based in Edmonton (Canada) founded in 2011. It operates as a B2C, and Marketplace. DriveALoan offers products and services including Financing Application and Vehicle Search Service. DriveALoan operates in a competitive market with competitors including Carbeeza, Axis Auto Finance, OCM, Pret Auto Partez and AutosOnline, among others.
- Headquarter Edmonton, Canada
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Website
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Annual Revenue
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Products & Services of DriveALoan
DriveALoan offers a comprehensive portfolio of products and services, including Financing Application and Vehicle Search 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.
Quick form for vehicle loan approvals regardless of credit
Platform to find new and used vehicles by type and budget
Funding Insights of DriveALoan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by DriveALoan
| 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 - DriveALoan
| 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 |
Drivealoan Comparisons
Competitors of DriveALoan
DriveALoan 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 Carbeeza, Axis Auto Finance, OCM, Pret Auto Partez and AutosOnline, 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 |
App-based savings platform for consumer goods
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| domain | founded_year | HQ Location |
Provider of auto loans
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| domain | founded_year | HQ Location |
Auto financing solutions are offered by OCM for drivers.
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| domain | founded_year | HQ Location |
Offers auto loans, vehicle financing, and credit rebuilding in Quebec.
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| domain | founded_year | HQ Location |
Used car dealership providing sales, financing, and inventory browsing in Ottawa.
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| domain | founded_year | HQ Location |
Auto financing solutions are offered by OCM for drivers.
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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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Frequently Asked Questions about DriveALoan
When was DriveALoan founded?
DriveALoan was founded in 2011.
Where is DriveALoan located?
DriveALoan is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
What does DriveALoan do?
DriveALoan is a platform that connects users to vehicle dealers and lenders for new and used cars, trucks, vans, and SUVs. It facilitates financing regardless of credit history through a quick 60-second application process. Based in Edmonton, the service aims to make car buying convenient and accessible via a network of dealers. Users can find vehicles starting from specific monthly budgets without commitments or costs.
Who are the top competitors of DriveALoan?
DriveALoan's top competitors include Carbeeza, Axis Auto Finance and OCM.
What products or services does DriveALoan offer?
DriveALoan offers Financing Application and Vehicle Search Service.