About Dynamoney
Dynamoney is a company based in Sydney (Australia) founded in 2015 by David Verschoor. Dynamoney has raised $285 million across 1 funding round. Dynamoney offers products and services including Asset Finance, Business Loans, Vehicle Finance, Equipment Finance, and Insurance Premium Funding. Dynamoney operates in a competitive market with competitors including Latitude Financial Services, Nimble, Right Road Finance, MiFund and SafeFinancial, among others.
- Headquarter Sydney, Australia
- Founders David Verschoor
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dynamoney.com
- Social LinkedIn Facebook
- Legal Name Dynamoney Limited
- Total Equity Funding$285M (USD)
in 1 rounds
- Latest Funding Round$285M (USD), Series D
Mar 2024
Products & Services of Dynamoney
Dynamoney offers a comprehensive portfolio of products and services, including Asset Finance, Business Loans, Vehicle Finance, Equipment Finance, and Insurance Premium Funding.
Provides funding for business assets like vehicles and equipment
Offers loans for cash flow and business investments
Finances cars, trucks, and trailers for business use
Supports leasing of industrial and medical equipment
Funds premiums to free up business capital
Funding Insights of Dynamoney
Dynamoney has successfully raised a total of $285M through 1 strategic funding round. The most recent funding activity was a Series D round of $285 million completed in March 2024. 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 $285M
- Total Rounds 1
- Last Round Series D — $285M
- First Round $285M
(Mar 2024)
All 1 funding rounds of Dynamoney with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $285M | Series D | – | – | – |
People of Dynamoney
1 people are tracked at Dynamoney (1 in leadership).
| Name | Role | Group |
|---|---|---|
David Verschoor | Co-Founder & CEO | Leadership |
Complete people profiles for Dynamoney
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Dynamoney
2 dated milestones of Dynamoney across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Dynamoney is founded.
- Funding First funding round of $285.0M.
Competitors of Dynamoney
Dynamoney 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 Latitude Financial Services, Nimble, Right Road Finance, MiFund and SafeFinancial, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| latitudefinancial.com.au | 2015 | Melbourne, Australia | $232.29M | – | Consumer loans are provided to individuals in Australia. | |
| nimble.com.au | 2005 | Gold Coast, Australia | $8.3M | – | Short-term loans are offered via an online platform. | |
| rightroadfinance.com | 2013 | Melbourne, Australia | – | – | Diversified financial services are provided as a non-banking institution. | |
| mifund.com.au | 2015 | Sydney, Australia | – | – | Offers an online platform for consumer loan services. | |
| safefinancial.com.au | 2002 | Brisbane, Australia | – | – | Offers cash, car, and business loans with fast approvals for Australians. | |
| cashngo.com.au | 2013 | Parramatta, Australia | – | – | Provides fast cash loans through online applications and self-service kiosks. |
Detailed competitors of Dynamoney
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- Full competitor set
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Web traffic of Dynamoney
The website of Dynamoney (dynamoney.com) receives about 15.6K visits a month.
- Monthly visits15.6K
▲ 8.1% vs previous month
Latest news on Dynamoney
Complete news archive for Dynamoney
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to Dynamoney
10 companies that operate in the same segment as Dynamoney (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Dynamoney
Dynamoney was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Dynamoney is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
David Verschoor is the current CEO of Dynamoney. They have also founded this company.
Dynamoney is a funded company, having raised a total of $285M across 1 funding round to date. The company's 1st funding round was a Series D of $285M, raised on Mar 2024.
Dynamoney was founded in 2015 and is headquartered in Sydney, Australia. Operations focus on the finance sector, where leasing and loan options for vehicles and equipment are extended to commercial clients. Services include tailored financing solutions for fleet management and asset acquisition, supporting industries such as transportation and construction. The company is led by co-founder and CEO David Verschoor, with activities centered in the Australian market.
Dynamoney's top competitors include Latitude Financial Services, Nimble and Right Road Finance.
Dynamoney offers Asset Finance, Business Loans, Vehicle Finance, Equipment Finance, and Insurance Premium Funding.
Dynamoney operates through Dynamoney Limited.