About Edfundo
Edfundo is a company based in Dubai (United Arab Emirates) founded in 2020 by Simon Wing. Edfundo has raised $400 thousand across 1 funding round. Edfundo operates in a competitive market with competitors including Zywa and Cashee, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Simon Wing
- SectorsFinancial Services
- Website edfundo.com
- Social X Facebook
- Total Equity Funding$400K (USD)
in 1 rounds
- Latest Funding Round$400K (USD), Seed
Dec 2021
Apps and channels of Edfundo
Edfundo publishes 2 mobile apps with over 1K+ downloads.
Funding Insights of Edfundo
Edfundo has successfully raised a total of $400K through 1 strategic funding round. The most recent funding activity was a Seed round of $400 thousand completed in December 2021. 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 $400,000
- Total Rounds 1
- Last Round Seed — $400,000
- First Round $400,000
(Dec 2021)
All 1 funding rounds of Edfundo 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 |
|---|---|---|---|---|---|
| Dec 2021 | $400,000 | Seed | – | – | – |
People of Edfundo
2 people are tracked at Edfundo (2 in leadership).
| Name | Role | Group |
|---|---|---|
Simon Wing | Co-Founder & CEO | Leadership |
Andrew Toward | Co-Founder & COO | Leadership |
Complete people profiles for Edfundo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Edfundo
2 dated milestones of Edfundo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Edfundo is founded.
- Funding First funding round of $400K.
Competitors of Edfundo
Edfundo 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 Zywa and Cashee, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zywa.co | 2020 | Dubai, United Arab Emirates | $4M | – | Digital banking services are provided for teenagers via an app. | |
| cashee.com | 2020 | Dubai, United Arab Emirates | $4M | – | Digital banking services for teenagers are provided by Cashee. |
Detailed competitors of Edfundo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Edfundo
Complete news archive for Edfundo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Edfundo
10 companies that operate in the same segment as Edfundo (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Edfundo
Edfundo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Edfundo is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Simon Wing is the current CEO of Edfundo. They have also founded this company.
Edfundo is a funded company, having raised a total of $400K across 1 funding round to date. The company's 1st funding round was a Seed of $400K, raised on Dec 2021.
App-based platform for money management for students. For kids and teens, the company offers a prepaid debit card and app that is secure, rewarding, and instructive, as well as parental controls. Parents can assist their children in saving by paying interest on their money. It also helps users to keep track of their savings and expenses. The App is available for iOS and Android users.
Yes. Edfundo publishes Edfundo and 1 more app, with over 1,000 downloads.