About Elevate
Elevate is a company based in Fort Worth (United States) founded in 2014 was acquired by Park Cities Asset Management in November 2022. It operates as a FinTech, and Commission-Based. Elevate offers products and services including Online Credit Solutions. Elevate operates in a competitive market with competitors including LendingPoint, Possible Finance, Best Egg, Stilt and OneBlinc, among others.
- Headquarter Fort Worth, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$416.64 M-10as on Dec 31, 2021
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Net Profit
$-33.6 M-263as on Dec 31, 2021
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EBITDA
$37.8 M-73as on Dec 31, 2021
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Latest Funding Round
$100 M (USD), Debt – Conventional
Jul 26, 2016
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Investors
Victory Park Capital Advisors
& 1 more
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Employee Count
Employee Count
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Acquired by
Park Cities Asset Management
(Nov 16, 2022)
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Products & Services of Elevate
Elevate offers a comprehensive portfolio of products and services, including Online Credit Solutions. 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.
Tech-enabled credit solutions are provided for non-prime customers.
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Leadership Team
15 people
Data Analysis and Operations Team
12 people
Legal and Compliance
6 people
Software Development Team
4 people
Human Resources and Administration
3 people
Finance and Accounting
3 people
Product Management Team
2 people
Total Team
1 people
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Funding Insights of Elevate
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(27 Aug 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Debt – Conventional - Elevate | Valuation |
investors |
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| Aug, 2015 | Amount | Debt – Conventional - Elevate | 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 Elevate
Elevate has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Victory Park Capital Advisors and Bow River Capital. 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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Blank check and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Bow River Capital is engaged in asset-based finance and investment management.
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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 Elevate
| 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 - Elevate
| 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 |
Elevate Comparisons
Competitors of Elevate
Elevate 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 LendingPoint, Possible Finance, Best Egg, Stilt and OneBlinc, 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 |
Personal loans are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Multiple consumer loans are offered through an online platform.
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| domain | founded_year | HQ Location |
Personal loans are offered via an online platform.
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| domain | founded_year | HQ Location |
Online loans are extended to underserved immigrants through data analysis.
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| domain | founded_year | HQ Location |
Loans are facilitated for federal employees via an online marketplace.
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| domain | founded_year | HQ Location |
Debt refinancing is enabled online for accredited investors by invitation.
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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 Elevate
Frequently Asked Questions about Elevate
When was Elevate founded?
Elevate was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Elevate located?
Elevate is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
What is the annual revenue of Elevate?
Annual revenue of Elevate is $416.64M as on Dec 31, 2021.
What does Elevate do?
Elevate is engaged in offering tech-enabled credit solutions tailored for non-prime customers. Operations are centered in the financial sector, specifically targeting consumer finance. Innovative online tools and advanced analytics are utilized to provide competitively priced credit. Financial wellness features are integrated to support customers in building a better financial future. The mission of Good Today, Better Tomorrow is upheld through a customer-first approach.
Who are the top competitors of Elevate?
Elevate's top competitors include Best Egg, LendingPoint and Possible Finance.
What products or services does Elevate offer?
Elevate offers Online Credit Solutions.
Who are Elevate's investors?
Elevate has 2 investors. Key investors include Victory Park Capital Advisors, and Bow River Capital.
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