About Elph
Elph is a company based in San Francisco (United States) founded in 2018 by Ritik Malhotra was acquired by Brex in March 2019.. Elph has raised $1.03 million across 2 funding rounds from investors including Brex, Y Combinator and The House Fund. Elph offers products and services including Corporate Cards, Expense Management, Bill Pay, Banking and Treasury, and Accounting Automation. Elph operates in a competitive market with competitors including Centbee, Ethos.io, Bitski, Lit Protocol and Cosmostation, among others.
- Headquarter San Francisco, United States
- Founders Ritik Malhotra
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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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- Legal Name Brex Inc.
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Products & Services of Elph
Elph offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Bill Pay, Banking and Treasury, and Accounting Automation. 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.
Cards for controlled global business spending and budget enforcement
AI system for automating expense reports and approvals
Platform for invoice entry and vendor payment processing
Account for cash management and earning yields
Software for GL coding and accrual booking
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Operations Team
46 people
Product Management Team
34 people
Finance and Accounting
16 people
Leadership Team
15 people
Software Development Team
13 people
Sales and Marketing
11 people
Creative and Marketing Team
8 people
Data Analysis and Operations Team
4 people
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Funding Insights of Elph
Elph has successfully raised a total of $1.03M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $150 thousand completed in June 2019. 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 2
- Last Round Seed — $150,000
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First Round
First Round
(20 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2019 | Amount | Seed - Elph | Valuation | Y Combinator |
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| Jun, 2018 | Amount | Seed - Elph | Valuation |
investors |
| 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 |
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Investors in Elph
Elph has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Brex, Y Combinator and The House Fund. 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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A venture capital fund is operated for Berkeley startups.
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Founded Year | Domain | Location | |
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SaaS-driven credit card and spend management solutions platform for businesses
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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 Elph
| 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 - Elph
| 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 |
Elph Comparisons
Competitors of Elph
Elph 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 Centbee, Ethos.io, Bitski, Lit Protocol and Cosmostation, 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 |
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| domain | founded_year | HQ Location |
App-based cold wallet for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain protocols and financial systems are bridged by Ethos.io's platform.
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| domain | founded_year | HQ Location |
A cold wallet for managing cryptocurrencies and collectibles is provided.
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| domain | founded_year | HQ Location |
Blockchain-based network for decentralized composability and encryption
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| domain | founded_year | HQ Location |
Wallet solutions for digital assets are provided through decentralized platforms.
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| domain | founded_year | HQ Location |
Multi-chain digital wallet for EOS blockchain users is developed.
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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 Elph
When was Elph founded?
Elph was founded in 2018.
Where is Elph located?
Elph is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Elph?
Ritik Malhotra is the current CEO of Elph. They have also founded this company.
Is Elph a funded company?
Elph is a funded company, having raised a total of $1.03M across 2 funding rounds to date. The company's 1st funding round was a Seed of $875K, raised on Jun 20, 2018.
What does Elph do?
Tools and infrastructure to use and build blockchain-based applications. Offers a dApp browser wallet, that allows users to discover and use the decentralized apps. The company offers a drop-in authentication library that provides a username password based login system for users to connect their Web3 wallet. Provides a decentralized network of Plasma sidechains based on Ethereum blockchain for building dApps. Enterprises can set up a private blockchain network to record information across organizations.
Who are the top competitors of Elph?
Elph's top competitors include Ethos.io, Bitski and Cosmostation.
What products or services does Elph offer?
Elph offers Corporate Cards, Expense Management, Bill Pay, Banking and Treasury, and Accounting Automation.
Who are Elph's investors?
Elph has 3 investors. Key investors include Brex, Y Combinator, and The House Fund.
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