About Exactuals
Exactuals is a company based in Los Angeles (United States) founded in 2011 was acquired by City National Bank in August 2018.. Exactuals has raised $20.6 million across 2 funding rounds from investors including City National Bank, Entertainment Partners and TTV Capital. Exactuals has completed 1 acquisition, including Backlash Solutions. Exactuals offers products and services including Exactuals, Bank Accounts, and Loans and Credit. Exactuals operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Zenefits, among others.
- Headquarter Los Angeles, United States
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name City National Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.6 M (USD)
in 2 rounds
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Latest Funding Round
$10.6 M (USD), Series B
Feb 15, 2017
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Investors
City National Bank
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
City National Bank
(Aug 13, 2018)
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Products & Services of Exactuals
Exactuals offers a comprehensive portfolio of products and services, including Exactuals, Bank Accounts, and Loans and Credit. 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.
Software for secure recurring and batch payments processing
Offers checking and savings for personal and business use
Provides mortgages and business lines of credit
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Funding Insights of Exactuals
Exactuals has successfully raised a total of $20.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10.6 million completed in February 2017. 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 Series B — $10.6M
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First Round
First Round
(08 Feb 2017)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series B - Exactuals | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - Exactuals | Valuation | City National Bank , TTV Capital |
| 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 Exactuals
Exactuals has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include City National Bank, Entertainment Partners and TTV 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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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Startups are accelerated by Stanford-backed program in Palo Alto.
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Founded Year | Domain | Location | |
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A diversified investment holding company and family office is operated.
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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 Exactuals
Exactuals has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Backlash Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software solutions provider for music industry
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Exactuals
| 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 |
Exactuals Comparisons
Competitors of Exactuals
Exactuals 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 Gusto, Justworks, Earnin, Paylocity and Zenefits, 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 |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll management solutions are offered for businesses.
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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 Exactuals
Frequently Asked Questions about Exactuals
When was Exactuals founded?
Exactuals was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Exactuals located?
Exactuals is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Exactuals a funded company?
Exactuals is a funded company, having raised a total of $20.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 08, 2017.
What does Exactuals do?
Exactuals was founded in 2011 in Los Angeles, United States, as a provider of cloud-based payroll management systems for enterprises. Operations focus on sectors including music, film, TV, marketplaces, and corporates. Services encompass secure payee registration, payment calculation and execution, reporting capabilities, encrypted payment processing, and a centralized self-service portal for employees. The platform supports streamlined payroll functions across these industries.
Who are the top competitors of Exactuals?
What products or services does Exactuals offer?
Exactuals offers Exactuals, Bank Accounts, and Loans and Credit.
How many acquisitions has Exactuals made?
Exactuals has made 1 acquisition, including Backlash Solutions.
Who are Exactuals's investors?
Exactuals has 13 investors. Key investors include City National Bank, Entertainment Partners, TTV Capital, StartX, and S-Cubed Capital.
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