About FinFit
FinFit is a company based in Virginia Beach (United States) founded in 2008. It operates as a FinTech and Subscription Services. FinFit has raised $23 million across 3 funding rounds from investors including Ares Management, Galaxy and Bison Capital. The company has 33 employees as of December 31, 2022. FinFit offers products and services including FinFit SafetyNet, Emergency Savings, Emergency Credit, and Personal Loan. FinFit operates in a competitive market with competitors including Upstart, Upgrade, Laurel Road, Tala and LendKey Technologies, among others.
- Headquarter Virginia Beach, United States
- Employees 33 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Finfit Ops, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Jul 30, 2019
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Investors
Ares Management
& 2 more
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Employee Count
33
as on Dec 31, 2022
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Products & Services of FinFit
FinFit offers a comprehensive portfolio of products and services, including FinFit SafetyNet, Emergency Savings, Emergency Credit, and Personal Loan.
A platform combining savings and credit for employees.
Automatic savings directly from employee paycheck are enabled.
Funds are provided for unexpected employee financial needs.
Loans are offered to manage debt at lower rates.
People of FinFit
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Funding Insights of FinFit
FinFit has successfully raised a total of $23M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in July 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.
Investors in FinFit
FinFit has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ares Management, Galaxy and Bison Capital.
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Buyouts are targeted through private equity investments by the firm.
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Alternative asset investment management firm
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Galaxy is recognized as a leader in digital assets and data center infrastructure.
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Investor details for FinFit
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Investments & Acquisitions by FinFit
Investment portfolio details for FinFit
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Financial Statements - FinFit
Detailed financials for FinFit
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- Profit trends
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Finfit Comparisons
Peer comparison for FinFit
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- Headcount comparison
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Competitors of FinFit
FinFit 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 Upstart, Upgrade, Laurel Road, Tala and LendKey Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Diversified loans are provided via an AI-enabled online marketplace.
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Consumer credit and banking products are offered to individuals.
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Student loan refinancing, mortgages, and personal loans are offered online.
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Fintech services for credit, savings, and payments are delivered globally.
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Student & Home improvement loans online by local community lenders
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Detailed competitors of FinFit
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Latest news on Finfit
Complete news archive for FinFit
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Frequently Asked Questions about FinFit
FinFit was founded in 2008 and raised its 1st funding round 8 years after it was founded.
FinFit is headquartered in Virginia Beach, United States. It is registered at Virginia Beach, Virginia, United States.
George Skakel is the current CEO of FinFit.
FinFit is a funded company, having raised a total of $23M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at FinFit is 33.
Financial wellness programs are offered by FinFit to enhance employee financial stability. Solutions include the FinFit SafetyNet platform, which integrates emergency savings, credit access, and personal loans. These services are designed to assist employees in managing unexpected expenses, reducing debt, and avoiding high-cost borrowing options. The company targets employers and employees across various sectors, focusing on those living paycheck to paycheck. Measurable impacts are achieved in employee retention, productivity, and financial stress reduction. Partnerships with employers from small businesses to enterprises are established to deliver tailored financial tools and resources.
FinFit's top competitors include Upstart, Upgrade and Laurel Road.
FinFit offers FinFit SafetyNet, Emergency Savings, Emergency Credit, and Personal Loan.
FinFit has 3 investors. Key investors include Ares Management, Galaxy, and Bison Capital.