About FirstStep
FirstStep is a company based in Melbourne (Australia) founded in 2015.. FirstStep operates in a competitive market with competitors including Raiz Invest Australia, Tranako, ShareMeUp and WealthNation, among others.
- Headquarter Melbourne, Australia
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$20 K (USD), Grant
Jun 01, 2017
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Investors
Melbourne Accelerator Program
& 1 more
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Employee Count
Employee Count
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Funding Insights of FirstStep
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $20,000
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First Round
First Round
(28 Aug 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Grant - FirstStep | Valuation |
investors |
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| Aug, 2015 | Amount | Grant - FirstStep | 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 FirstStep
FirstStep has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Melbourne Accelerator Program and INCUBATE. 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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Startup founders are supported through accelerator and pre-accelerator programs.
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Founded Year | Domain | Location | |
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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 FirstStep
| 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 - FirstStep
| 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 |
Firststep Comparisons
Competitors of FirstStep
FirstStep 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 Raiz Invest Australia, Tranako, ShareMeUp and WealthNation, 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 |
Online micro-investment platform
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| domain | founded_year | HQ Location |
Spare change from purchases is automatically invested in global assets.
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| domain | founded_year | HQ Location |
Micro-investing app for buying NZX shares regularly from as little as $50.
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| domain | founded_year | HQ Location |
A savings platform that rounds off daily purchases to help users build savings effortlessly.
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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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Frequently Asked Questions about FirstStep
When was FirstStep founded?
FirstStep was founded in 2015.
Where is FirstStep located?
FirstStep is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does FirstStep do?
FirstStep was founded in 2015 in Melbourne, Australia, as a fintech platform focused on automated investing. A mobile app is operated that rounds up transaction amounts from everyday electronic purchases and directs the funds, along with voluntary contributions, into a low-cost portfolio of 3-4 broad-based exchange-traded funds. Risk profiles are selected by users to match their circumstances. The service has remained in stealth mode since January 2016.
Who are the top competitors of FirstStep?
FirstStep's top competitors include Raiz Invest Australia, Tranako and ShareMeUp.
Who are FirstStep's investors?
FirstStep has 2 investors. Key investors include Melbourne Accelerator Program, and INCUBATE.
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