About Flybits
Flybits is a company based in Toronto (Canada) founded in 2013.. Flybits has raised $50 million across 4 funding rounds from investors including Mastercard, Vodafone and TD Bank. Flybits offers products and services including Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution. Flybits operates in a competitive market with competitors including Voxeo, Tagit, Peppermint Innovation, Clair Mail and Bankjoy, among others.
- Headquarter Toronto, Canada
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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 Flybits Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 4 rounds
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Latest Funding Round
$35 M (USD), Series C
Jul 16, 2019
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Investors
Mastercard
& 12 more
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Employee Count
Employee Count
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Products & Services of Flybits
Flybits offers a comprehensive portfolio of products and services, including Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution. 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.
Manages customer journeys in banking for enhanced retention.
Delivers tailored experiences for financial institutions.
Provides personalized services for high-yield clients.
Drives action through next-generation experiences.
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Funding Insights of Flybits
Flybits has successfully raised a total of $50M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $35 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $35.0M
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First Round
First Round
(20 Aug 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series C - Flybits | Valuation | Point72 Ventures | |
| Jul, 2017 | Amount | Series B - Flybits | Valuation | Information Venture Partners | |
| May, 2015 | Amount | Series A - Flybits | Valuation | Vodafone |
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| 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 Flybits
Flybits has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Vodafone and TD Bank. 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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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location | |
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Early-stage Australian tech companies are invested in by Reinventure Group.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech & enterprise SaaS sectors
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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 Flybits
| 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 - Flybits
| 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 |
Flybits Comparisons
Competitors of Flybits
Flybits 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 Voxeo, Tagit, Peppermint Innovation, Clair Mail and Bankjoy, 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 |
IVR and VoIP platforms for customer service automation are hosted.
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| domain | founded_year | HQ Location |
Digital engagement solutions are provided for governments and banks.
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| domain | founded_year | HQ Location |
Proprietary mobile banking technology is commercialized for financial institutions.
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| domain | founded_year | HQ Location |
Mobile solutions for banking, payments, and card services are provided.
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| domain | founded_year | HQ Location |
Mobile banking solutions are offered to credit unions.
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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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Latest news on Flybits
Frequently Asked Questions about Flybits
When was Flybits founded?
Flybits was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Flybits located?
Flybits is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Flybits a funded company?
Flybits is a funded company, having raised a total of $50M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.75M, raised on Aug 20, 2014.
What does Flybits do?
Flybits was founded in 2013 in Toronto, Canada, within the fintech sector. A Context-as-a-Service platform is provided to banks and enterprises, enabling the creation of context-aware mobile applications. Tools are offered for developing personalized experiences atop traditional app frameworks and location-based services. iOS and Android devices are supported, with scalability designed for emerging internet-of-things data sources. Operations focus on enterprise banking channels across digital platforms.
Who are the top competitors of Flybits?
What products or services does Flybits offer?
Flybits offers Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution.
Who are Flybits's investors?
Flybits has 13 investors. Key investors include Mastercard, Vodafone, TD Bank, Portage, and Point72 Ventures.