About Formula
Formula is a company based in Dallas (United States) founded in 2004. It operates as a SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service), and Professional Services. Formula has raised $624.75 thousand across 2 funding rounds. Formula offers products and services including Instant® Global Intelligence, Financial Asset Management, and Foreign Exchange Services.
- Headquarter Dallas, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
- Legal Name Formula, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$624.75 K (USD)
in 2 rounds
-
Latest Funding Round
$521.25 K (USD), Seed
Jan 09, 2023
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Formula
Formula offers a comprehensive portfolio of products and services, including Instant® Global Intelligence, Financial Asset Management, and Foreign Exchange Services. 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.
Global intelligence is provided for financial transaction visibility.
Asset and risk management services are offered globally.
Foreign exchange transactions are facilitated for global clients.
Funding Insights of Formula
Formula has successfully raised a total of $624.75K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $521.25 thousand completed in January 2023. 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 — $521,254
-
First Round
First Round
(01 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - Formula | Valuation |
investors |
|
| Oct, 2019 | Amount | Seed - Formula | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Formula
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Formula
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formula Comparisons
Competitors of Formula
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Formula
When was Formula founded?
Formula was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Formula located?
Formula is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Is Formula a funded company?
Formula is a funded company, having raised a total of $624.75K across 2 funding rounds to date. The company's 1st funding round was a Seed of $103.5K, raised on Oct 01, 2019.
What does Formula do?
Formula is focused on delivering financial technology platforms and services tailored for global banks and corporations. Solutions are provided in areas such as worldwide receivables reconciliation, foreign exchange, liquidity management, supply chain, marketing, and performance management. A highly secure enterprise platform is offered with extensive connectivity for banks, payment processing, and various payment types worldwide. Key processes are streamlined, losses are protected against, and growth opportunities are accelerated through improved enterprise-wide decision-making for some of the worlds largest organizations.
What products or services does Formula offer?
Formula offers Instant® Global Intelligence, Financial Asset Management, and Foreign Exchange Services.