About Grace
Grace is a company based in Stockholm (Sweden) founded in 2019 by Adam Lewestam and Thorir Gudlaugsson.. Grace has raised $738.72 thousand across 1 funding round from investors including JNE Invest. Grace operates in a competitive market with competitors including Billender and Savelend, among others.
- Headquarter Stockholm, Sweden
- Founders Adam Lewestam, Thorir Gudlaugsson
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$738.72 K (USD)
in 1 rounds
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Latest Funding Round
$738.72 K (USD), Seed
Jan 17, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of Grace
Grace has successfully raised a total of $738.72K through 1 strategic funding round. The most recent funding activity was a Seed round of $738.72 thousand completed in January 2020. 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 1
- Last Round Seed — $738,724
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First Round
First Round
(17 Jan 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2020 | Amount | Seed - Grace | Valuation | JNE Invest |
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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 Grace
Grace has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include JNE Invest. 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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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 Grace
| 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 - Grace
| 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 |
Grace Comparisons
Competitors of Grace
Grace 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 Billender and Savelend, 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 |
Payday loans for bills and invoices are offered online.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer lending platform for short-term loans.
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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 Grace
When was Grace founded?
Grace was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Grace located?
Grace is headquartered in Stockholm, Sweden.
Who is the current CEO of Grace?
Adam Lewestam is the current CEO of Grace. They have also founded this company.
Is Grace a funded company?
Grace is a funded company, having raised a total of $738.72K across 1 funding round to date. The company's 1st funding round was a Seed of $738.72K, raised on Jan 17, 2020.
What does Grace do?
Grace was founded in 2019 in Stockholm, Sweden, as a fintech platform focused on salary advance loans and personal finance management. Borrowers apply through a mobile app by linking bank accounts, after which loans are approved and disbursed. Repayments are automatically deducted from incoming salaries. Additional services encompass expense tracking, budgeting tools, and loan refinancing options for users in the region.
Who are Grace's investors?
Grace has 1 investor. Key investors include JNE Invest.