About Gradifi
Gradifi is a company based in Boston (United States) founded in 2014 was acquired by Vestwell in July 2023.. Gradifi has raised $500 thousand across 1 funding round from investors including First Republic Bank, Vestwell and E*TRADE. The company has 11 employees as of December 31, 2022. Gradifi has completed 1 acquisition, including SmarterBucks. Gradifi offers products and services including FinancialCore, PayDown, and SaveUp. Gradifi operates in a competitive market with competitors including Candidly, Tuition.io, InStride, Savi and Goodly, among others.
- Headquarter Boston, United States
- Employees 11 as on 31 Dec, 2022
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gradifi, 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
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Oct 14, 2015
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Investors
First Republic Bank
& 2 more
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Employee Count
11
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
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Products & Services of Gradifi
Gradifi offers a comprehensive portfolio of products and services, including FinancialCore, PayDown, and SaveUp. 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.
Platform to help save on student loan interest through refinancing options.
Program for faster student loan repayment with employer contributions.
Tool to build education savings in 529 plans for employees.
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Funding Insights of Gradifi
Gradifi has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in October 2015. 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 — $500,000
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First Round
First Round
(14 Oct 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Seed - Gradifi | Valuation |
investors |
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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 Gradifi
Gradifi has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include First Republic Bank, Vestwell and E*TRADE. 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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Commercial bank
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Founded Year | Domain | Location | |
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E*TRADE is operated as an online brokerage and banking platform.
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Founded Year | Domain | Location | |
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Online platform for a workplace savings program
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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 Gradifi
Gradifi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SmarterBucks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Gradifi
| 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 |
Gradifi Comparisons
Competitors of Gradifi
Gradifi 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 Candidly, Tuition.io, InStride, Savi and Goodly, 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 |
Financial wellness solutions for student debt are provided by Candidly.
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| domain | founded_year | HQ Location |
Student loan repayment and tuition assistance benefits are provided.
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| domain | founded_year | HQ Location |
Employee education benefits are managed through custom software platforms.
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| domain | founded_year | HQ Location |
Education loan repayment is supported by an AI-enabled tool.
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| domain | founded_year | HQ Location |
Student loan repayment solutions are provided to employees via employers.
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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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Latest news on Gradifi
Frequently Asked Questions about Gradifi
When was Gradifi founded?
Gradifi was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Gradifi located?
Gradifi is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Gradifi a funded company?
Gradifi is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Oct 14, 2015.
How many employees does Gradifi have?
As of Dec 31, 2022, the latest employee count at Gradifi is 11.
What does Gradifi do?
Gradifi was established in 2014 in Boston, United States, within the financial services sector focused on education debt. Employer-sponsored programs are offered to assist employees with student loan repayment. The Student Loan Paydown plan enables direct contributions toward outstanding loans. College SaveUp facilitates employer deposits into 529 savings plans for childrens education. Gradifi Refi connects participants to lenders for refinancing opportunities. Operations emphasize streamlined debt management tools.
Who are the top competitors of Gradifi?
Gradifi's top competitors include Candidly, Tuition.io and InStride.
What products or services does Gradifi offer?
Gradifi offers FinancialCore, PayDown, and SaveUp.
How many acquisitions has Gradifi made?
Gradifi has made 1 acquisition, including SmarterBucks.
Who are Gradifi's investors?
Gradifi has 3 investors. Key investors include First Republic Bank, Vestwell, and E*TRADE.
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