About Grow Inc
Grow Inc is a company based in Surry Hills (Australia) founded in 2017 was acquired by Epicor in March 2022. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. Grow Inc has raised $25 million across 1 funding round from investors including Epicor, Australian Securities Exchange and AirTree. Grow Inc offers products and services including DLTA, Member Online, Admin Online, Transitions, and Administration. Grow Inc operates in a competitive market with competitors including Earnd and My Four Weeks, among others.
- Headquarter Surry Hills, Australia
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Sectors
Technology
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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 Grow Inc
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Products & Services of Grow Inc
Grow Inc offers a comprehensive portfolio of products and services, including DLTA, Member Online, Admin Online, Transitions, and Administration. 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.
A modern platform is built for financial innovation.
A portal is designed for enhanced member experience.
A platform is created for efficient administrative tasks.
End-to-end transition services are provided for clients.
Alternative administration solutions are offered for super funds.
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Software Development Team
18 people
Product Management Team
9 people
Senior Team
7 people
Business Team
4 people
Data Analysis and Operations Team
4 people
Human Resources and Administration
4 people
Principal Team
3 people
Operations Team
3 people
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Funding Insights of Grow Inc
Grow Inc has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in June 2021. 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 Series B — $25.0M
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First Round
First Round
(25 Jun 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Series B - Grow Inc | Valuation | AirTree |
| 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 |
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Investors in Grow Inc
Grow Inc has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Epicor, Australian Securities Exchange and AirTree. 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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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location | |
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Operator of financial markets providing trading, clearing, and settlement services
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Founded Year | Domain | Location | |
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Cloud-based ERP software is provided for automotive and manufacturing 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 Grow Inc
| 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 - Grow Inc
| 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 |
Grow Inc Comparisons
Competitors of Grow Inc
Grow Inc 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 Earnd and My Four Weeks, 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 |
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| domain | founded_year | HQ Location |
Financial wellness program for employees
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| domain | founded_year | HQ Location |
A mobile app designed to help users save for personal financial goals efficiently.
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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 Grow Inc
Frequently Asked Questions about Grow Inc
When was Grow Inc founded?
Grow Inc was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Grow Inc located?
Grow Inc is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Who is the current CEO of Grow Inc?
John F Banfield is the current CEO of Grow Inc.
Is Grow Inc a funded company?
Grow Inc is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Jun 25, 2021.
What does Grow Inc do?
Grow Inc is engaged in providing technology and service solutions for superannuation funds and fund managers. The company is dedicated to optimizing operations and enhancing user experiences in the financial services sector. Solutions are developed for real-time data processing, open architecture, and seamless integrations. Services are offered to support transitions, administration, and customer relationships. The focus is placed on empowering businesses and developers to shape the future of finance with innovative platforms like DLTA.
Who are the top competitors of Grow Inc?
Grow Inc's top competitors include Earnd and My Four Weeks.
What products or services does Grow Inc offer?
Grow Inc offers DLTA, Member Online, Admin Online, Transitions, and Administration.
Who are Grow Inc's investors?
Grow Inc has 3 investors. Key investors include Epicor, Australian Securities Exchange, and AirTree.