About Grupo Fitta
Grupo Fitta is a company based in Sao Paulo (Brazil) founded in 2000 was acquired by Western Union in February 2014.. Grupo Fitta operates in a competitive market with competitors including confidence cambio, Frente Corretora, Zebra Cambio, Kamoney and Cambio Store, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Western Union
(Feb 27, 2014)
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Funding Insights of Grupo Fitta
| 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 Grupo Fitta
Grupo Fitta has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Western Union. 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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Provider of remittance services
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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 Grupo Fitta
| 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 - Grupo Fitta
| 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 |
Grupo Fitta Comparisons
Competitors of Grupo Fitta
Grupo Fitta 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 confidence cambio, Frente Corretora, Zebra Cambio, Kamoney and Cambio Store, 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 |
Cross border transfer and currency exchange platform
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| domain | founded_year | HQ Location |
Currency exchange and prepaid card services are provided for individuals.
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| domain | founded_year | HQ Location |
Online cross-border remittance and forex platform for businesses
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| domain | founded_year | HQ Location |
An internet-first platform for seamless currency exchange.
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| domain | founded_year | HQ Location |
Operates as an internet-based platform for currency exchange services.
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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 Grupo Fitta
When was Grupo Fitta founded?
Grupo Fitta was founded in 2000.
Where is Grupo Fitta located?
Grupo Fitta is headquartered in Sao Paulo, Brazil.
What does Grupo Fitta do?
Grupo Fitta was established in 2000 in Sao Paulo, Brazil, as an internet-first platform in the financial technology sector. Currency exchange services are provided, including multi-currency cash passports and prepaid cards. Operations focus on digital solutions for international transactions, with headquarters located in Brazil to serve regional and global users in need of efficient foreign exchange options.
Who are the top competitors of Grupo Fitta?
Grupo Fitta's top competitors include Frente Corretora, confidence cambio and Zebra Cambio.
Who are Grupo Fitta's investors?
Grupo Fitta has 1 investor. Key investors include Western Union.
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