Halfmore

Palo Alto, United States Founded: 2023 • Age: 3 yrs
Fintech platform utilized for family savings and child earnings.
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About Halfmore

Halfmore is a company based in Palo Alto (United States) founded in 2023 by Jaebum Lee. It operates as a FinTech, and Subscription Services. Halfmore has raised $1.15 million across 1 funding round. Halfmore offers products and services including Custodial Roth IRA. Halfmore operates in a competitive market with competitors including Backer, UNest, EarlyBird, Gradvisor and SavvyFi, among others.

  • Headquarter Palo Alto, United States
  • Founders Jaebum Lee
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Halfmore, Inc.
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $1.15 M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.15 M (USD), Seed

    Mar 14, 2024

  • Investors
  • Employee Count
    Employee Count
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Products & Services of Halfmore

Halfmore offers a comprehensive portfolio of products and services, including Custodial Roth IRA. 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.

Primary

A custodial Roth IRA is offered for children.

Funding Insights of Halfmore

Halfmore has successfully raised a total of $1.15M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.15 million completed in March 2024. 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 Rounds 1
  • Last Round Seed — $1.1M
  • First Round

    (14 Mar 2024)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Mar, 2024 Amount Seed - Halfmore Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Halfmore

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Halfmore

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Halfmore Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of Halfmore

Halfmore 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 Backer, UNest, EarlyBird, Gradvisor and SavvyFi, 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
Backer
domain founded_year HQ Location
College savings plans are managed via an online platform.
UNest
domain founded_year HQ Location
Children's future savings are enabled via an app-based platform.
EarlyBird
domain founded_year HQ Location
Goal-based savings and investments for children's futures are facilitated online.
Gradvisor
domain founded_year HQ Location
Employer-enabled savings management platform for education
SavvyFi
domain founded_year HQ Location
Goal-based savings plans for children's college education are provided.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Halfmore

Frequently Asked Questions about Halfmore

When was Halfmore founded?

Halfmore was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Halfmore located?

Halfmore is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.

Who is the current CEO of Halfmore?

Lee Ju-hyun is the current CEO of Halfmore.

Is Halfmore a funded company?

Halfmore is a funded company, having raised a total of $1.15M across 1 funding round to date. The company's 1st funding round was a Seed of $1.15M, raised on Mar 14, 2024.

What does Halfmore do?

Halfmore is engaged in offering financial technology solutions through custodial Roth IRAs for children. Services are provided to help parents convert household tasks into IRS-compliant income for their children. The platform is designed to establish legal employment relationships, handle payroll, and ensure compliance with tax regulations. Contributions are routed to major brokerage firms like Fidelity and Vanguard. The company operates in multiple U.S. states, targeting busy parents with a user-friendly setup process. Financial education and long-term security are emphasized as key benefits for users.

Who are the top competitors of Halfmore?

Halfmore's top competitors include Backer, EarlyBird and UNest.

What products or services does Halfmore offer?

Halfmore offers Custodial Roth IRA.

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