About Hi
Hi is a company based in Milton Keynes (United Kingdom) founded in 2020.. Hi has raised $5.6 million across 6 funding rounds from investors including NTT DATA and Ventura Capital. Hi operates in a competitive market with competitors including Liberis, YouLend, 365 Finance, TradeBridge and Reward Finance Group, among others.
- Headquarter Milton Keynes, United Kingdom
- Stage Minicorn
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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
*********
- Legal Name Hi55 Ventures Limited
- Date of Incorporation 07 May, 2020
- Jurisdiction MILTON KEYNES, UNITED KINGDOM
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Annual Revenue
$32.55 K (USD)19as on Dec 31, 2023
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Net Profit
$13.05 K (USD)40as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$5.6 M (USD)
in 6 rounds
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Latest Funding Round
$202.07 K (USD), Series A
Apr 12, 2023
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Investors
NTT DATA
& 1 more
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Employee Count
Employee Count
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Funding Insights of Hi
Hi has successfully raised a total of $5.6M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $202.07 thousand completed in April 2023. 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 6
- Last Round Series A — $202,072
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First Round
First Round
(10 Jun 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Hi | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - Hi | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Hi | 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 Hi
Hi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include NTT DATA and Ventura Capital. 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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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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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 Hi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Hi
| 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 |
Hi Comparisons
Competitors of Hi
Hi 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 Liberis, YouLend, 365 Finance, TradeBridge and Reward Finance Group, 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 |
Embedded finance solutions are provided for small businesses.
|
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| domain | founded_year | HQ Location |
Business loans are offered through an online lending platform.
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| domain | founded_year | HQ Location |
Business financing is provided via an online lending platform.
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| domain | founded_year | HQ Location |
Financing solutions and trading data are provided to e-commerce businesses.
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| domain | founded_year | HQ Location |
SME loans are provided to businesses in the United Kingdom.
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| domain | founded_year | HQ Location |
Private debt investment firm providing 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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Latest news on Hi
Frequently Asked Questions about Hi
When was Hi founded?
Hi was founded in 2020.
Where is Hi located?
Hi is headquartered in Milton Keynes, United Kingdom.
Is Hi a funded company?
Hi is a funded company, having raised a total of $5.6M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.1M, raised on Jun 10, 2020.
What is the annual revenue of Hi?
Annual revenue of Hi is $32.55K as on Dec 31, 2023.
What does Hi do?
Hi was founded in 2020 in Milton Keynes, United Kingdom, as an online platform in the fintech sector focused on payday loans. Employees are provided with early access to earned wages through partnerships with employers. A payment card is offered, where credit lines are updated according to the users wage data. Approved funds can be withdrawn by users for immediate use. Operations are centered on streamlining wage advances before paydays.
Who are Hi's investors?
Hi has 2 investors. Key investors include NTT DATA, and Ventura Capital.
What is Hi's valuation?
The valuation of Hi is $31.79M as of Apr 2023.
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