About Hip Money
Hip Money is a Financial Services company based in Brisbane (Australia) founded in 2017, and was acquired by Frollo in September 2019. Provider of banking APIs for open banking platform. Hip Money offers products and services including Frollo App, CDR Gateway, Financial Passport, Money Management Platform, and Data Holder Testing Platform. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its competitors include Frollo, Basiq and Waave; 1 of its 3 listed competitors has raised funding.
Company details
Hip Money was founded in 2017 in Brisbane, Australia, within the fintech sector focused on open banking. Banking APIs are supplied to enable platform-based services through open APIs and consumer data rights (CDRs). Operations include CDR data collection, data enrichment via APIs, and a money management platform, supporting white-label app development for users in the Australian market.
- Headquarters Brisbane, Australia
- Stage Acquired
- SectorsFinancial Services
- Website hipmoney.com.au
- Social LinkedIn X
- Acquired by Frollo (Sep 2019)
Products & Services of Hip Money
Hip Money offers a comprehensive portfolio of products and services, including Frollo App, CDR Gateway, Financial Passport, Money Management Platform, and Data Holder Testing Platform.
Mobile app for users to track and manage personal finances securely.
Platform for Open Banking data exchange and transformation processes.
Tool for faster and more accurate credit decision-making.
System to enhance customer loyalty through personalized financial insights.
Platform for ensuring Open Banking data holder compliance.
Portal to leverage product reference data for competitive edge.
Investors in Hip Money
Hip Money has secured backing from 1 investor. Prominent investors backing the company include Frollo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based open banking API solutions are provided to banks. | 2015 | frollo.com.au | Sydney, Australia |
Investor details for Hip Money
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Timeline of Hip Money
2 dated milestones of Hip Money across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Hip Money is founded.
- Exit Acquired by Frollo.
Competitors of Hip Money
Hip Money has 3 listed competitors in our database, 1 of them funded. They include Frollo, Basiq and Waave.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| frollo.com.au | 2015 | Sydney, Australia | Cloud-based open banking API solutions are provided to banks. | |||
| basiq.io | 2016 | Sydney, Australia | Financial data is aggregated through APIs for open banking services. | |||
| waave.com | 2022 | Sydney, Australia | $4.7M | Merchant payments are facilitated via open banking technology. |
Detailed competitors of Hip Money
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Related news about Hip Money
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Frequently Asked Questions about Hip Money
Hip Money was founded in 2017.
Hip Money is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Hip Money was founded in 2017 in Brisbane, Australia, within the fintech sector focused on open banking. Banking APIs are supplied to enable platform-based services through open APIs and consumer data rights (CDRs). Operations include CDR data collection, data enrichment via APIs, and a money management platform, supporting white-label app development for users in the Australian market.
Hip Money offers Frollo App, CDR Gateway, Financial Passport, Money Management Platform, and 2 more products and services.
Hip Money has 1 investor. Key investors include Frollo.
Yes. Hip Money was acquired by Frollo in September 2019.