About Hip Money
Hip Money is a company based in Brisbane (Australia) founded in 2017 was acquired by Frollo in September 2019.. Hip Money offers products and services including Frollo App, CDR Gateway, Financial Passport, Money Management Platform, and Data Holder Testing Platform. Hip Money operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Frollo and Basiq, among others.
- Headquarter Brisbane, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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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. 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.
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.
Funding Insights of Hip Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Hip Money
Hip Money has secured backing from 1 investor. Prominent investors backing the company include Frollo. 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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Cloud-based open banking API solutions are provided to banks.
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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 Hip Money
| 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 - Hip Money
| 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 |
Hip Money Comparisons
Competitors of Hip Money
Hip Money 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 M2P Fintech, Prime Trust, AuthBridge, Frollo and Basiq, 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 |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Cloud-based open banking API solutions are provided to banks.
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| domain | founded_year | HQ Location |
Financial data is aggregated through APIs for open banking services.
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| domain | founded_year | HQ Location |
Volt is recognized as a provider of real-time payment solutions globally.
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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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Frequently Asked Questions about Hip Money
When was Hip Money founded?
Hip Money was founded in 2017.
Where is Hip Money located?
Hip Money is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
What does Hip Money do?
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.
Who are the top competitors of Hip Money?
Hip Money's top competitors include M2P Fintech, AuthBridge and Volt.
What products or services does Hip Money offer?
Hip Money offers Frollo App, CDR Gateway, Financial Passport, Money Management Platform, and 2 more products and services.
Who are Hip Money's investors?
Hip Money has 1 investor. Key investors include Frollo.