About HoneyBee
HoneyBee is a company based in San Francisco (United States) founded in 2015 by Ennie Lim and Benny Yiu.. HoneyBee has raised $5.7 million across 3 funding rounds from investors including Community Investment Management, ff Venture Capital and Resolute Ventures. HoneyBee offers products and services including Honey Funds, Honey Academy, and Honey Therapy. HoneyBee operates in a competitive market with competitors including DailyPay, Earnin, Branch, PayActiv and Clair, among others.
- Headquarter San Francisco, United States
- Founders Ennie Lim, Benny Yiu
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Honeybee Financial Wellness
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.7 M (USD)
in 3 rounds
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Latest Funding Round
$5.7 M (USD), Series A
Sep 07, 2021
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Investors
Community Investment Management
& 7 more
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Employee Count
Employee Count
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Products & Services of HoneyBee
HoneyBee offers a comprehensive portfolio of products and services, including Honey Funds, Honey Academy, and Honey Therapy. 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.
Provides no-cost funds for debt and expense management.
Delivers webinars on financial literacy for employees.
Offers sessions to help achieve financial goals.
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Funding Insights of HoneyBee
HoneyBee has successfully raised a total of $5.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.7 million completed in September 2021. 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 3
- Last Round Series A — $5.7M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Debt – Conventional - HoneyBee | Valuation |
investors |
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| Sep, 2021 | Amount | Series A - HoneyBee | Valuation | ff Venture Capital | |
| Jun, 2017 | Amount | Seed - HoneyBee | Valuation |
investors |
| 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 HoneyBee
HoneyBee has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Community Investment Management, ff Venture Capital and Resolute Ventures. 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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Diversified investment management services are offered to clients.
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Founded Year | Domain | Location | |
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Early-stage technology-enabled companies are invested in by ff Venture Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided to founders.
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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 HoneyBee
| 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 - HoneyBee
| 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 |
Honeybee Comparisons
Competitors of HoneyBee
HoneyBee 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 DailyPay, Earnin, Branch, PayActiv and Clair, 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 |
Developer of an online platform for employee financial benefits
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Prepaid corporate cards are offered for on-demand employee wage access.
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| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
E-commerce company that allows customers to finance purchases through payroll deduction.
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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 HoneyBee
When was HoneyBee founded?
HoneyBee was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is HoneyBee located?
HoneyBee is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is HoneyBee a funded company?
HoneyBee is a funded company, having raised a total of $5.7M across 3 funding rounds to date.
What does HoneyBee do?
HoneyBee was founded in 2015 in San Francisco, United States, within the fintech sector. An online platform is operated to enable employees to manage expenses, add credit balances, request loans, and apply for short-term options. Fixed-fee, zero-interest loans are offered to employees at companies providing vacation or paid time off. Services are delivered digitally to support wage-based financial needs.
Who are the top competitors of HoneyBee?
What products or services does HoneyBee offer?
HoneyBee offers Honey Funds, Honey Academy, and Honey Therapy.
Who are HoneyBee's investors?
HoneyBee has 8 investors. Key investors include Community Investment Management, ff Venture Capital, Resolute Ventures, Afore Capital, and Rebalance Capital.