About Household Capital
Household Capital is a company based in Fitzroy (Australia) founded in 2016.. Household Capital has raised $37.6 million across 3 funding rounds from investors including Citi, Genworth and IFM Investors. Household Capital has completed 1 acquisition, including Pension Boost. Household Capital offers products and services including Household Loan, Pension Boost Service, and Home Equity Access Scheme. Household Capital operates in a competitive market with competitors including Myprosperity, Spirit Super, SuperEd, RAMS and Brighten Home Loans, among others.
- Headquarter Fitzroy, Australia
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Sectors
Financial ServicesTechnology
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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 Household Capital Pty Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.6 M (USD)
in 3 rounds
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Latest Funding Round
$37.6 M (USD), Series C
Oct 18, 2022
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Investors
Citi
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Household Capital
Household Capital offers a comprehensive portfolio of products and services, including Household Loan, Pension Boost Service, and Home Equity Access Scheme. 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.
Allows borrowing against home equity for retirement funding without repayments.
Helps access government schemes to enhance pension entitlements.
Enables unlocking home wealth through official programs for retirees.
Funding Insights of Household Capital
Household Capital has successfully raised a total of $37.6M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $37.6 million completed in October 2022. 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 C — $37.6M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series C - Household Capital | Valuation | Genworth |
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| Dec, 2021 | Amount | Debt – Conventional - Household Capital | Valuation |
investors |
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| Mar, 2020 | Amount | Series B - Household Capital | Valuation | Legal & General |
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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 Household Capital
Household Capital has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Genworth and IFM Investors. 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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Multiple sectors including healthcare are invested in by IFM Investors.
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Founded Year | Domain | Location | |
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Financial solutions for long-term care and insurance are provided by Genworth.
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Founded Year | Domain | Location | |
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Diversified financial services are offered through commercial banking operations.
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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 Household Capital
Household Capital has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pension Boost. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial, home loan, and pension services are provided.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Household Capital
| 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 |
Household Capital Comparisons
Competitors of Household Capital
Household Capital 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 Myprosperity, Spirit Super, SuperEd, RAMS and Brighten Home Loans, 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 |
Financial accounts are aggregated in a unified personal finance platform.
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| domain | founded_year | HQ Location |
Functions as an app-based platform for financial planning and wealth management.
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| domain | founded_year | HQ Location |
Online solutions for retirement planning and advice are offered.
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| domain | founded_year | HQ Location |
Home loans are provided by RAMS in Australia.
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| domain | founded_year | HQ Location |
Non-bank home and commercial loans are provided in Australia.
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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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Latest news on Household Capital
Frequently Asked Questions about Household Capital
When was Household Capital founded?
Household Capital was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Household Capital located?
Household Capital is headquartered in Fitzroy, Australia. It is registered at Fitzroy, Victoria, Australia.
Who is the current CEO of Household Capital?
Josh Funder is the current CEO of Household Capital.
Is Household Capital a funded company?
Household Capital is a funded company, having raised a total of $37.6M across 3 funding rounds to date.
What does Household Capital do?
Household Capital was established in 2016 and is based in Fitzroy, Australia. Operations center on the financial services sector, where home loans are offered to individuals and families. Services include residential financing options designed for the local market, with a focus on accessible housing support. The company is led by CEO and Managing Director Josh Funder, ensuring structured lending practices within the Australian context.
Who are the top competitors of Household Capital?
Household Capital's top competitors include Myprosperity, RAMS and SuperEd.
What products or services does Household Capital offer?
Household Capital offers Household Loan, Pension Boost Service, and Home Equity Access Scheme.
How many acquisitions has Household Capital made?
Household Capital has made 1 acquisition, including Pension Boost.
Who are Household Capital's investors?
Household Capital has 4 investors. Key investors include Citi, Genworth, IFM Investors, and Legal & General.