About iink
iink is a company based in Tampa (United States) founded in 2017 by Ryan Wetzel, Thomas McGrath, Ken Lollar, and Ryan Holliday.. iink has raised $19.05 million across 4 funding rounds from investors including Simplex Investments, Headline and Motley Fool Ventures. iink offers products and services including iink Wallet and iink Platform. iink operates in a competitive market with competitors including NovaData Solutions, Beam, Suppli, Dorothy and Truss, among others.
- Headquarter Tampa, United States
- Founders Ryan Wetzel, Thomas McGrath, Ken Lollar, Ryan Holliday
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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
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- Legal Name Iink, Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.05 M (USD)
in 4 rounds
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Latest Funding Round
$13.25 M (USD), Series A
Jul 03, 2023
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Investors
Simplex Investments
& 11 more
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Employee Count
Employee Count
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Products & Services of iink
iink offers a comprehensive portfolio of products and services, including iink Wallet and iink 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.
Tool for managing insurance claim payments via digital uploads.
System for remote check deposits and electronic signatures.
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Funding Insights of iink
iink has successfully raised a total of $19.05M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $13.25 million completed in July 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 4
- Last Round Series A — $13.2M
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First Round
First Round
(18 Mar 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - iink | Valuation | Headline | |
| Nov, 2022 | Amount | Seed - iink | Valuation | Grand Ventures | |
| May, 2022 | Amount | Debt – Conventional - iink | 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 iink
iink has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Simplex Investments, Headline and Motley Fool 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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Investments are made in early-stage tech startups across multiple sectors.
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Venture capital funding is provided to early-stage companies and entrepreneurs.
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Diversified investments are managed in enterprise technology sectors.
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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 iink
| 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 - iink
| 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 |
Iink Comparisons
Competitors of iink
iink 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 NovaData Solutions, Beam, Suppli, Dorothy and Truss, 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 |
Automated invoice review and processing for property claims is facilitated.
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| domain | founded_year | HQ Location |
Beam is recognized as a provider of construction management software and financial tools.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for construction companies.
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| domain | founded_year | HQ Location |
Dorothy is recognized for connecting policyholders with public adjusters.
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| domain | founded_year | HQ Location |
Truss is recognized as a financial technology company focused on construction banking.
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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 Iink
Frequently Asked Questions about iink
When was iink founded?
iink was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is iink located?
iink is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Who is the current CEO of iink?
Thomas McGrath is the current CEO of iink. They have also founded this company.
Is iink a funded company?
iink is a funded company, having raised a total of $19.05M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $6.6M, raised on Mar 18, 2022.
What does iink do?
Founded in 2017 and based in Tampa, United States, iink operates in the property insurance sector. A digital payment network is provided to facilitate efficient payouts for restoration professionals following insured property losses. Remote deposits, multi-party check capture, and electronic signatures are enabled, along with coordination involving mortgage companies. Tools for tracking check status and direct fund deposits to stakeholders are also included.
Who are the top competitors of iink?
iink's top competitors include Beam, Suppli and NovaData Solutions.
What products or services does iink offer?
iink offers iink Wallet and iink Platform.
Who are iink's investors?
iink has 12 investors. Key investors include Simplex Investments, Headline, Motley Fool Ventures, Chartline Capital Partners, and SilverCircle.
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