About Ingo Money
Ingo Money is a company based in Roswell (United States) founded in 2001 by Drew Edwards.. Ingo Money has raised $32.31 million across 7 funding rounds from investors including MissionOG, Camden Partners and Clark Enterprises. The company has 384 employees as of December 31, 2022. Ingo Money has completed 2 acquisitions, including Deposits and Fuze Network. Ingo Money offers products and services including INGO CHECK ALERT API, INGO CHECK PROTECT API, and INGO MOBILE CHECK CASHING SDK. Ingo Money operates in a competitive market with competitors including Checkbook, AP Technology, Fin3 Technologies, SnapCheck and Transmodus, among others.
- Headquarter Roswell, United States
- Employees 384 as on 31 Dec, 2022
- Founders Drew Edwards
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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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- Legal Name Ingo Money, Inc.
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Products & Services of Ingo Money
Ingo Money offers a comprehensive portfolio of products and services, including INGO CHECK ALERT API, INGO CHECK PROTECT API, and INGO MOBILE CHECK CASHING SDK. 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.
API to detect fraud in check deposits using customer data.
Provides real-time risk scores for secure check processing.
SDK for embedding check cashing in business mobile apps.
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Funding Insights of Ingo Money
Ingo Money has successfully raised a total of $32.31M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.95 million completed in November 2018. 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 7
- Last Round Debt – Conventional — $3.0M
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First Round
First Round
(18 Nov 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - Ingo Money | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Ingo Money | Valuation |
investors |
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| Jun, 2017 | Amount | Series C - Ingo Money | Valuation | MissionOG , Camden Partners |
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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 Ingo Money
Ingo Money has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include MissionOG, Camden Partners and Clark Enterprises. 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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Growth-stage US companies are invested in by MissionOG.
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Founded Year | Domain | Location | |
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Growth equity investments are made in lower middle market companies.
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Founded Year | Domain | Location | |
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Wealth is managed for the Clark family by Clark Enterprises.
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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 Ingo Money
Ingo Money has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Deposits and Fuze Network. 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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Embedded banking infrastructure and payment solutions are provided for businesses.
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2021 | ||||
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Cash payment with payment processing
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2009 |
| 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 - Ingo 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 |
Ingo Money Comparisons
Competitors of Ingo Money
Ingo 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 Checkbook, AP Technology, Fin3 Technologies, SnapCheck and Transmodus, 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 |
Digital check solutions are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Enterprise payments processing software for checks,e-checks and ACH payments
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| domain | founded_year | HQ Location |
Blockchain or web3 infrastructure and applications for financial services
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| domain | founded_year | HQ Location |
E-Checks are facilitated for business payment processing.
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| domain | founded_year | HQ Location |
ACH and card payment solutions are provided for businesses.
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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 Ingo Money
Frequently Asked Questions about Ingo Money
When was Ingo Money founded?
Ingo Money was founded in 2001 and raised its 1st funding round 12 years after it was founded.
Where is Ingo Money located?
Ingo Money is headquartered in Roswell, United States.
Who is the current CEO of Ingo Money?
Drew Edwards is the current CEO of Ingo Money. They have also founded this company.
Is Ingo Money a funded company?
Ingo Money is a funded company, having raised a total of $32.31M across 7 funding rounds to date. The company's 1st funding round was a Series C of $7.03M, raised on Nov 18, 2013.
How many employees does Ingo Money have?
As of Dec 31, 2022, the latest employee count at Ingo Money is 384.
What does Ingo Money do?
Ingo Money facilitates check processing services for users. Once a user uploads the image of the check in the app, Ingo processes and approves the check and then transfers the money to the users Ingo affiliated pre-paid card. It provides facility to process the check in a span of minutes for a fee of 5 or in 10 days for free. The check size can be in the range of 5 to 2,500 with a limit on deposit of 10,000 per month. Ingo has tied up with First Century Bank which provides check funding services.
Who are the top competitors of Ingo Money?
Ingo Money's top competitors include Checkbook, AP Technology and Fin3 Technologies.
What products or services does Ingo Money offer?
Ingo Money offers INGO CHECK ALERT API, INGO CHECK PROTECT API, and INGO MOBILE CHECK CASHING SDK.
How many acquisitions has Ingo Money made?
Ingo Money has made 2 acquisitions, including Deposits, and Fuze Network.
Who are Ingo Money's investors?
Ingo Money has 3 investors. Key investors include MissionOG, Camden Partners, and Clark Enterprises.