About Instant
Instant is a company based in Vancouver (Canada) founded in 2015.. Instant has raised $40.33 million across 7 funding rounds from investors including InComm, ITC Holdings and TTV Capital. Instant offers products and services including Instant Pay, Instant Tips, Instant Card, and Instant Miles. Instant operates in a competitive market with competitors including Clair, ZayZoon, Payfare and Marmot Benefits, among others.
- Headquarter Vancouver, Canada
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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 Instant Support A.S.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.33 M (USD)
in 7 rounds
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Latest Funding Round
$12.68 M (USD), Series B
Jul 07, 2023
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Investors
InComm
& 5 more
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Employee Count
Employee Count
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Products & Services of Instant
Instant offers a comprehensive portfolio of products and services, including Instant Pay, Instant Tips, Instant Card, and Instant Miles. 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.
Service for early wage access via payroll integration.
Platform for instant tip payouts to employees.
Card for accessing earned wages and making purchases.
System for instant mileage expense reimbursements.
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Funding Insights of Instant
Instant has successfully raised a total of $40.33M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $12.68 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 7
- Last Round Series B — $12.7M
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First Round
First Round
(03 Feb 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - Instant | Valuation | TTV Capital | |
| Jul, 2021 | Amount | Series A - Instant | Valuation | InComm |
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| Oct, 2019 | Amount | Series A - Instant | 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 Instant
Instant has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include InComm, ITC Holdings and TTV Capital. 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 by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage investments are made in US companies across key 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 Instant
| 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 - Instant
| 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 |
Instant Comparisons
Competitors of Instant
Instant 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 Clair, ZayZoon, Payfare and Marmot Benefits, 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 |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Provider of an online financial benefits platform for on-demand pay
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| domain | founded_year | HQ Location |
Online financial benefits platform for on-demand pay
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| domain | founded_year | HQ Location |
On-demand payment solutions are facilitated via an online platform.
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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 Instant
Frequently Asked Questions about Instant
When was Instant founded?
Instant was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Instant located?
Instant is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Instant a funded company?
Instant is a funded company, having raised a total of $40.33M across 7 funding rounds to date. The company's 1st funding round was a Series A of $11.93M, raised on Feb 03, 2016.
What does Instant do?
Instant was founded in 2015 in Vancouver, Canada, within the fintech sector. Operations focus on providing on-demand payment tools, including instant pay for claims, real-time balance verification, payment requests, tips handling, payment cards, and mileage tracking. Products such as Instant Pay, Instant Miles, and Instant Card are designed to support employee financial management for businesses. Services extend to both business and individual users across payment processing needs.
Who are the top competitors of Instant?
What products or services does Instant offer?
Instant offers Instant Pay, Instant Tips, Instant Card, and Instant Miles.
Who are Instant's investors?
Instant has 6 investors. Key investors include InComm, ITC Holdings, TTV Capital, ITC Capital Partners, and Kinetic Ventures.