About Kit
Kit is a company based in Sydney (Australia) founded in 2022. It operates as a FinTech, and Subscription Services. Kit offers products and services including Kit App, Kit Card, and CommBank Youthsaver. Kit operates in a competitive market with competitors including Spriggy and Vasco Pay, among others.
- Headquarter Sydney, Australia
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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 Cba New Digital Businesses Pty Ltd
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Annual Revenue
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Net Profit
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Latest Funding Round
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Employee Count
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Products & Services of Kit
Kit offers a comprehensive portfolio of products and services, including Kit App, Kit Card, and CommBank Youthsaver. 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.
A pocket money app for kids' financial learning.
A card for kids to manage pocket money.
A savings account linked for earning interest.
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Funding Insights of Kit
| 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 |
Investments & Acquisitions by Kit
| 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 - Kit
| 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 |
Kit Comparisons
Competitors of Kit
Kit 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 Spriggy and Vasco Pay, 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 |
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| domain | founded_year | HQ Location |
Prepaid cards and apps are utilized for teenage expense management.
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| domain | founded_year | HQ Location |
Prepaid card targeted for students
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Kit
When was Kit founded?
Kit was founded in 2022.
Where is Kit located?
Kit is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What does Kit do?
Kit is created by CommBank to support financial education for children through a pocket money app and card. It operates in the digital banking sector, offering solutions for kids to earn, save, and spend wisely. Features include parental controls, spending limits, and integration with CommBank Youthsaver for interest-earning savings. The app is designed with safety and learning in focus, targeting families across Australia to build financial capability in young users.
What products or services does Kit offer?
Kit offers Kit App, Kit Card, and CommBank Youthsaver.