About Latitude Financial Services
Latitude Financial Services is a company based in Melbourne (Australia) founded in 2015.. Latitude Financial Services has raised $232.29 million across 2 funding rounds from investors including KKR and Shinsei Bank. Latitude Financial Services offers products and services including Credit Cards, Personal Loans, and Interest Free Deals. Latitude Financial Services operates in a competitive market with competitors including Afterpay, Nimble, Dynamoney, Qantas Money and Lombard, among others.
- Headquarter Melbourne, Australia
- Stage Public
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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
*********
- Legal Name Latitude Group Holdings Limited
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Annual Revenue
$693.76 M (USD)11.36as on Dec 31, 2024
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Net Profit
$13.38 M (USD)0as on Dec 31, 2024
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EBITDA
$467.6 M (USD)38.59as on Dec 31, 2024
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Total Equity Funding
$232.29 M (USD)
in 2 rounds
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Latest Funding Round
$232.29 M (USD), Series D
Mar 18, 2021
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Investors
KKR
& 1 more
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Employee Count
Employee Count
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IPO & Listings of Latitude Financial Services
Latitude Financial Services is a publicly listed company on the ASX with ticker symbol LFS in Australia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Latitude Financial Services
Latitude Financial Services offers a comprehensive portfolio of products and services, including Credit Cards, Personal Loans, and Interest Free Deals. 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.
Cards for rewards and balance transfers with flexible payments
Loans for personal needs like debt consolidation or purchases
Options for interest-free shopping with partnered retailers
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Funding Insights of Latitude Financial Services
Latitude Financial Services has successfully raised a total of $232.29M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $232.29 million completed in March 2021. 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 2
- Last Round Series D — $232.3M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series D - Latitude Financial Services | Valuation | Shinsei Bank |
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| Jun, 2015 | Amount | Seed - Latitude Financial Services | Valuation |
investors |
| 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 Latitude Financial Services
Latitude Financial Services has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR and Shinsei Bank. 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 are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Commercial banking services including loans, deposits, and investments are provided.
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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 Latitude Financial Services
| 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 - Latitude Financial Services
| 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 |
Latitude Financial Services Comparisons
Competitors of Latitude Financial Services
Latitude Financial Services 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 Afterpay, Nimble, Dynamoney, Qantas Money and Lombard, 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 |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Short-term loans are offered via an online platform.
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| domain | founded_year | HQ Location |
Provider of vehicle & equipment finance services
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| domain | founded_year | HQ Location |
Offers credit and travel card services.
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| domain | founded_year | HQ Location |
Credit cards are offered by Lombard Finance in Australia.
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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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Latest news on Latitude Financial Services
Frequently Asked Questions about Latitude Financial Services
When was Latitude Financial Services founded?
Latitude Financial Services was founded in 2015.
Where is Latitude Financial Services located?
Latitude Financial Services is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Latitude Financial Services?
Bob Belan is the current CEO of Latitude Financial Services.
Is Latitude Financial Services a funded company?
Latitude Financial Services is a funded company, having raised a total of $232.29M across 2 funding rounds to date.
What is the annual revenue of Latitude Financial Services?
Annual revenue of Latitude Financial Services is $693.76M as on Dec 31, 2024.
What does Latitude Financial Services do?
Latitude Financial Services was established in 2015 in Melbourne, Australia, focusing on the financial services sector. Consumer loans, including personal and vehicle financing, are offered through online and branch operations. Services are extended primarily to Australian residents, with headquarters in Melbourne supporting nationwide activities. Leadership roles of CEO and MD are held by Bob Belan and Ahmed Fahour. The domain latitudefinancial.com.au is utilized for digital access.
Who are the top competitors of Latitude Financial Services?
What products or services does Latitude Financial Services offer?
Latitude Financial Services offers Credit Cards, Personal Loans, and Interest Free Deals.
Is Latitude Financial Services publicly traded?
Yes, Latitude Financial Services is publicly traded on ASX under the ticker symbol LFS.
Who are Latitude Financial Services's investors?
Latitude Financial Services has 2 investors. Key investors include KKR, and Shinsei Bank.
What is Latitude Financial Services's ticker symbol?
The ticker symbol of Latitude Financial Services is LFS on ASX.