About L.O.A.F.
L.O.A.F. is a company based in London (United Kingdom) founded in 2013.. L.O.A.F. has raised $250 thousand across 1 funding round from investors including Premia Capital. L.O.A.F. offers products and services including Fair Credit Services and Financial Platform. L.O.A.F. operates in a competitive market with competitors including Wonga, Moneyboat, Dot Dot Loans, Swift Sterling and Moneyline, among others.
- Headquarter London, United Kingdom
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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 Premia Capital International Ltd
- Date of Incorporation 11 Mar, 2013
- Jurisdiction TEDDINGTON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 1 rounds
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Latest Funding Round
$250 K (USD), Seed
Jan 28, 2013
- Investors
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Employee Count
Employee Count
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Products & Services of L.O.A.F.
L.O.A.F. offers a comprehensive portfolio of products and services, including Fair Credit Services and Financial 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.
Delivers ethical credit options to prevent high-cost traps for vulnerable consumers.
Supports access to reasonable credit through trust-based and social lending models.
Funding Insights of L.O.A.F.
L.O.A.F. has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in January 2013. 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 1
- Last Round Seed — $250,000
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First Round
First Round
(28 Jan 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2013 | Amount | Seed - L.O.A.F. | 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 L.O.A.F.
L.O.A.F. has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Premia 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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Premia Capital is engaged in commercial real estate investment and development.
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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 L.O.A.F.
| 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 - L.O.A.F.
| 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 |
L.O.A.F. Comparisons
Competitors of L.O.A.F.
L.O.A.F. 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 Wonga, Moneyboat, Dot Dot Loans, Swift Sterling and Moneyline, 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 |
Offers quick online loans, installment options, and financial assistance for individuals.
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| domain | founded_year | HQ Location |
Offers short-term loans from £200 to £1,500 with flexible repayment options.
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| domain | founded_year | HQ Location |
Provides online brokerage for short-term loans to UK individuals.
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| domain | founded_year | HQ Location |
Provides online brokerage for payday loans and financial services in the UK.
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| domain | founded_year | HQ Location |
Short-term loans are provided to UK customers by Moneyline.
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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 L.O.A.F.
When was L.O.A.F. founded?
L.O.A.F. was founded in 2013.
Where is L.O.A.F. located?
L.O.A.F. is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is L.O.A.F. a funded company?
L.O.A.F. is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Jan 28, 2013.
What does L.O.A.F. do?
L.O.A.F. was established in 2013 in London, United Kingdom, within the lending sector. Short-term payday loans, known as slice loans, are provided for up to 21 days. Borrowers must select at least two friends to form a slice, where individual responsibility for repayment is maintained, yet collective oversight of the groups loans is encouraged through the platform at leanonafriend.com.
Who are the top competitors of L.O.A.F.?
What products or services does L.O.A.F. offer?
L.O.A.F. offers Fair Credit Services and Financial Platform.
Who are L.O.A.F.'s investors?
L.O.A.F. has 1 investor. Key investors include Premia Capital.