About LoanGarage
LoanGarage is a company based in Singapore (Singapore) founded in 2012 was acquired by MoneySmart in June 2014.. LoanGarage operates in a competitive market with competitors including MoneySmart Group, GoBear, SingSaver, Finty and One Hour Loan, among others.
- Headquarter Singapore, Singapore
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
SW3 Capital
& 1 more
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Employee Count
Employee Count
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Acquired by
MoneySmart
(Jun 01, 2014)
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Funding Insights of LoanGarage
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Seed - LoanGarage | 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 LoanGarage
LoanGarage has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SW3 Capital and MoneySmart. 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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Real estate investments are managed by SW3 Capital expertly.
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Founded Year | Domain | Location | |
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MoneySmart is operated as a financial product comparison platform.
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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 LoanGarage
| 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 - LoanGarage
| 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 |
Loangarage Comparisons
Competitors of LoanGarage
LoanGarage 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 MoneySmart Group, GoBear, SingSaver, Finty and One Hour Loan, 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 |
Financial comparison and advisory services are offered to consumers.
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| domain | founded_year | HQ Location |
Financial products including credit cards and loans are compared online.
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| domain | founded_year | HQ Location |
Financial products comparison platform
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| domain | founded_year | HQ Location |
Aggregator of financial products
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| domain | founded_year | HQ Location |
Platform for comparing interest rates from licensed moneylenders in Singapore.
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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 LoanGarage
When was LoanGarage founded?
LoanGarage was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is LoanGarage located?
LoanGarage is headquartered in Singapore, Singapore.
What does LoanGarage do?
Loangarage is a mobile app which is a market place for the lenders and banks (loan providers). It allows the user to compare the loan rates available and also show the status of their loan application. Revenue model is to charge a commission from the lender and none from the end user. Started in Singapore, Loangarage expanded to Indonesia as well under the name of KreditAja.com. It is acquired by moneysmart.com for an undisclosed amount.
Who are the top competitors of LoanGarage?
LoanGarage's top competitors include MoneySmart Group, GoBear and Finty.
Who are LoanGarage's investors?
LoanGarage has 2 investors. Key investors include SW3 Capital, and MoneySmart.
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