About LoanGarage
LoanGarage is a Financial Services company based in Singapore (Singapore) founded in 2012, and was acquired by MoneySmart in June 2014. An aggregator for loans in Singapore and Indonesia. The company was acqui-hired. Its focus areas include FinTech, Alternative Lending, Lead Generation Platforms and Loan Comparison Platforms. Its competitors include MoneySmart Group, GoBear and SingSaver; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsFinancial Services
- Website loangarage.com
- Social LinkedIn X Facebook
- Acquired by MoneySmart (Jun 2014)
- InvestorsSW3 Capital
& 1 more
- Acquired byMoneySmart
(Jun 2014)
Funding Insights of LoanGarage
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of LoanGarage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2013 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in LoanGarage
LoanGarage has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SW3 Capital and MoneySmart.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Real estate investments are managed by SW3 Capital expertly. | 2012 | sw3capital.com | London, United Kingdom | |
MoneySmart is operated as a financial product comparison platform. | 2009 | moneysmart.sg | Singapore, Singapore |
Investor details for LoanGarage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of LoanGarage
3 dated milestones of LoanGarage across 2 years, from founding to its latest funding, stage changes and deals.
- Founded LoanGarage is founded.
- Funding First funding round.
- Exit Acquired by MoneySmart.
Competitors of LoanGarage
LoanGarage has 3 listed competitors in our database, 2 of them funded. They include MoneySmart Group, GoBear and SingSaver.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneysmart.com | 2009 | Singapore | $12.38M | Financial comparison and advisory services are offered to consumers. | ||
| gobear.com | 2014 | Singapore | $97M | Financial products including credit cards and loans are compared online. | ||
| singsaver.com.sg | 2015 | Singapore | Financial products comparison platform |
Detailed competitors of LoanGarage
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about LoanGarage
LoanGarage was founded in 2012 and raised its 1st funding round 1 year after it was founded.
LoanGarage is headquartered in Singapore, Singapore.
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.
LoanGarage's top competitors include MoneySmart Group, GoBear and SingSaver.
LoanGarage has 2 investors. Key investors include SW3 Capital, and MoneySmart.
Yes. LoanGarage was acquired by MoneySmart in June 2014.