About LoanHero
LoanHero is a company based in San Diego (United States) founded in 2014 was acquired by LendingPoint in January 2018.. LoanHero has raised $5.18 million across 6 funding rounds from investors including LendingPoint, Alsop Louie Partners and Mucker. LoanHero operates in a competitive market with competitors including Tabby, Affirm, Afterpay, Zip and Klarna, among others.
- Headquarter San Diego, United States
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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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Total Equity Funding
$5.18 M (USD)
in 6 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Jan 20, 2016
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Investors
LendingPoint
& 2 more
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Employee Count
Employee Count
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Acquired by
LendingPoint
(Jan 11, 2018)
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Funding Insights of LoanHero
LoanHero has successfully raised a total of $5.18M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in January 2016. 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 6
- Last Round Seed — $2.5M
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First Round
First Round
(01 Apr 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - LoanHero | Valuation | Alsop Louie Partners , Mucker |
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| Sep, 2015 | Amount | Seed - LoanHero | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - LoanHero | Valuation |
investors |
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| 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 LoanHero
LoanHero has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include LendingPoint, Alsop Louie Partners and Mucker. 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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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Founded Year | Domain | Location | |
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Accelerator and venture capital firm
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Founded Year | Domain | Location | |
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Personal loans are facilitated through an online marketplace 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 LoanHero
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - LoanHero
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loanhero Comparisons
Competitors of LoanHero
LoanHero 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 Tabby, Affirm, Afterpay, Zip and Klarna, 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 |
Purchase financing solutions are offered to businesses via installment payments.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Point-of-sale financing is provided for various consumer products via installments.
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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 Loanhero
Frequently Asked Questions about LoanHero
When was LoanHero founded?
LoanHero was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is LoanHero located?
LoanHero is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is LoanHero a funded company?
LoanHero is a funded company, having raised a total of $5.18M across 6 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on Apr 01, 2015.
What does LoanHero do?
LoanHero was founded in 2014 in San Diego, United States, operating as a fintech platform in the loan origination sector. Technological infrastructure is utilized to allow customers to check credit ratings and access loan products from providers. Merchants are supported in accelerating sales by offering financing options to consumers. Debt financing commitments totaling 20 million were secured in June 2015.
Who are the top competitors of LoanHero?
Who are LoanHero's investors?
LoanHero has 3 investors. Key investors include LendingPoint, Alsop Louie Partners, and Mucker.
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