About Loop
Loop is a company based in London (United Kingdom) founded in 2020 by Michelangelo Mirko Giacco, Ankit Tharwani, and Paul Pester was acquired by Tandem in April 2023. It operates as a FinTech. The company has 4 employees as of March 31, 2022. Loop offers products and services including Loop App. Loop operates in a competitive market with competitors including Hope Macy, PaidYou, TABBit, Split The Bills and Splitbill, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Mar, 2022
- Founders Michelangelo Mirko Giacco, Ankit Tharwani, Paul Pester
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tandem Bank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
4
as on Mar 31, 2022
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Acquired by
Tandem
(Apr 05, 2023)
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Products & Services of Loop
Loop offers a comprehensive portfolio of products and services, including Loop App. 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.
Money sharing app for splitting, lending, borrowing easily.
Funding Insights of Loop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Loop
Loop has secured backing from 1 investor. Prominent investors backing the company include Tandem 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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Digital banking services for consumers are delivered through online platforms.
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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 Loop
| 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 - Loop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Loop Comparisons
Competitors of Loop
Loop 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 Hope Macy, PaidYou, TABBit, Split The Bills and Splitbill, 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 |
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| domain | founded_year | HQ Location |
Shared expense management is facilitated for individuals and supporters.
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| domain | founded_year | HQ Location |
A group expense management solution for personal and shared finances.
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| domain | founded_year | HQ Location |
App-based payment sharing solution
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| domain | founded_year | HQ Location |
Expense splitting app for schoolmates and housemates.
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| domain | founded_year | HQ Location |
An app-based platform for simple and efficient bill sharing among friends.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Loop
When was Loop founded?
Loop was founded in 2020.
Where is Loop located?
Loop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Loop?
Michelangelo Mirko Giacco is the current CEO of Loop. They have also founded this company.
How many employees does Loop have?
As of Mar 31, 2022, the latest employee count at Loop is 4.
What does Loop do?
Loop is created as a financial technology solution to facilitate money sharing among friends. It is designed to help users split expenses, lend, and borrow money seamlessly. The app is built to manage payments, send reminders, and settle transactions without hassle. It operates within the financial services sector, focusing on personal finance management. Loop is supported by various UK banks and ensures secure transactions using interbank systems. The service aims to eliminate awkward conversations around money by automating payment notifications.
Who are the top competitors of Loop?
Loop's top competitors include Hope Macy, Split The Bills and TABBit.
What products or services does Loop offer?
Loop offers Loop App.
Who are Loop's investors?
Loop has 1 investor. Key investors include Tandem Bank.
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