About LowerMyBills
LowerMyBills is a company based in Santa Monica (United States) founded in 1999.. LowerMyBills has raised $11 million across 2 funding rounds from investors including Experian, Evercore and eCOMPANIES. LowerMyBills offers products and services including Mortgage Calculator, Mortgage Comparison, and Refinance Guides. LowerMyBills operates in a competitive market with competitors including Credit Karma, NerdWallet, QuinStreet, Raisin and LendingTree, among others.
- Headquarter Santa Monica, 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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- Legal Name Lmb Mortgage Services
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Products & Services of LowerMyBills
LowerMyBills offers a comprehensive portfolio of products and services, including Mortgage Calculator, Mortgage Comparison, and Refinance Guides. 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.
Tool to estimate monthly mortgage payments and affordability
Service for comparing lenders and mortgage options online
Guides explaining refinancing processes and benefits
Funding Insights of LowerMyBills
LowerMyBills has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in January 2001. 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 2
- Last Round Series B — $7.0M
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First Round
First Round
(16 Dec 1999)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2001 | Amount | Series B - LowerMyBills | Valuation |
investors |
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| Dec, 1999 | Amount | Series A - LowerMyBills | 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 LowerMyBills
LowerMyBills has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Experian, Evercore and eCOMPANIES. 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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M&A advisory, corporate strategy, and asset management services are provided.
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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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Venture capital is directed toward companies in multiple sectors.
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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 LowerMyBills
| 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 - LowerMyBills
| 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 |
Lowermybills Comparisons
Competitors of LowerMyBills
LowerMyBills 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 Credit Karma, NerdWallet, QuinStreet, Raisin and LendingTree, 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 |
Credit score checking and comparison platform for financial products
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App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Personal loans, credit cards, and savings products are compared online.
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| domain | founded_year | HQ Location |
Financial products are compared online to offer data-driven advisory services.
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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 LowerMyBills
When was LowerMyBills founded?
LowerMyBills was founded in 1999.
Where is LowerMyBills located?
LowerMyBills is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Is LowerMyBills a funded company?
LowerMyBills is a funded company, having raised a total of $11M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Dec 16, 1999.
What does LowerMyBills do?
Founded in 1999 in Santa Monica, United States, LowerMyBills operates as an online platform in the comparison sector for subscription-based utilities and financial products. Plans and rates are compiled and compared across services such as long-distance and cellular phone, Internet access, loans, credit cards, debt solutions, utilities, and insurance. Mortgage refinancing, home-equity loans, home-purchase loans, debt-consolidation loans, and auto loans are made available through the website.
Who are the top competitors of LowerMyBills?
LowerMyBills's top competitors include Credit Karma, NerdWallet and QuinStreet.
What products or services does LowerMyBills offer?
LowerMyBills offers Mortgage Calculator, Mortgage Comparison, and Refinance Guides.
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