About Lumi
Lumi is a company based in Bondi (Australia) founded in 2018. It operates as a FinTech, and Commission-Based. Lumi has raised $39.5 million across 5 funding rounds from investors including Harel Group, Perennial Partners and Arbel Finance. Lumi offers products and services including Business Line of Credit and Business Loan. Lumi operates in a competitive market with competitors including Moula, Butn, Pepper Money, Stratton Finance and ClickCapital, among others.
- Headquarter Bondi, Australia
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Sectors
Financial Services
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Email
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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
$39.5 M (USD)
in 5 rounds
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Latest Funding Round
$15 M (USD), Series C
Jul 20, 2023
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Investors
Harel Group
& 4 more
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Employee Count
Employee Count
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Products & Services of Lumi
Lumi offers a comprehensive portfolio of products and services, including Business Line of Credit and Business Loan. 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.
Flexible credit access is provided for business needs.
Customizable loans are offered with flexible repayment terms.
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Funding Insights of Lumi
Lumi has successfully raised a total of $39.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in July 2023. 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 5
- Last Round Series C — $15.0M
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First Round
First Round
(15 Nov 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - Lumi | Valuation | Harel Group , Stellan Capital | |
| Feb, 2022 | Amount | Series B - Lumi | Valuation | Perennial | |
| May, 2019 | Amount | Series A - Lumi | Valuation | FollowTheSeed |
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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 Lumi
Lumi has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Harel Group, Perennial Partners and Arbel Finance. 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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Investment management services are offered by Arbel Finance in Israel.
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Founded Year | Domain | Location | |
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A global data-driven venture capital firm focused on innovation.
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Founded Year | Domain | Location | |
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Financial services are provided in investment and insurance sectors.
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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 Lumi
| 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 - Lumi
| 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 |
Lumi Comparisons
Competitors of Lumi
Lumi 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 Moula, Butn, Pepper Money, Stratton Finance and ClickCapital, 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.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lumi
Frequently Asked Questions about Lumi
When was Lumi founded?
Lumi was founded in 2018.
Where is Lumi located?
Lumi is headquartered in Bondi, Australia. It is registered at Bondi, New South Wales, Australia.
Is Lumi a funded company?
Lumi is a funded company, having raised a total of $39.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Nov 15, 2018.
What does Lumi do?
Business financing solutions are offered by Lumi, focusing on fast and flexible loans and lines of credit. Services are tailored for small and medium enterprises across various industries. Innovative technology, including AI-powered risk engines, is utilized to ensure quick credit decisions and fair lending practices. Partnerships with brokers and platforms are facilitated to embed funding solutions, supporting business growth and scalability.
Who are the top competitors of Lumi?
Lumi's top competitors include Butn, Moula and Pepper Money.
What products or services does Lumi offer?
Lumi offers Business Line of Credit and Business Loan.
Who are Lumi's investors?
Lumi has 5 investors. Key investors include Harel Group, Perennial Partners, Arbel Finance, Stellan Capital, and FollowTheSeed.
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