About Magnetto
Magnetto is a company based in London (United Kingdom) founded in 2019.. Magnetto has raised $248.44 thousand across 1 funding round. Magnetto operates in a competitive market with competitors including ITAB, MishiPay, Jisp, Ubamarket and izipoint, among others.
- Headquarter London, United Kingdom
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Sectors
Retail
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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 Magnetto International Limited
- Date of Incorporation 30 Apr, 2019
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$248.44 K (USD)
in 1 rounds
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Latest Funding Round
$248.44 K (USD), Seed
Jul 25, 2021
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Investors
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Employee Count
Employee Count
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Funding Insights of Magnetto
Magnetto has successfully raised a total of $248.44K through 1 strategic funding round. The most recent funding activity was a Seed round of $248.44 thousand completed in July 2021. 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 1
- Last Round Seed — $248,443
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First Round
First Round
(25 Jul 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - Magnetto | 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 |
Investments & Acquisitions by Magnetto
| 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 - Magnetto
| 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 |
Magnetto Comparisons
Competitors of Magnetto
Magnetto 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 ITAB, MishiPay, Jisp, Ubamarket and izipoint, 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 |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
Mobile self-checkout solutions are offered to consumers via app.
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| domain | founded_year | HQ Location |
Mobile app providing vouchers, rewards, and discounts for in-store shopping.
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| domain | founded_year | HQ Location |
Mobile app-based self-checkout is provided for retail industries.
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| domain | founded_year | HQ Location |
Provides self-service kiosk solutions tailored for businesses.
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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 Magnetto
Frequently Asked Questions about Magnetto
When was Magnetto founded?
Magnetto was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Magnetto located?
Magnetto is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Magnetto a funded company?
Magnetto is a funded company, having raised a total of $248.44K across 1 funding round to date. The company's 1st funding round was a Seed of $248.44K, raised on Jul 25, 2021.
What does Magnetto do?
Magnetto was founded in 2019 in London, United Kingdom, as a platform in the retail technology sector. Mobile applications are utilized by customers to scan products, add items to a virtual cart, and complete payments through Mastercard, Visa, Apple Pay, or Google Pay. Access to stores is managed via automatic wickets after transactions, facilitating efficient self-service operations for participating retailers.