About Meniga
Meniga is a company based in Stockholm (Sweden) founded in 2009 by Asgeir Orn Asgeirsson.. Meniga has raised $67.4 million across 11 funding rounds from investors including Swedbank, UniCredit and Groupe BPCE. The company has 95 employees as of March 31, 2021. Meniga has completed 1 acquisition, including Wrapp. Meniga offers products and services including Enrichment, Insights, Finance Management, and Smart Savings. Meniga operates in a competitive market with competitors including Subaio, Quiltt, Constellation, FinGoal and Moneythor, among others.
- Headquarter Stockholm, Sweden
- Employees 95 as on 31 Mar, 2021
- Founders Asgeir Orn Asgeirsson
- Stage Minicorn
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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
*********
- Legal Name Meniga Limited
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Annual Revenue
$15.12 M (USD)-1as on Mar 31, 2021
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Net Profit
$-9.6 M (USD)-35as on Mar 31, 2021
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EBITDA
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Total Equity Funding
$67.4 M (USD)
in 11 rounds
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Latest Funding Round
$16.18 M (USD), Series D
Dec 13, 2023
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Investors
Swedbank
& 14 more
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Employee Count
95
as on Mar 31, 2021
- Investments & Acquisitions
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Products & Services of Meniga
Meniga offers a comprehensive portfolio of products and services, including Enrichment, Insights, Finance Management, and Smart Savings. 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.
Enriches transaction data for personalized banking insights.
Delivers hyper-personalized financial advice for customers.
Manages cashflow and savings through data-driven features.
Automates savings to help users build financial habits.
Funding Insights of Meniga
Meniga has successfully raised a total of $67.4M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $16.18 million completed in December 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 11
- Last Round Series D — $16.2M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - Meniga | Valuation | Groupe BPCE , Agricultural Credit | |
| Mar, 2021 | Amount | Series C - Meniga | Valuation | Velocity Capital , Frumtak Ventures | |
| May, 2020 | Amount | Series C - Meniga | Valuation | Groupe BPCE |
| 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 Meniga
Meniga has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Swedbank, UniCredit and Groupe BPCE. 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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Venture capital investments are made in innovative Icelandic startups.
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location | |
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Fintech companies are funded by Velocity Capital Fintech Ventures.
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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 Meniga
Meniga has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wrapp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Card-linked coalition loyalty program is delivered via mobile app.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Meniga
| 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 |
Meniga Comparisons
Competitors of Meniga
Meniga 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 Subaio, Quiltt, Constellation, FinGoal and Moneythor, 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 |
White-label subscription management is provided for retail banks.
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| domain | founded_year | HQ Location |
Wealth data is aggregated for bill tracking, budgeting, and alerting.
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| domain | founded_year | HQ Location |
Financial management solutions are offered to banks and credit unions.
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| domain | founded_year | HQ Location |
Personal financial management solution
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| domain | founded_year | HQ Location |
Banking software for personal finance insights is developed.
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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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Latest news on Meniga
Frequently Asked Questions about Meniga
When was Meniga founded?
Meniga was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Meniga located?
Meniga is headquartered in Stockholm, Sweden.
Who is the current CEO of Meniga?
Dheeraj Soni is the current CEO of Meniga.
Is Meniga a funded company?
Meniga is a funded company, having raised a total of $67.4M across 11 funding rounds to date. The company's 1st funding round was a Series C of $9.34M, raised on Jun 01, 2010.
How many employees does Meniga have?
As of Mar 31, 2021, the latest employee count at Meniga is 95.
What is the annual revenue of Meniga?
Annual revenue of Meniga is $15.12M as on Mar 31, 2021.
What does Meniga do?
Meniga was founded in 2009 in Stockholm, Sweden, within the fintech sector. Personal finance management tools are offered to banks, integrated directly with existing platforms. Customer relationships are strengthened through enhanced account visibility, enabling cross-selling opportunities and efforts to attract deposits and new business. Machine learning is employed to deliver data-driven features in digital banking services.
Who are the top competitors of Meniga?
Meniga's top competitors include Constellation, FinGoal and Moneythor.
What products or services does Meniga offer?
Meniga offers Enrichment, Insights, Finance Management, and Smart Savings.
How many acquisitions has Meniga made?
Meniga has made 1 acquisition, including Wrapp.
Who are Meniga's investors?
Meniga has 15 investors. Key investors include Swedbank, UniCredit, Groupe BPCE, Islandsbanki, and Anthemis Group.
What is Meniga's valuation?
The valuation of Meniga is $37.7M as of Apr 2017.
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