About Migo
Migo is a company based in San Francisco (United States) founded in 2014 was acquired by First Ally Capital in June 2025.. Migo has raised $38.24 million across 6 funding rounds from investors including Western Technology Investment, The Bank of Industry and Valor Capital Group. Migo offers products and services including Embedded Lending Platform, Personal Loans, and Buy Now Pay Later. Migo operates in a competitive market with competitors including Numerated, GreenSky, AutoFi, Fundation and Sparkfund, among others.
- Headquarter San Francisco, United States
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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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- Legal Name Migo Money, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.24 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 03, 2019
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Investors
Western Technology Investment
& 13 more
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Employee Count
Employee Count
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Acquired by
First Ally Capital
(Jun 11, 2025)
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Products & Services of Migo
Migo offers a comprehensive portfolio of products and services, including Embedded Lending Platform, Personal Loans, and Buy Now Pay Later. 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.
Enables credit services through APIs for partners
Provides loans in emerging markets for individuals
Allows deferred payments to boost sales risk-free
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Funding Insights of Migo
Migo has successfully raised a total of $38.24M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2019. 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 6
- Last Round Series B — $20.0M
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First Round
First Round
(10 Apr 2014)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series B - Migo | Valuation | Valor Capital Group | |
| Aug, 2018 | Amount | Series A - Migo | Valuation | The Rise Fund | |
| Oct, 2017 | Amount | Seed - Migo | 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 |
Investors in Migo
Migo has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Western Technology Investment, The Bank of Industry and Valor Capital Group. 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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Growth equity and venture capital are applied to tech sectors.
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Founded Year | Domain | Location | |
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Sector-agnostic VC investment company investing globally
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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 Migo
| 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 - Migo
| 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 |
Migo Comparisons
Competitors of Migo
Migo 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 Numerated, GreenSky, AutoFi, Fundation and Sparkfund, 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 |
Platform for digitizing credit policies
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| domain | founded_year | HQ Location |
Consumer financing is facilitated through a lending-as-a-service platform.
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| domain | founded_year | HQ Location |
Cloud-based loan management is provided for automobile financing.
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| domain | founded_year | HQ Location |
Small business loans are provided via an online lending platform.
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| domain | founded_year | HQ Location |
Subscription-based energy solutions are provided for commercial and industrial sectors.
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| domain | founded_year | HQ Location |
Diversified lending NBFI
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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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Frequently Asked Questions about Migo
When was Migo founded?
Migo was founded in 2014.
Where is Migo located?
Migo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Migo a funded company?
Migo is a funded company, having raised a total of $38.24M across 6 funding rounds to date. The company's 1st funding round was a Seed of $497K, raised on Apr 10, 2014.
What does Migo do?
Migo was founded in 2014 in San Francisco, United States, within the fintech sector. A cloud-based platform is operated to support loan origination processes for lenders. Credit options, traditional banking services, and payment card infrastructure are enabled through the platform. Credit lines are extended to consumers by participating lenders. Operations focus on streamlining lending activities in the financial services industry.
Who are the top competitors of Migo?
What products or services does Migo offer?
Migo offers Embedded Lending Platform, Personal Loans, and Buy Now Pay Later.
Who are Migo's investors?
Migo has 14 investors. Key investors include Western Technology Investment, The Bank of Industry, Valor Capital Group, The Rise Fund, and Velocity Capital Fintech Ventures.
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