About MoneyReef
MoneyReef is a company based in Provo (United States) founded in 2011 was acquired by MX in August 2012.. MoneyReef has raised $650 thousand across 1 funding round from investors including MX. MoneyReef operates in a competitive market with competitors including Zeta, PennyOwl, Status Money, ePOP and Good Budget, among others.
- Headquarter Provo, United States
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of MoneyReef
MoneyReef has successfully raised a total of $650K through 1 strategic funding round. The most recent funding activity was a Seed round of $650 thousand completed in January 2012. 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 — $650,000
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First Round
First Round
(10 Jan 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Seed - MoneyReef | 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 MoneyReef
MoneyReef has secured backing from 1 investor. Prominent investors backing the company include MX. 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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Data-driven analytics and open banking APIs are provided to businesses.
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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 MoneyReef
| 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 - MoneyReef
| 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 |
Moneyreef Comparisons
Competitors of MoneyReef
MoneyReef 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 Zeta, PennyOwl, Status Money, ePOP and Good Budget, 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 |
Financial solutions are offered by Zeta for couples and families.
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| domain | founded_year | HQ Location |
Mobile app to teach children about money management
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| domain | founded_year | HQ Location |
User finances are analyzed and optimized via a management platform.
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| domain | founded_year | HQ Location |
Digital receipt aggregation for individuals
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| domain | founded_year | HQ Location |
Income is allocated to categorized envelopes for mobile budgeting.
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| domain | founded_year | HQ Location |
Provides financial education and online transactions for teens.
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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 MoneyReef
When was MoneyReef founded?
MoneyReef was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is MoneyReef located?
MoneyReef is headquartered in Provo, United States. It is registered at Provo, Utah, United States.
Is MoneyReef a funded company?
MoneyReef is a funded company, having raised a total of $650K across 1 funding round to date. The company's 1st funding round was a Seed of $650K, raised on Jan 10, 2012.
What does MoneyReef do?
MoneyReef was established in 2011 in Provo, United States, within the fintech sector. Mobile applications were developed to assist users in managing personal finances and monitoring expenses. Operations focused on creating tools for expense tracking and financial oversight. The companys domain, moneyreef.com, supported these digital services, which were targeted at individual users seeking straightforward financial management solutions.
Who are the top competitors of MoneyReef?
MoneyReef's top competitors include Zeta, ePOP and Good Budget.
Who are MoneyReef's investors?
MoneyReef has 1 investor. Key investors include MX.