About Moneytech
Moneytech is a company based in Sydney (Australia) founded in 2003 was acquired by Source Financial in June 2013.. Moneytech has raised $20 million across 2 funding rounds from investors including Source Financial, Colinton Capital Partners and 248 Growth Partners. Moneytech offers products and services including Debtor Finance, Trade Finance, Equipment Finance, Term Loan Finance, and Line of Credit. Moneytech operates in a competitive market with competitors including Timelio, Waddle, Shengye Capital, Grapple and crossinx, among others.
- Headquarter Sydney, 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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- Legal Name Moneytech Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 29, 2021
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Investors
Source Financial
& 2 more
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Employee Count
Employee Count
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Acquired by
Source Financial
(Jun 03, 2013)
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Products & Services of Moneytech
Moneytech offers a comprehensive portfolio of products and services, including Debtor Finance, Trade Finance, Equipment Finance, Term Loan Finance, and Line of Credit. 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.
Helps businesses access funds from customer invoices quickly.
Assists in managing supply chain payments and transactions efficiently.
Provides funding for acquiring business equipment to support growth.
Offers loans using property equity for business expansion needs.
Enables flexible borrowing to manage business cash flow effectively.
Funding Insights of Moneytech
Moneytech has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 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 2
- Last Round Series B — $20.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Moneytech | Valuation | Colinton Capital Partners | |
| Jun, 2016 | Amount | Private Equity Round - Moneytech | 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 Moneytech
Moneytech has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Source Financial, Colinton Capital Partners and 248 Growth Partners. 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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Colinton Capital Partners is focused on mid-market investment solutions.
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Founded Year | Domain | Location | |
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Investment services are provided to growth-stage Australian companies.
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Founded Year | Domain | Location | |
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Financial services are offered by Source Financial since 1997.
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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 Moneytech
| 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 - Moneytech
| 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 |
Moneytech Comparisons
Competitors of Moneytech
Moneytech 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 Timelio, Waddle, Shengye Capital, Grapple and crossinx, 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 |
Invoice financing is provided to Australian businesses online.
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| domain | founded_year | HQ Location |
Invoice financing is provided through an online platform for businesses.
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace for business loans
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| domain | founded_year | HQ Location |
E-invoicing and supply chain financing solutions are delivered to 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 Moneytech
Frequently Asked Questions about Moneytech
When was Moneytech founded?
Moneytech was founded in 2003 and raised its 1st funding round 13 years after it was founded.
Where is Moneytech located?
Moneytech is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Moneytech a funded company?
Moneytech is a funded company, having raised a total of $20M across 2 funding rounds to date.
What does Moneytech do?
Moneytech started as a financial transaction software development firm launching core online transaction platform, the Moneytech Exchange, but later diversified to offering end to end commercial finance cash flow solutions for SMEs. Their current online products are Credit Express Trade Finance offering credit limits from 25,000 to 5,000,000 for SMEs to free up business cash flow, debtor financing product Confirmed Capital offering accounts receivable finance and m Payments which is its prepaid card. Moneytech also launched 360 Markets, providing forex payments solutions.
Who are the top competitors of Moneytech?
What products or services does Moneytech offer?
Moneytech offers Debtor Finance, Trade Finance, Equipment Finance, Term Loan Finance, and Line of Credit.
Who are Moneytech's investors?
Moneytech has 3 investors. Key investors include Source Financial, Colinton Capital Partners, and 248 Growth Partners.