About Nexxo Financial
Nexxo Financial is a company based in Burlingame (United States) founded in 2003 was acquired by MoneyGram in July 2013.. Nexxo Financial has raised $23.61 million across 5 funding rounds from investors including MoneyGram, Menlo Ventures and Split Rock Partners. Nexxo Financial operates in a competitive market with competitors including Doxo, BillGO, Papaya, Papaya Payments and Gerald, among others.
- Headquarter Burlingame, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Nexxo Financial Corporation
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Funding Insights of Nexxo Financial
Nexxo Financial has successfully raised a total of $23.61M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $3.66 million completed in January 2013. 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 5
- Last Round Series D — $3.7M
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First Round
First Round
(09 Jan 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2013 | Amount | Series D - Nexxo Financial | Valuation |
investors |
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| Mar, 2012 | Amount | Series D - Nexxo Financial | Valuation |
investors |
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| Aug, 2011 | Amount | Series D - Nexxo Financial | 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 Nexxo Financial
Nexxo Financial has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include MoneyGram, Menlo Ventures and Split Rock 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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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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US venture capital investments are made across all stages.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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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 Nexxo Financial
| 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 - Nexxo Financial
| 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 |
Nexxo Financial Comparisons
Competitors of Nexxo Financial
Nexxo Financial 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 Doxo, BillGO, Papaya, Papaya Payments and Gerald, 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 |
Bill payments are managed via a mobile app for users.
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| domain | founded_year | HQ Location |
Bill payment processing solutions are provided for businesses and consumers.
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| domain | founded_year | HQ Location |
Papaya is focused on simplifying billing and payment processes.
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| domain | founded_year | HQ Location |
Mobile app for bill payments via photo capture is provided.
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| domain | founded_year | HQ Location |
Consumer bills are managed and paid via a cloud-based platform.
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| domain | founded_year | HQ Location |
Provider of an all-in-one statement and payment solution for healthcare billing
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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 Nexxo Financial
Frequently Asked Questions about Nexxo Financial
When was Nexxo Financial founded?
Nexxo Financial was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Nexxo Financial located?
Nexxo Financial is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Is Nexxo Financial a funded company?
Nexxo Financial is a funded company, having raised a total of $23.61M across 5 funding rounds to date. The company's 1st funding round was a Series D of $3M, raised on Jan 09, 2008.
What does Nexxo Financial do?
Nexxo Financial was founded in 2003 in Burlingame, United States, focusing on the alternative financial services sector. Multi-product solutions are offered across channels for services including money transfers, check cashing, money orders, bill payments, prepaid card management, reloads, and mobile top-ups. Technology encompasses teller interfaces, mobile applications, and self-service kiosks. The kiosk-based money transfer operations were acquired by MoneyGram, with additional assets purchased in September 2014.
Who are the top competitors of Nexxo Financial?
Who are Nexxo Financial's investors?
Nexxo Financial has 4 investors. Key investors include MoneyGram, Menlo Ventures, Split Rock Partners, and Sutter Hill Ventures.
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